Outlook
Group Outlook 2022
For FY/22, Fresenius projects sales growth1 in a low-to-mid single-digit percentage range in constant currency. Net income2,3 is expected to decline around ten percent in constant currency.
Assumptions for guidance FY/22
For 2022 and beyond, Fresenius expects that the current challenging market environment and the global macro-economic headwinds will remain. In particular, the general cost inflation, labor shortages, meaningful uncertainty with regard to the future development of energy prices, burdens from supply chain disruptions and ongoing impacts of the COVID-19 pandemic are expected to continue. The guidance does not consider a significant disruption of gas or electricity supplies in Europe.
Fresenius will continue to closely monitor the potential further consequences of the overall heightened volatility and muted visibility, including balance sheet valuations.
The war in Ukraine is directly and indirectly affecting Fresenius Group operations. The direct adverse effects of the war are treated as a special item.
COVID-19 will continue to impact Fresenius Group operations in 2022. An unlikely but possible significant deterioration of the situation triggering containment measures that could have a significant and direct impact on the health care sector without any appropriate compensation is not reflected in the Group’s FY/22 guidance.
For Fresenius Medical Care‘s contribution to the Group’s financial figures, the assumptions for Fresenius Medical Care's FY/22 guidance are also fully applicable to Fresenius Group's FY/22 guidance.
All of these assumptions are subject to considerable uncertainty.
The acquisitions of Ivenix and of the majority stake in mAbxience as well as any further potential acquisitions remain excluded from guidance.
1 FY/21 base: €37,520 million
2 Net income attributable to shareholders of Fresenius SE & Co. KGaA
3 FY/21 base: €1,867 million; before special items; FY/22: before special items
Fiscal year 20211 | Results 2021 | Outlook 20222 | |
---|---|---|---|
Fresenius Group | |||
Sales growth (in constant currency) | Mid single-digit percentage growth | 5% | Growth in a low-to-mid single-digit percentage range |
Net income3 growth (in constant currency) | Around the top-end of low single-digit percentage growth | 5% | Decline around ten percent |
Fresenius Medical Care4 | |||
Sales growth (in constant currency) | Expecting to be at the lower end of the guidance range of low-to-mid single-digit percentage growth | 2% | Low single-digit percentage growth |
Net income5 growth (in constant currency) | Expecting to be at the lower end of the guidance range of high-teens to mid-twenties percentage decline | -23% | Decline in the high teens to mid-twenties percentage range |
Fresenius Kabi | |||
Sales growth (organic) | Low-to-mid single-digit percentage growth | 4% | Low single-digit percentage growth |
EBIT growth (in constant currency) | Around the top end of the low single-digit percentage guidance range | 7% | Decline in high single- to low double-digit percentage range |
Fresenius Helios | |||
Sales growth (organic) | Mid single-digit percentage growth | 7% | Low-to-mid single-digit percentage growth |
EBIT growth (in constant currency) | High single-digit percentage growth | 10% | Mid single-digit percentage growth |
Fresenius Vamed | |||
Sales growth (organic) | Mid-to-high single-digit percentage growth | 11% | Growth in a mid-single digit percentage range |
EBIT | High double-digit € million amount | €101 million | Around €100 million |
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1 Before special items; including expected COVID-19 effects (updated in November 2021)
2 Before special items, including expected COVID-19 effects
3 Net income attributable to shareholders of Fresenius SE & Co. KGaA
4 These targets are based on the 2021 results excluding the costs related to FME25 of € 49 million (for Net Income). They are based on the outlined assumptions, in constant currency and exclude special items. Special items include further costs related to FME25 and other effects that are unusual in nature and have not been foreseeable or not foreseeable in size or impact at the time of giving guidance.
5 Net income attributable to shareholders of Fresenius Medical Care AG & Co. KGaA
As of October 30, 2022
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