Fresenius Medical Care (ETR:FME) First Quarter 2024 Results
Key Financial Results
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Revenue: €4.73b (flat on 1Q 2023).
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Net income: €71.0m (down 18% from 1Q 2023).
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Profit margin: 1.5% (down from 1.8% in 1Q 2023).
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EPS: €0.24 (down from €0.29 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fresenius Medical Care EPS Beats Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates significantly.
Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Healthcare industry in Germany.
Performance of the German Healthcare industry.
The company’s shares are down 5.5% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company’s balance sheet. See our latest analysis on Fresenius Medical Care’s balance sheet health.
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