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Fresenius' (FSNUF) CEO Stephan Sturm on Q3 2021 Results - Earnings Call Transcript

Nov. 02, 2021 2:48 PM ETFresenius SE & Co. KGaA (FSNUF), FSNUY
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Fresenius SE & Co. KGaA (OTCPK:FSNUF) Q3 2021 Earnings Conference Call November 2, 2021 8:30 AM ET

Company Participants

Markus Georgi – Head-Investor Relations

Stephan Sturm – Chief Executive Officer

Rachel Empey – Chief Financial Officer

Conference Call Participants

Veronika Dubajova – Goldman Sachs

Hassan Al-Wakeel – Barclays

Patrick Wood – Bank of America

James Vane-Tempest – Jefferies

Oliver Metzger – Oddo BHF

Falko Friedrichs – Deutsche Bank

Christoph Gretler – Credit Suisse

Lisa Clive – Bernstein


Good afternoon, and welcome to the Conference Call of Fresenius Investor Relations, which is now starting. May I hand you over to Markus Georgi, Head of Investor Relations?

Markus Georgi

Good morning, good afternoon. And thanks everybody for joining us today. I would like to welcome all of you to our Q3 2021 Earnings Call. As always, with me on the call are Stephan and Rachel. So before we begin, I would like to start the call by drawing your attention to the cautionary language that is included in our safe harbor statement on Page 2 of today’s presentation.

And with that, I hand it over to Stephan.

Stephan Sturm

Thank you, Markus. Good afternoon and good morning, a warm welcome. Thank you for joining us. And as always, we appreciate your interest in Fresenius. Markus has pointed out the safe harbor language to you. So let’s move right to Page 4 and our key messages for the third quarter.

Fresenius has delivered yet again, a good quarter with healthy sales and net income growth, even above our expectations. The summer dip at Helios Spain was not as pronounced as expected and on a very positive note, Kabi North America is back to growth. Primarily these positive performances have offset the COVID driven weakness at medical care, which to this extent had not been foreseen.

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