Financial Results
Q1/2023 Results
Fresenius executing on #FutureFresenius: Strong performance of Operating Companies in Q1/23 and structural simplification on track
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Deconsolidation of Fresenius Medical Care moving ahead as planned
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Group Revenue increased by 5% to €10.2 billion driven by a broad-based positive performance across the Group
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Group EBIT in constant currency decreased by 10% to €908 million in line with expectations. EBIT development of Operating Companies was broadly flat despite negative effects from inflation; Investment Companies clearly dilutive
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Fresenius Kabi with EBIT margin of 14.5% already within structural band
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Enhanced transparency with change of Fresenius Kabi’s financial disclosure from a geographic to a product segment view
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Fresenius Helios with healthy organic revenue growth driven by increasing admissions
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Structural productivity savings ramping up, ~€130 million already achieved in Q1/23
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Group outlook confirmed
Selected Key Figures Q1/2023
REVENUE
€ 10225 m
+ 5% 1
Q1/22: €9,720 m
EBIT 2
€ 908 m
-10% 1, 4
Q1/22: €1,000 m
NET INCOME 2, 3
€ 389 m
-17% 1, 2
Q1/22: €463 m
EARNINGS PER SHARE 2, 3
€ 0.69 m
-18% 1, 2
Q1/22: €0.83
1 In constant currency
2 Before special items
3 Net income attributable to shareholders of Fresenius SE & Co. KGaA
4 According to FY/23 guidance, excluding Provider Relief Fund (PRF) at Fresenius Medical Care
Revenue by business segment
| € in millions | Q1/23 | Q1/22 | Change | Growth at constant rates | Organic growth | Acquisitions | Divestitures | % of total revenue1 |
|---|---|---|---|---|---|---|---|---|
Fresenius Kabi | 1,991 | 1,847 | 8% | 8% | 7% | 2% | -1% | 19% |
Fresenius Helios | 3,066 | 2,931 | 5% | 5% | 5% | 0% | 0% | 30% |
Fresenius Medical Care | 4,704 | 4,548 | 3% | 2% | 2% | 0% | 0% | 46% |
Fresenius Vamed | 583 | 513 | 14% | 13% | 13% | 0% | 0% | 5% |
Total | 10,225 | 9,720 | 5% | 5% | 5% | 1% | 1% | 100% |
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1 Related to the respective external sales of the business segments. Consolidation effects and corporate entities are not taken into account. Therefore, aggregation to total Group revenue is not possible.