Fresenius Medical Care Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Fresenius Medical Care (ETR:FME) Third Quarter 2024 Results

Key Financial Results

• Revenue: €4.76b (down 3.6% from 3Q 2023).
• Net income: €213.0m (up 153% from 3Q 2023).
• Profit margin: 4.5% (up from 1.7% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: €0.73 (up from €0.29 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fresenius Medical Care EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 4.2%. Earnings per share (EPS) exceeded analyst estimates by 7.4%.

Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Healthcare industry in Germany.

Performance of the German Healthcare industry.

The company's shares are down 1.5% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Fresenius Medical Care's balance sheet and an in-depth analysis of the company's financial position.

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