Fresenius Medical Care (ETR:FME) Second Quarter 2024 Results

Key Financial Results

• Revenue: €4.77b (down 1.2% from 2Q 2023).

• Net income: €187.0m (up 33% from 2Q 2023).

• Profit margin: 3.9% (up from 2.9% in 2Q 2023). The increase in margin was driven by lower expenses.

• EPS: €0.64 (up from €0.48 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fresenius Medical Care Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 4.8%. Earnings per share (EPS) also missed analyst estimates by 95%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Healthcare industry in Germany.

Performance of the German Healthcare industry.

The company's shares are down 4.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for Fresenius Medical Care that you should be aware of.

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