Fresenius Posts Healthy 3Q Net Profit, but Misses Forecasts

By Sonia Amaral RohterFeaturesDow Jones Newswires

Fresenius SE (FRE.XE) said Thursday that its third-quarter net profit increased 3.7% after a solid performance across all of its business segments.

The German health-care company reported quarterly net profit of 396 million euros ($460.5 million) for the three months ended Sept. 30, compared with EUR382 million the previous year. Revenue was up 12% at EUR8.3 billion.

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According to FactSet's consensus forecast, Fresenius had been expected to report net profit of EUR416 million and revenue of EUR8.31 billion.

Fresenius Medical Care AG (FME.XE)--a provider of dialysis products and services which is owned by Fresenius--also reported third-quarter results, with net profit growing to EUR309 million from EUR304 million and revenue rising 3% to EUR4.34 billion.

FactSet's consensus forecast for Fresenius Medical Care had net profit at EUR296 million and revenue at EUR4.43 billion.

Both companies have confirmed their 2017 outlook.

Write to Sonia Amaral Rohter at

(END) Dow Jones Newswires

November 02, 2017 03:16 ET (07:16 GMT)