Full Press Release Details
| Investor News | Fresenius Medical Care AG & Co. KGaA | |
| Investor Relations | ||
| Else-Kr ner-Str. 1 | ||
| D-61352 Bad Homburg | ||
| Contact: | ||
| Oliver Maier | ||
| Phone: | + 49 6172 609 2601 | |
| Fax: | + 49 6172 609 2301 | |
| E-mail: ir@fmc-ag.com | ||
| North America: | ||
| Terry L. Morris | ||
| Phone: | + 1 800 948 2538 | |
| Fax: | + 1 615 345 5605 | |
| E-mail:ir@fmc-ag.com | ||
| Internet: www.fmc-ag.com | ||
| July 17, 2008 |
Medical Care Reports Preliminary Second
First Six Months 2008 Results
Summary Second Quarter 2008 (preliminary):
| Net revenue | $ | 2,665 million | + 11 | % | |||
| Operating income (EBIT) | $ | 428 million | + 9 | % | |||
| Net income | $ | 209 million | + 17 | % |
Summary First Half 2008 (preliminary):
| Net revenue | $ | 5,177 million | + 10 | % | |||
| Operating income (EBIT) | $ | 816 million | + 8 | % | |||
| Net income | $ | 395 million | + 17 | % |
Bad Homburg, Germany Fresenius Medical Care
AG & Co. KGaA ( the Company ), the world s largest provider
of dialysis products and services, today announced preliminary results for the
second quarter and the first six months of 2008. The disclosure of the
Company`s preliminary results on an accelerated basis has been triggered as a
result of the announcement by Fresenius SE today.
Based on preliminary data, the
total revenue for the second quarter 2008 increased by 11% (7% at constant
currency) to $2,665 million. Operating income rose by 9% to
$428 million. This very good performance was based on an operating margin
of 16.1% compared to 16.3% for the same quarter in 2007. Net income in the
second quarter 2008 was $209 million, an increase of 17%.
First Six Months 2008
$5,177 million, up 10% from the first six months of 2007. Adjusted for
currency, net revenue rose by 6% in this period. Operating income rose by 8% to
$816 million, resulting in an operating margin of 15.8% after 16.0% in the
same period in 2007. In the first six months of 2008, net income was
$395 million, up 17% from the first six months of 2007.
final figures for the first half of 2008 and the outlook for the full year will
be provided on July 30, 2008, as originally scheduled.
Medical Care is the world s largest integrated provider of products and
services for individuals undergoing dialysis because of chronic kidney failure,
a condition that affects more than 1,600,000 individuals worldwide. Through its
network of 2,297 dialysis clinics in North America, Europe, Latin America,
Asia-Pacific and Africa, Fresenius Medical Care provides dialysis treatment to
177,059 patients around the globe. Fresenius Medical Care is also the world s
leading provider of dialysis products such as hemodialysis machines, dialyzers
and related disposable products. Fresenius Medical Care is listed on the
Frankfurt Stock Exchange (FME, FME3) and the New York Stock Exchange (FMS,
FMS/P).For more information about Fresenius Medical Care visit the Company s
website at www.fmc-ag.com.
This release contains forward-looking
statements that are subject to various risks and uncertainties. Actual results
could differ materially from those described in these forward-looking
statements due to certain factors, including changes in business, economic and
competitive conditions, regulatory reforms, foreign exchange rate fluctuations,
uncertainties in litigation or investigative proceedings, and the availability
of financing. These and other risks and uncertainties are detailed in Fresenius
Medical Care AG & Co. KGaA s reports filed with the U.S. Securities and
Exchange Commission. Fresenius Medical Care AG & Co. KGaA does not undertake any
responsibility to update the forward-looking statements in this release.