News

(RTTNews) - Fresenius Medical Care reported that its first quarter net income to shareholders decreased by 18%, or down 17% at constant currency, to 71 million euros. Basic earnings per share decreased by 18%, or down 17% at constant currency, to 0.24 euros. EPS on outlook base increased by 35% to 0.67 euros.

First quarter revenue was 4.72 billion euros, up 2% at constant currency, or an increase of 5% organic.

Fresenius Medical Care confirmed outlook for fiscal 2024 and expects revenue to grow by a low- to mid-single digit percent rate. The company expects operating income to grow by a mid- to high-teens percent rate. The company reconfirmed targets to achieve an operating income margin of 10% to 14% by 2025.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.