Fresenius SE 3Q Net Profit, Sales Grew; Backs Outlook

Datum : 29/10/2019 @ 07h59
Quelle : Dow Jones News
Name : Fresenius SE & Co. KGaA (FRE)
Kurs : 35.34  1.24 (3.64%) @ 17h35
Fresenius SE & Co. KGaA share price Chart

Fresenius SE 3Q Net Profit, Sales Grew; Backs Outlook

Fresenius SE & Co. KGaA (XE:FRE)
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By Carlo Martuscelli


Fresenius SE & Co. KGaA (FRE.XE) said Tuesday that net profit and sales both rose in the third quarter, and backed its full-year outlook.

Net income was 444 million euros ($492.4 million), up from EUR419 million in the previous-year period, while sales grew 7.9% to EUR8.42 billion.

The German provider of health products and services backed its earnings guidance for 2019. The company sees sales growth at constant currency rates of between 4% to 7%, while net income on a comparable basis is expected to be flat.

At Fresenius Medical Care (FME.XE), the company's dialysis division, net profit rose 17% to EUR333 million, while sales increased by 8.9% to EUR4.42 billion.


Write to Carlo Martuscelli at; @carlomartu


(END) Dow Jones Newswires

October 29, 2019 02:44 ET (06:44 GMT)

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