Fresenius SE & Co. KGaA (FSNUF) Q3 2022 Earnings Call Transcript

Fresenius SE & Co. KGaA (OTCPK:FSNUF) Q3 2022 Earnings Conference Call October 31, 2022 8:30 AM ET

Company Participants

Markus Georgi – Senior Vice President-Investor Relations
Michael Sen – Chief Executive Officer
Sara Hennicken – Chief Financial Officer

Conference Call Participants

James Vane-Tempest – Jefferies
Tom Jones – Berenberg
David Adlington – JPMorgan
Veronika Dubajova – Citi
Ed Ridley-Day – Redburn
Robert Davies – Morgan Stanley
Falko Friedrichs – Deutsche Bank

Markus Georgi

Thank you, Stuart. Good morning, good afternoon, depending on your time zone. Thanks everybody for joining us today on our Q3 Earnings Call. With me on the call today are Michael Sen, Chief Executive Officer of Fresenius Group; and Sara Hennicken, Chief Financial Officer of Fresenius Group. Yesterday late afternoon we have published our Q3 figures and have adjusted our forecast for fiscal 2022. Before kicking off, I would like to start this 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 without any further due, I hand it over to you Michael. The floor is yours.

Michael Sen

Yes. Thank you, Markus. Good afternoon everyone. This is Michael Sen. There has been a lot happening and there is a lot to do. I thank you for joining us today on the call. Sara and I will review the third quarter and take questions, but I want to start by going over recent news. By now, you have all seen the announcement from Fresenius Medical Care of their lowered forecasts for 2022. And obviously FMCs news impacts the Fresenius Group's performance and expectations. In addition to the FMC effect, we too are operating in very uncertain markets where patient and customer decision making has been disrupted. As a result, Fresenius Group forecasts have to be adjusted. While we expect revenues for 2022 to grow, tough markets will continue, year-to-date our