FMS Fresenius Medical Care AG

By Natascha Divac

FRANKFURT--German healthcare company Fresenius SE (FME.XE) said Tuesday that its first-quarter revenue and profit rose, helped by a lower tax rate and robust sales growth at Fresenius Medical Care.

In the three months from January through March, Fresenius's net profit before special items increased to 362 million euros ($417.43 million) from EUR317 million. Revenue climbed to EUR6.91 billion from EUR6.48 billion a year earlier. Analysts expected EUR6.91 billion.

The company confirmed its forecast for the current year. It still sees revenue rising between 6% and 8%. Net profit before special items is seen rising 8% to 12% at constant currencies.

At Fresenius Medical Care AG, of which Fresenius owns almost a third, revenue rose to $4.21 billion from $3.96 billion in the first quarter. Earnings before interest and taxes rose 7% to $540 million. Net profit rose to $228 million from $210 million. Fresenius Medical Care confirmed its 2016 forecast for revenue to increase by 7% to 10% adjusted for currency effects, and net profit to rise 15% to 20%.

-Write to Natascha Divac at natascha.divac@wsj.com

(END) Dow Jones Newswires

May 03, 2016 02:04 ET (06:04 GMT)

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