Fresenius SE More Optimistic After Fresenius Medical Care Profit Jumps
October 27 2016 - 1:58AM
Dow Jones News
By Friedrich Geiger
BERLIN--Fresenius SE (FRE.XE) Thursday raised the lower end of
its full-year earnings guidance after each of the healthcare
company's segments grew organically in every region in the third
quarter.
Adjusted for currency changes, Fresenius SE now expects net
profit to be 12% to 14% higher than last year's adjusted net
profit. The company had earlier forecast an increase of at least
11%. In the third quarter, Fresenius SE's net profit grew 12% to
399 million euros ($435 million), nearly in line with analysts'
EUR402 million average estimate. Revenue rose 6% to EUR7.34
billion.
Fresenius Medical Care, the ​dialysis provider in which
Fresenius SE holds a stake, also released results showing
third-quarter net profit up 27% at $333 million, compared with
analysts' $324 million consensus estimate. Revenue grew 9% to $4.60
billion. Fresenius Medical Care confirmed its full-year
guidance.
Write to Friedrich Geiger at friedrich.geiger@wsj.com
(END) Dow Jones Newswires
October 27, 2016 01:43 ET (05:43 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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