UPDATE 2-Fresenius raises outlook on strong quarterly results, exits Vamed [Yahoo! Finance]
Fresenius Medical Care AG American Depositary Shares (Each representing 1/2 of an Ordinary Share) (FMS)
Last fresenius medical care ag american depositary shares (each representing 1/2 of an ordinary share) earnings: 7/31 04:03 pm
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Source: Yahoo! Finance
May 8 (Reuters) - German healthcare group Fresenius first-quarter results beat expectations, the company said on Wednesday, citing strong performance at its Kabi and Helios businesses, prompting it to raise its full-year outlook. First-quarter earnings before interest and tax (EBIT) were 633 million euros ($680 million), above analysts' expectations of 606 million euros, according to a consensus of forecasts from Vara Research. In a bid to get leaner, Fresenius also said that it would sell its investment unit, Fresenius Vamed, completing its portfolio restructuring. The business accounted for 10% of its revenue last year. Since his appointment in October 2022, CEO Michael Sen has been overhauling the group to cut costs and debt after it was hit by a decline in earnings at its former dialysis unit, Fresenius Medical Care. The Hessian-based firm raised its full-year outlook after the strong first quarter and due to improved business prospects for its maker of generic hospital d
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News
- Renal Research Institute and Karolinska Institutet announce chronic kidney disease management symposium, highlighting new therapeutics [Yahoo! Finance]Yahoo! Finance
- American Oncology Network Appoints New Board Member [Yahoo! Finance]Yahoo! Finance
- Fresenius Medical Care Annual General Meeting: Company makes significant progress in its Transformation Efforts and confirms its ambitious 2024 Growth Targets [Yahoo! Finance]Yahoo! Finance
- Fresenius Medical Care Annual General Meeting: Company makes significant progress in its Transformation Efforts and confirms its ambitious 2024 Growth TargetsPR Newswire
- Fresenius Medical Care AG (NYSE: FMS) had its price target raised by analysts at Truist Financial Co. from $21.00 to $24.00. They now have a "hold" rating on the stock.MarketBeat
FMS
Earnings
- 8/3/23 - In-Line
FMS
Sec Filings
- 5/16/24 - Form 6-K
- 5/7/24 - Form 6-K
- 5/7/24 - Form 6-K
- FMS's page on the SEC website