Fresenius Medical Care, the world’s largest provider of dialysis products and services, expects significant sales and earnings growth in 2017. At the Annual General Meeting in Frankfurt today, CEO Rice Powell confirmed the full-year guidance: The company is targeting on a constant currency basis 8 to 10 percent revenue growth and an increase in net income of 7 to 9 percent.
Rice Powell also confirmed Fresenius Medical Care’s long-term financial goals: Revenue of €24 billion is targeted for 2020, corresponding to an average growth rate of about 10 percent. Over the same period, an annual, high single-digit percent increase in net income is also expected.
“Fresenius Medical Care is the world’s largest dialysis company,” Rice Powell said in his speech to the shareholders. “No one sells more dialysis products than we do. No company cares for more dialysis patients than we do. With Care Coordination, we are creating and expanding business areas that are geared towards offering patients comprehensive treatment beyond the dialysis clinic. New business areas like these will provide the foundations for enhanced growth.”
A large shareholder majority of 88.29 percent approved a 20 percent increase in the dividend, from €0.80 to €0.96, the company’s 20th consecutive dividend increase.
Shareholder majorities of 99.82 and 86.51 percent, respectively, approved the actions of the Management and Supervisory Boards in 2016.
At the Annual General Meeting, 76.82 percent of the subscribed capital was represented.
The next Annual General Meeting is scheduled for May 17, 2018.
Fresenius Medical Care is the world's largest provider of products and services for individuals with renal diseases of which around 3 million patients worldwide regularly undergo dialysis treatment. Through its network of 3,654 dialysis clinics, Fresenius Medical Care provides dialysis treatments for 310,473 patients around the globe. Fresenius Medical Care is also the leading provider of dialysis products such as dialysis machines or dialyzers. Along with the core business, the company focuses on expanding the range of related medical services in the field of Care Coordination. Fresenius Medical Care is listed on the Frankfurt Stock Exchange (FME) and on the New York Stock Exchange (FMS).
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.