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Please find below a selection of frequently asked questions and the respective answers (FAQ). If you cannot find the answer to your question please do not hesitate to contact the Investor Relations team at your convenience.



Where does Fresenius SE & Co. KGaA have its registered office?

The company’s registered office is situated at Else-Kröner-Str. 1, 61352 Bad Homburg v.d.H., Germany.


When was Fresenius SE & Co. KGaA founded?

The origins of Fresenius SE & Co. KGaA date back to the firm “Dr. Eduard Fresenius, Chemisch-pharmazeutische Industrie”, which was founded in 1912 by Dr. Eduard Fresenius, the proprietor of the Hirsch pharmacy in Frankfurt am Main. The founder’s wide-ranging contacts to doctors and scientists served as the foundations for the company and shaped its extensive portfolio of products. The company was converted into the joint stock company Fresenius AG at the end of 1981 in order to secure its continuity. The conversion of Fresenius SE into a partnership limited by shares (KGaA) took effect on January 28, 2011 with the entry of Fresenius SE & Co. KGaA in the commercial register of Bad Homburg municipal court.


What are Fresenius SE & Co. KGaA’s core businesses?

Fresenius is a global healthcare group. We offer system-critical products and services for leading therapies for care of critically and chronically ill patients.

The Fresenius Group comprises the Operating Companies Fresenius Kabi and Fresenius Helios and the Investment Companies Fresenius Vamed and Fresenius Medical Care. Each business segment is market leader in a major growth area of healthcare.

Fresenius has successfully completed the deconsolidation of Fresenius Medical Care: The change in legal form was entered in the commercial register on November 30, 2023.


How many employees does Fresenius SE & Co. KGaA have?

The Group had 193,865 employees as of December 2023 (December 31, 2022: 188,876).


When does Fresenius SE & Co. KGaA’s financial year end?

The financial year ends on December 31.


How does Fresenius SE & Co. KGaA draw up its Group financial statement?

Fresenius SE & Co. KGaA ("Fresenius") reports since January 1, 2017 in accordance with International Financial Reporting Standards (IFRS).

Fresenius, as a publicly traded company based in a European Union member country, is required to prepare and publish its consolidated financial statements in accordance with International Financial Reporting Standards (IFRS) pursuant to Section 315e of the German Commercial Code (HGB).


How high were total assets and shareholders’ equity?

The Group had total assets of €45,284 million as of December 31, 2023 (December 31, 2022: €76,415 million) while shareholders’ equity including minority interests amounted to €19,651 million (December 31, 2022: €32,218  million).


What were Fresenius SE & Co. KGaA’s revenue?

Revenue of €22,299 million were achieved in the financial year 2023.


How do financial analysts’ current estimates look like?

For an overview of analysts’ current recommendation please click here.


When will the next earnings results be released?

For an overview of our next earnings releases please click here.


Which key performance indicators are important for Fresenius SE & Co. KGaA?

The Management Board has revised the financial management system for the fiscal year 2023.

In the Fresenius Financial Framework, organic revenue growth represents the key performance indicator for the Group’s growth and that of the business segments. With the Fresenius Financial Framework, we have defined annual organic revenue growth ranges (ambition levels) for the operating companies. No annual ambition levels were defined for organic sales growth of the investment companies.

As part of the Fresenius financial framework, we have defined annual margin bands (ambition levels) for the business segments. These serve as an ambition level for the internal management of our business sectors and are benchmarked against leading competitors. The annual EBIT margin is defined as earnings before interest and taxes divided by revenue. To improve comparability of operating performance over several periods, the earnings figure is adjusted for special items where necessary.

At Group level, we primarily use earnings before interest and taxes (EBIT) and EBIT growth in constant currency. To improve comparability of operating performance over several periods, the earnings figure is adjusted for special items where necessary.

For an overview of our performance measures please click here.


When was the IPO of Fresenius?

The Fresenius preference shares were admitted to trading in December 1986. The Fresenius ordinary shares were admitted to trading in July 1992. The shares were listed on the stock exchanges in Frankfurt, Düsseldorf and Munich. In January 2011, the legal form of Fresenius SE was changed to a partnership limited by shares (KGaA) and all preference shares were mandatorily converted into ordinary shares.


Under what quotation symbols are the Fresenius SE & co. KGaA shares to be found?

The Bloomberg symbol of the Fresenius SE ordinary share on XETRA is FRE GR. The Reuters symbol on XETRA is


Why will Fresenius SE & Co. KGaA not pay a dividend for the 2023 financial year?

