Fresenius Medical Care Trades Lower After 2Q Results

Datum : 30/07/2019 @ 11h52
Quelle : Dow Jones News
Name : Fresenius Medical Care AG & Co. KGaA (FME)
Kurs : 59.42  -0.6 (-1.00%) @ 17h35
Fresenius Medical Care A... share price Chart

Fresenius Medical Care Trades Lower After 2Q Results

Fresenius Medical Care A... (XE:FME)
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   By Kim Richters 

Shares in Fresenius Medical Care AG (FME.XE) fell on Tuesday, after the health-care company reported a fall in second-quarter profit.

The company, which is the dialysis division of Fresenius SE & Co. KGaA (FRE.XE), reported second-quarter sales of 4.28 billion euros ($4.76 billion), compared with EUR3.96 billion the previous year, and said its net income for the quarter was EUR279 million, down from EUR308 million.

The company's sales, net income and earnings before interest and taxes were below expectations, analysts at UBS said.

At 0915 GMT, shares in Fresenius Medical Care traded 5.64% lower at EUR63.60.

"Investors are likely to focus on the headline miss driven by care coordination and international," UBS said.


Write to Kim Richters at


(END) Dow Jones Newswires

July 30, 2019 05:37 ET (09:37 GMT)

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