Tuesday, May 2, 2017

Fresenius Medical Care Q1 Profit Rises, Adj. Revenue Up 14%; Confirms Outlook

Fresenius Medical Care AG & Co. KGaA (FMS) reported that its first-quarter net income attributable to shareholders was 308 million euros, an increase of 45% from prior year. Excluding the agreement with the United States Departments of Veterans Affairs and Justice, net income attributable to shareholders of Fresenius Medical Care AG & Co. KGaA increased by 17%. Basic earnings per share was 1.01 euros, compared to 0.70 euros. Total operating income (EBIT) increased by 31% to 651 million euros. The company said this increase was strongly supported by the Dialysis business in North America, the agreement with the United States Departments of Veterans Affairs and Justice and the business growth in Asia Pacific. Adjusted EBIT was up 11% to 552 million euros.

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