DGAP-Adhoc: Fresenius SE & Co. KGaA: Excellent start into 2011 − Fresenius raises 2011 sales and earnings outlook


Fresenius SE & Co. KGaA  / Key word(s): Quarter Results

04.05.2011 07:08

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Excellent start into 2011 − Fresenius raises 2011 sales and earnings
outlook

Group sales increased by 9% (7% in constant currency) to EUR3,962 million
(Q1 2010: EUR3,643 million). Organic sales growth was 6%. Acquisitions
contributed 1%, currency translation effects a further 2%.

Group EBIT increased by 15% (13% in constant currency) to EUR575 million
(Q1 2010: EUR501 million). The EBIT margin increased to 14.5% (Q1 2010:
13.8%).

Group net income* increased by 43% (39% in constant currency) to EUR170
million (Q1 2010: EUR119 million). Earnings per ordinary share increased by
41% to EUR1.05. Group net income** (including special items) reached EUR128
million or EUR0.79 per ordinary share.

Fresenius Group raises its sales and earnings guidance for 2011. The
company now expects sales growth of 7% to 8% and net income growth* of 12%
to 16%, both in constant currency. Previously, the company expected sales
growth of >=7% and net income growth* of 8% to 12%, both in constant
currency.

*  Net income attributable to Fresenius SE &  Co. KGaA; adjusted for the
effects of mark-to-market accounting of the Mandatory Exchangeable Bonds
(MEB) and the Contingent Value Rights (CVR) related to the acquisition of
APP Pharmaceuticals. Both are non-cash items.

**  Net income attributable to Fresenius SE & Co. KGaA

(Financial statements according to U.S. GAAP)

Fresenius SE & Co. KGaA, 
represented by Fresenius Management SE, 
Board of Management

Bad Homburg v.d.H., May 4, 2011
End of note


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Language:     English
Company:      Fresenius SE & Co. KGaA
              Else-Kröner-Straße 1
              61352 Bad Homburg v.d.H.
              Deutschland
Phone:        +49 (0)6172 608-2485
Fax:          +49 (0)6172 608-2488
E-mail:       ir-fre@fresenius.com
Internet:     www.fresenius.com
ISIN:         DE0005785604
WKN:          578560 
Indices:      DAX
Listed:       Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard),
              München; Freiverkehr in Berlin, Hamburg, Hannover, Stuttgart;
              Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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