Germany's Fresenius tops profit estimates on strong drug unit performance
German healthcare group Fresenius reported fourth-quarter earnings above market expectations on Wednesday, driven by a strong performance at its hospital drug unit Kabi. Its shares jumped around 7% by 0910 GMT, among top performers on Europe's benchmark STOXX 600 index. Since 2022, Fresenius has been reorganizing its businesses to reduce costs and liabilities, including ceding control of its former dialysis unit, Fresenius Medical Care, and exiting some other non-core operations to focus on Kabi and hospital operator Helios.