Report
Oliver Metzger

Fresenius SE & CO KGaA : Q4 review – The smallest strategic move

>Mixed last quarter - Q4 revenues of € 10,643m (+6.8% y-o-y, 0%/-1% vs of ODDO BHF/consensus) saw 3% organic growth, 1% external growth and currency tailwind of 3%. Group EBIT of € 1,052m (-5.7% y-o-y, margin 11.3%) was in line with expectations. EPS of € 0.79 compares to consensus’ € 0.85.Kabi posted organic growth of 7% supported by Latin America/Africa, which were up by 41% not only by a good underlying development, but also by hyperinflation. North America ...
Underlying
Fresenius SE & Co. KGaA

Fresenius is a health care group providing products and services for dialysis, hospitals and outpatient medical care. Co. operates four business segments: Fresenius Medical Care; Fresenius Kabi; Fresenius Helios; and Fresenius Vamed. Fresenius Medical Care provides dialysis care and dialysis products for patients with chronic kidney failure. Fresenius Kabi is engaged in the provision of generic drugs, infusion therapies, clinical nutrition products, related medical devices and transfusion technology. Fresenius Vamed manages projects and provides services for hospitals and other health care facilities. Fresenius Helios is a private hospital operator which only operates in Germany.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Oliver Metzger

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