Fresenius SE & Co. KGaA (FSNUF.PK, FSNPF.PK) announced its first-quarter reported Group net income decreased to 346 million euros from 413 million euros, previous year. Reported earnings per share was 0.61 euros compared to 0.74 euros. Group net income before special items decreased by 16%, or 17% in constant currency, to 389 million euros. The company said the decrease was driven by cost inflation and the negative earnings development at Fresenius Vamed. Earnings per share before special items decreased to 0.69 euros from 0.83 euros. Excluding Fresenius Medical Care, Group net income before special items decreased by 14%, or 16% in constant currency, to 341 million euros.
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