Germany's Fresenius reports revenue and profit miss for Q1
Fresenius Q1 2024 Financial Performance Overview
Revenue Results and Analyst Expectations
May 6 (Reuters) - Germany's Fresenius missed analysts' revenue expectations, hit by adverse currency exchange effects, as it reported first-quarter results on Wednesday.
The Hessian-based healthcare group reported quarterly revenue of 5.74 billion euros ($6.73 billion) before special effects, which was below analysts' average estimate of 5.81 billion euros in a Vara consensus poll.
Operating Profit and Market Reaction
Its operating profit before special effects was also below expectations at 678 million euros. Analysts were expecting 682 million euros on average.
Impact of Currency Exchange Rates
Fresenius joins several other European companies that have been hit by unfavourable currency exchange rates, as translating the weak U.S. dollar to euros became more expensive.
Outlook and Additional Information
The group confirmed its outlook for the 2026 financial year.
($1 = 0.8534 euros)
(Reporting by Tristan Veyet in Gdansk, editing by Milla Nissi-Prussak)