The Fresenius Management Board has decided to make use of the compensation and reimbursement payments for German hospitals in the amount of up to €300 million (from the current perspective) provided for by the ‘Energy Relief Package’ (‘Entlastungspaket Energiehilfen’) under the Hospital Financing Act (‘Krankenhausfinanzierungsgesetz’) to cover increased energy costs. This means that Fresenius is subject to the related restrictions imposed by the legislator. Fresenius Management Board will propose to the Annual General Meeting 2024 of Fresenius SE & Co. KGaA not to distribute a dividend for the fiscal year 2023. 

Notwithstanding the legally required suspension of dividend payments for the fiscal year 2023, Fresenius maintains its dividend policy for the future. In line with its progressive dividend policy, Fresenius continues to aim to increase the dividend in line with growth in earnings per share (in constant currency, before special items), or at least maintain the dividend at the previous year's level.

Further information on the announcement can be found here.


How high was the dividend for the past financial year, and when was it paid?

For FY/22, the dividend amounts to €0.92 per share. Shareholders approved with a large majority of 96.71% the proposal of the General Partner and the Supervisory Board to maintain the dividend at €0.92 per share.

Fresenius’ business was negatively impacted by the difficult macroeconomic environment in 2022. Despite these challenges, Fresenius proposed to the Annual General Meeting to keep the dividend at the same level at €0.92 per share (2021: €0.92).

The distribution to the shareholders of Fresenius SE and Co. KGaA amounted to €518 million or 30% of Group net income. Based on the dividend and the closing price at the end of 2022, the dividend yield is 3.5%.

The payment of the dividend was on May 23, 2023.

The Fresenius SE dividend policy as well as other information about our dividend is available here.


What is the structure of Fresenius SE & Co. KGaA’s capital stock?

The subscribed capital of Fresenius SE & Co. KGaA amounted to 563,237,277 ordinary shares as of December 31, 2023 (December 31, 2022: 563,237,277). The shares of Fresenius SE & Co. KGaA are non-par-value bearer shares. Each share represents € 1.00 of the capital stock.


Who are the principal shareholders of Fresenius SE & Co. KGaA?

The Else Kröner-Fresenius-Stiftung is the largest shareholder of Fresenius SE & Co. KGaA, holding approximately 27% of the voting capital. An overview of our shareholder structure can be found here.


Where can I find information on the Fresenius share price?

Under "Share Price" you can find our interactive tool that allows you to analyze and graph the Fresenius SE & Co. KGaA share price.


Where can I find information on the Fresenius’ financial targets?

Under "Outlook" you can find the outlook for the Fresenius Group and each of the business segments as well as our assumptions for special items for the FY/23 guidance.


When will the next Annual General Meeting take place?

The Annual General Meeting 2024 will be held as a physical event on May 17, 2024.


When is the record date in 2024?

The record day will be on April 25, 2024. In order to participate in the Annual General Meeting and to exercise voting rights shareholders have to submit special proof of share ownership which refers to the beginning of the record date, i.e. 24.00 h CEST.

The record date does not result in a blocking period during which it is not allowed to sell shares. Even in the event of full or partial disposal of the shareholding following the record date, only the shares owned by the shareholder on the record date will be relevant for participation in the Annual General Meeting and the scope of voting rights, i.e. disposal of shares after the record date will not affect entitlement to participate in the Annual General Meeting and the scope of voting rights. This also applies if (additional) shares are purchased after the record date. Persons who do not own any shares on the record date, and become shareholders only after the record date, are not entitled to participate in the Annual General Meeting and to exercise voting rights. 


Can every shareholder attend the Annual General Meeting?

All shareholders were able to follow the Annual General Meeting online or appoint a representative as long as he/she fulfils the conditions stated in the agenda. However, only holders of ordinary shares have a voting right as a general rule. You can enter the agenda on our website as from the day of its publication.


How and where can I register for the Annual General Meeting?

The invitation with the agenda of the Annual General Meeting will be delivered to you by your depositary bank before the Annual General Meeting. Enclosed with the invitation is a letter from your depositary bank with which you can order the admission ticket either for yourself or for someone else of your choice.


Is it possible to receive a free copy of the documents regarding the Annual General Meeting? Who should I contact?

Of course you can receive a free copy of the documents regarding the Annual General Meeting. Please contact our Investor Relations department.


What does sustainability mean for Fresenius?

Sustainability is deeply embedded in our thinking and our actions – at all levels of our company. Since Fresenius was established more than a century ago, our business model has been focused on the well-being of our patients. Social responsibility is reflected not only in our commitment providing access to healthcare and medicine to as many people as possible, but in our ambition to be a reliable partner for healthcare systems worldwide and a good employer to our employees. To act in an environmentally sustainable way we use natural resources as carefully as possible. Our economic sustainability is demonstrated by our continued success and our long-term growth strategy.


