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Fresenius SE & Co KGaA
F:FREA

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Fresenius SE & Co KGaA
F:FREA
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Price: 9.95 EUR -2.45%
Market Cap: €22.4B

Fresenius SE & Co KGaA
Investor Relations

Fresenius SE & Co KGaA is a healthcare company that makes medical products and runs hospitals. Its product side, Fresenius Kabi, sells things like IV fluids, injectable medicines, clinical nutrition products, infusion pumps, and other supplies used in hospitals and clinics. Its hospital side treats patients through large hospital networks in Germany and Spain, where it provides inpatient care, surgeries, and related medical services. The company makes money in two main ways. First, it sells healthcare products to hospitals, pharmacies, and other medical providers. Second, its hospital businesses are paid by insurers, public health systems, and patients for treatment and procedures. That mix gives Fresenius a role on both sides of the healthcare system: it supplies the tools doctors need and also delivers the care itself. What makes Fresenius different is that it sits close to the core of everyday healthcare rather than selling optional consumer products. Demand for its services and supplies is tied to surgery, chronic illness treatment, and routine hospital care, which makes the business easy to understand: when hospitals need dependable medical consumables and when patients need care, Fresenius is often part of the chain.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 5, 2025
AI Summary
Q3 2025

Guidance Raised: Fresenius raised its full-year EBIT growth guidance to 4%–8%, up from 3%–7%, reflecting strong year-to-date performance and operational momentum.

EPS Growth: Core EPS grew by 14% in Q3, driven by strong operating results and a significant decrease in interest expenses.

Kabi Margin Strength: Kabi delivered an EBIT margin of 16.7% in Q3, with biopharma as a standout contributor and ongoing margin expansion.

Cash Flow & Deleveraging: Strong operating cash flow and continued deleveraging; leverage ratio now at 3x net debt to EBITDA, within the company’s target range.

Product Innovation: Multiple new product launches, especially in biosimilars and nutrition, are fueling growth and margin improvements.

Helios Stability: Helios maintained solid EBIT margins despite reimbursement changes and one-off items in Germany and Spain.

Investment & AI: The company plans to make further targeted investments, including in AI and digital initiatives, while balancing with deleveraging.

Key Financials
EBIT Growth Guidance
4%–8%
Core EPS Growth
14%
Kabi EBIT Margin
16.7%
Kabi Organic Revenue Growth
7%
Kabi Pharma EBIT Margin
22%
Biopharma Organic Growth
37%
Nutrition Organic Growth
7%
Helios Group EBIT Margin Q3
7.5%
Helios Year-to-date EBIT Margin
9.1%
Helios Spain EBIT Margin Q3
6.6%
Helios Spain Year-to-date EBIT Margin
11.3%
Helios Organic Revenue Growth Q3
5%
Helios Germany Organic Growth Q3
4%
Helios Activity Growth Q3
7%
Operating Cash Flow Year-to-date
EUR 2.2 billion
Kabi Operating Cash Flow Q3
EUR 440 million
Helios Operating Cash Flow Q3
EUR 330 million
Leverage Ratio (Net Debt/EBITDA)
3x
Interest Expense Guidance (Full Year)
EUR 330 million to EUR 340 million
Tax Rate Q3
24.7%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Michael Sen
CEO, President & Chairman of Management Board of Fresenius Management SE
No Bio Available
Ms. Sara Lisa Hennicken
CFO & Member of the Management Board - Fresenius Management SE
No Bio Available
Mr. Pierluigi Antonelli
Member of Management Board of Fresenius Management SE & CEO of Fresenius Kabi
No Bio Available
Dr. Michael Sven Moser Ph.D.
Member of Management Board of Fresenius Management SE
No Bio Available
Mr. Robert Moller
Member of the Management Board of Fresenius Management SE
No Bio Available
Mr. Nick Stone
Senior VP of Investor Relations & Head of Investor Relations - Fresenius Management SE
No Bio Available
Matthias Link
Senior Vice President Corporate Communications
No Bio Available
Sebastian Schlagwein
Head of Group ESG
No Bio Available

Contacts

Address
HESSEN
Bad Homburg vor der Hohe
Else-Kroener-Str. 1
Contacts
+4961726080.0
www.fresenius.com
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