At a dialysis specialist FMC the group's restructuring continues to bear fruit. In the third quarter, thanks to savings, operating profit rose sharply by 43 percent to 463 million euros. Adjusted for special effects and constant exchange rates, the increase was ten percent compared to the previous year, as announced by the MDax group on Tuesday. in Bad Homburg.
Analysts were surprised by the FMC figures
Analysts don't have much of an agenda. “Our clear focus on improving operational performance as well as continued momentum in implementing savings contributed to progress in the third quarter,” said FMC CEO Helen Giza.
In both divisions, the Fresenius company earned more revenue in day-to-day business in the three reporting months July to September compared to the previous year. Management has now narrowed its adjusted operating profit target to the upper end of its previous range: it is expected to increase by 16 to 18 percent in constant currencies for the full year.
FMC confirmed sales forecast – On an adjusted basis, growth is expected to be in the low to mid single digit percentage range. However, in the third quarter, revenue fell four percent to 4.76 billion euros after adjustment and excluding the impact of the exchange rate, revenue was still minus one percent.