F

Fresenius Medical Care AG & Co KGaA
F:FMEA

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Fresenius Medical Care AG & Co KGaA
F:FMEA
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Price: 17.9 EUR 0.56% Market Closed
Market Cap: €10.5B

Fresenius Medical Care AG & Co KGaA
Investor Relations

Fresenius Medical Care is a kidney care company. It runs dialysis clinics where patients with kidney failure receive regular treatment, and it also makes and sells the dialysis machines, filters, and related supplies used in those treatments. Its business sits at the center of chronic kidney care, serving both patients directly and the healthcare providers that treat them. The company makes money in two main ways: it gets paid for dialysis treatments delivered in its clinics, and it sells dialysis equipment and consumables to hospitals, clinics, and other treatment centers. Its customers include patients who need ongoing dialysis, as well as healthcare systems and providers that need dependable kidney-care products and services. What makes the business distinctive is that it combines a care network with a medical products business. That gives it direct insight into how dialysis is delivered and also a steady stream of demand for the equipment and supplies that those treatments require. In practice, Fresenius Medical Care is both a service provider and a core supplier in the dialysis industry.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 5, 2026
AI Summary
Q1 2026

Solid start: Fresenius Medical Care said Q1 began 2026 with continued operational and financial progress, including 4% organic revenue growth and 10% operating income growth.

Guidance held: Management reaffirmed the full-year outlook, including broadly flat revenue and operating income expected to stay on a high level, with a mid-single-digit change range.

TDAPA boost: Q1 benefited from about EUR 80 million of TDAPA support, but management said that turns into a significant headwind in the second half of the year.

U.S. operations: U.S. same market treatment growth fell 37 basis points, hurt by weather, missed treatments, insurance uncertainty tied to ACA subsidies, and mortality still above pre-pandemic levels.

HDF rollout: The 5008X and HighVolumeHDF rollout is accelerating, with more than 100,000 treatments in the first week of April and around 100 clinics converted.

Capital return: The company completed its EUR 1 billion buyback program early, repurchasing 24.8 million shares, or 8.5% of share capital, while leverage stayed at 2.6x.

Key Financials
Organic revenue growth
4%
Revenue growth at constant currency
3%
Operating income growth
10%
Group operating margin
10.1%
FME25+ savings
EUR 50 million
Net leverage ratio
2.6x
U.S. same market treatment growth
-37 basis points
Care Delivery organic revenue growth
6%
Care Delivery operating income growth
26%
Care Delivery margin
12.1%
Value-Based Care revenue growth
3%
Value-Based Care margin
100 basis points
Care Enablement organic revenue growth
1%
Operating cash flow
EUR 227 million
Free cash flow
EUR 40 million
TDAPA contribution
about EUR 80 million
Share buybacks
24.8 million shares
Share capital repurchased
8.5%
Buyback spend
EUR 1 billion
Clinic closures exited in Q1
64 clinics
5008X treatments
more than 100,000 treatments
Converted clinics
around 100 clinics
CKCC shared savings
over $270 million
CKCC quality score
88%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Helen Giza
Chair of Management Board & CEO
No Bio Available
Dr. Franklin W. Maddux F.A.C.P.
Global Chief Medical Officer & Member of Management Board
No Bio Available
Dr. Katarzyna Mazur-Hofsab Ph.D.
CEO of Care Enablement & Member of Management Board
No Bio Available
Mr. Craig Cordola FACHE, M.B.A., M.H.A.
CEO of Care Delivery & Member of Management Board
No Bio Available
Dr. Dominik Heger
Executive VP and Head of Investor Relations, Strategic Development & Communications
No Bio Available
Mr. Jorg Haring
Global Head of Legal, Compliance & Human Resources and Labor Director
No Bio Available
Mr. Joachim Weith
Senior Vice President of Corporate Communications & Governmental Affairs
No Bio Available
Dr. Gail-Suzanne Brown
Senior Vice President of Research & Development
No Bio Available
Mr. Glenn Slater
Senior Vice President of Manufacturing and Supply Chain Operations
No Bio Available
Dr. Wolfgang Kummerle
Senior Vice President - Quality Management International
No Bio Available

Contacts

Address
HESSEN
Bad Homburg vor der Hohe
Else-Kroener-Strasse 1
Contacts
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