Fresenius SE & Co. KGaA beats on revenue

Jul. 30, 2021 5:13 AM ETFresenius SE & Co. KGaA (FSNUF)FSNUFBy: Mamta Mayani, SA News Editor
  • Fresenius SE & Co. KGaA (OTCPK:FSNUF): Q2 Non-GAAP EPS of €0.85; GAAP EPS of €0.84.
  • Revenue of €9.25B (+3.7% Y/Y) beats by €180M.
  • Adjusted EBIT €1.03B, estimate €1.02B
  • Adjusted net income €474M, estimate €448.7M
  • Fresenius raises its 2021 earnings guidance. The Company now projects non-GAAP net income to grow in a low single digit percentage range in constant currency. Previously, Fresenius expected an at least broadly stable net income development.
  • The Company continues to project sales growth in a low-to-mid single-digit percentage range in constant currency.
  • Net income for the Group excluding Fresenius Medical Care is now expected to grow in a high single-digit percentage range in constant currency compared to previous expectations of mid-to-high single-digit percentage growth.
  • Fresenius projects net debt/EBITDA to be around the top-end of the self-imposed target corridor of 3.0x to 3.5x by the end of FY/21.
  • Press Release

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