How is ESG (Environment, Social, Governance) anchored in the Groups’ organization?

Sustainability at Fresenius is the responsibility of the board member for Legal, Compliance, Risk Management, ESG and the business segment Fresenius Vamed. The Group function ESG is responsible for driving ESG transformation together with the responsible colleagues from Kabi, Helios and Vamed in alignment with #FutureFresenius. The team will provide central expertise and ensure a consistent approach across the Group and our value chain. The Group Management Board is regularly informed about sustainability issues by the Group ESG department. The Management Board and the Supervisory Board review the progress and the results of the sustainability management, which are then published in the separate Group Non-financial Report.

Group ESG coordinates the implementation of sustainability guidelines and standards at operational level and is responsible for the non-financial reporting of the Fresenius Group. Business Integrity is responsible for our Code of Conduct and manages issues relating to human rights, supply chain, and compliance. Data protection and cybersecurity are independent areas of responsibility.

The departments and functions on Fresenius SE & Co. KGaA level support the business segments in the development of guidelines and management concepts relating to these sustainability topics. The business segments have also defined departments and responsible persons – often in the form of sustainability officers who coordinate all.


What are the most important sustainability topics at Fresenius?

Our priorities derive from our materiality analysis performed during 2020. As a result, we have identified six main topic clusters and 15 individual topics. We review the material topics annually to ensure that they reflect the latest developments. For more information please refer to our Sustainability Report

Most relevant for our business is the well-being of our patients. We are committed to providing access to healthcare and medicine to as many people as possible worldwide. We strive for highest patient and product safety and follow strict requirements to ensure quality and safety.

Further, Compliance and Integrity and Human Capital Management are core to the success of our operating business.


How is Fresenius rated by the ESG rating agencies?

An overview of the current ESG ratings is available on our website.


What is Fresenius' position on environmental protection?

As a health care Group, Fresenius feels a responsibility to protect the environment and use natural resources carefully because only a healthy environment can be a home for healthy people. It is important to avoid possible negative effects on the environment and health. To this end, we identify and evaluate potential hazards and take the necessary measures to protect the environment. In our Groupwide materiality analysis, we identified the following topics for our internal environmental management strategy as particularly relevant to our core business:

  • Water management
  •  Waste and recycling management
  • Climate protection – energy and emissions

Further information is included in the chapter Environment in our Sustainability Report.


Does Fresenius have a climate target?

Fresenius has set a climate target for the Group complementing its existing sustainability targets and programs. The company aims to be climate neutral by 2040 and to reduce 50% of absolute scope 1 and scope 2 emissions by 2030 compared to 2020 levels. Fresenius will continuously assess scope 3 emission impacts for inclusion in targets. For further information please refer to our website.


Where can I find sustainability related key figures?

Our interactive tool offers a variety of key figures of the Fresenius Group and the business segments. These figures can individually be analyzed and visualized.


What is good corporate governance for Fresenius?

The Supervisory Board and the Management Board are committed to responsible management that is focused on achieving a sustainable increase in the value of the Company. Long-term corporate strategies, solid financial management, strict adherence to legal and ethical business standards, and transparency in corporate communication are key factors.

Our Corporate Governance Declaration can be found here.


How is the compensation of the Management Board structured at Fresenius?

On May 17, 2023, the Annual General Meeting approved a new compensation system for the members of the Management Board. In particular, the Compensation System 2023+ provides for a new plan for long-term variable compensation that takes even greater account of promoting the long-term and sustainable development of the Company. In addition, the aspect of sustainability has been anchored even more strongly in the long-term variable compensation.

Details on the compensation of the Management Board are available in the AGM invitation 2023.


How is the compensation of the Supervisory Board structured at Fresenius?

On May 21, 2021, the Annual General Meeting approved a new compensation system for the members of the Supervisory Board.


Details on the compensation of the Supervisory Board are available in the  AGM invitation 2021.

The following information does not contain all information that may be important to you. For more complete information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Receipts terms.


What is an American Depositary Receipt (ADR)?

An American Depositary Receipt (ADR) is a U.S. dollar denominated negotiable certificate that represents ownership of shares in a non-U.S. compan

Each ADR is issued by a U.S. depositary bank (which is a bank in the United States which oversees all the stock transfer and agency services in connection with a depositary receipt program) and represents one or more shares of a foreign stock or a fraction of a share. If investors own an ADR they have the right to obtain the foreign stock it represents, but U.S. investors usually find it more convenient to own the ADR. The price of an ADR is often close to the price of the foreign stock in its home market, adjusted for the ratio of ADRs to foreign company shares. ADRs were specifically designed to facilitate the purchase, holding and sale of non-U.S. securities by U.S. investors.

