FMC’s Q2 figures are characterised by various counter effects. The stronger euro and the implementation of the new IFRS 15 standard, which caused some issues at the top-line as well as at the cost level, were offset by the one-off divestment gain of the Care Coordination activities. Stripping the latter’s effect out, profitability would have clearly suffered. The figures were below our expectations, but consensus was beaten on many levels.
31 Jul 2018
Tohu-bohu in Q2
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Tohu-bohu in Q2
Fresenius Medical Care AG (FME:WBO) | 0 0 0.7% | Mkt Cap: 26,769m
- Published:
31 Jul 2018 -
Author:
Martin Schnee -
Pages:
3
FMC’s Q2 figures are characterised by various counter effects. The stronger euro and the implementation of the new IFRS 15 standard, which caused some issues at the top-line as well as at the cost level, were offset by the one-off divestment gain of the Care Coordination activities. Stripping the latter’s effect out, profitability would have clearly suffered. The figures were below our expectations, but consensus was beaten on many levels.