FMC’s Q2 figures were dominated by the strong US figures, which benefited from the governmental cheque. The normal business did well and both effects combined led to a strong set of results, beating both our own and consensus expectations. One outstanding question: what will happen if the US CARES Act is not prolonged or is replaced by another subsidy as the pandemic remains at high tide in the US.
30 Jul 2020
Unexpectedly strong North America
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Unexpectedly strong North America
Fresenius Medical Care AG (FME:WBO) | 0 0 0.7% | Mkt Cap: 26,769m
- Published:
30 Jul 2020 -
Author:
Martin Schnee -
Pages:
3
FMC’s Q2 figures were dominated by the strong US figures, which benefited from the governmental cheque. The normal business did well and both effects combined led to a strong set of results, beating both our own and consensus expectations. One outstanding question: what will happen if the US CARES Act is not prolonged or is replaced by another subsidy as the pandemic remains at high tide in the US.