Fresenius ADRs represent Fresenius’ local shares deposited with the depositary bank (Deutsche Bank Trust Company Americas), to underlie such certificates and carry the rights attached to them as detailed in the Depositary Agreement. Holders of ADRs receive dividends in U.S. dollars and have the right to vote on shareholders resolutions, where applicable.


What is the difference between an ADR and an ADS?

An ADR (American Depositary Receipt) is a negotiable certificate issued by a depositary bank representing a specific number of shares of a non-U.S. company traded on a U.S. stock exchange. An ADS (American Depositary Share) is the share issued under the ADR agreement which is actually traded. Although the terms ADR and ADS are often used interchangeably, the difference is that an ADR is the certificate while the ADSs are the shares.


What are the benefits of ADRs to U.S. investors?

U.S. investors may prefer to purchase ADRs rather than local shares in the issuer’s home market because ADRs trade, clear and settle in U.S. Dollars and according to U.S. market conventions. ADRs also allow easy comparison to securities of similar companies as well as access to price and trading information. Holders of ADRs also receive dividends in U.S. dollars.


What is an ADR ratio?

The ADR ratio is the relation between the number of ADRs and the number of local shares. Four Fresenius ADRs represent one Fresenius local share, i.e. the ratio is 4:1. The ratio was changed in conjunction with the stock split on August 1, 2014, becoming effective on August 4, 2014. Before that the ADR ratio was 8:1.


How can I buy Fresenius ADRs?

Fresenius ADRs can be purchased like any other stocks, through your U.S. banks and brokers.


Where are Fresenius ADRs traded?

Fresenius ADRs are traded in the U.S. OTC (over the counter) market under the ticker symbol FSNUY. The Cusip Number is 35804M105.


What is an OTC Market?

The OTC market is the market for over-the-counter securities in the United States. This is where sponsored Level I ADR programs are traded.


How are dividends paid?

ADR holders will receive the dividend in U.S. dollars. The depositary bank typically announces the final ADR dividend rate following conversion into U.S. dollars. ADR rates and pay dates will be published on


Where do I get information and updates on Fresenius?

Financial and stock information is available here.
Trading information is readily available on our depositary bank’s website and on the website of OTC Markets.


Who is Fresenius’ depositary bank, transfer agent, registrar and exchange agent for ADR shares?

Fresenius’ ADR program is administered by Deutsche Bank Trust Company Americas (Deutsche Bank). As the depositary bank, Deutsche Bank performs the following roles for ADR holders as further detailed in the Deposit Agreement:

  • Records and maintains the register of ADR holders,
  • Is the stock transfer agent,
  • Distributes dividends in U.S. dollars,
  • Facilitates the voting process and the exercise of the voting rights of ADR holders at any Company
  • General Meeting if permitted by the Company and the Depositary Agreement,
  • Issues and cancels Fresenius American Depositary Receipts (ADRs),
  • Can distribute Company circulars and General Meetings (including Annual General Meeting) documentation, if applicable.

For those holders who are not registered because their ADRs are held through a ‘Street name’ (nominee account), your nominee will receive Company documents from time to time from Deutsche Bank to distribute to ADR holders. You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at General Meetings (if applicable).


How can I contact Deutsche Bank?

Contact details for ADR brokers & institutional investors:

US - Tel: +1 212 250 9100
UK - Tel: +44 207 547 6500

Contact details for registered ADR Holders:
Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050

Toll-free number: +1 800 937 5449
Direct Dial: +1 718 921 8124


How do I convert my local shares into ADRs?

Converting local shares into ADRs must be done through a broker, investment advisor or directly through Deutsche Bank Trust Company Americas. You can contact Deutsche Bank broker services desk on +1 212 250 9100 or +44 207 547 6500, or by email on


What if I lose my ADR certificate, dividend check or tax voucher?

If you do not hold via a broker, bank or nominee, please contact our transfer agent:

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050


Toll-free number: +1 800 937 5449
Direct Dial: +1 718 921 8124


What if I have more than one ADR certificate? Can they be combined?

Yes. Certificates can be combined by contacting our transfer agent:

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Peck Slip Station
P.O. Box 2050
New York, NY 10272-2050


Toll-free number: +1 800 937 5449
Direct Dial: +1 718 921 8124


How can I get the latest news of Fresenius?

Stay informed about the latest news and developments at our Group by subscribing to our Investor News and/or to the Fresenius Brief News. These services are free of charge and may be cancelled at any time. Our Information & Order Service is available  here. Please scroll fully down this page.


Where can I find financial and sustainability key figures?

Our interactive tool offers a variety of key figures of the Fresenius Group and the business segments on an annual and quarterly basis. These figures can individually be analyzed and visualized.