Investor Presentation • Mar 7, 2009
Investor Presentation
Open in ViewerOpens in native device viewer
This presentation contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of clinical trials, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. Fresenius does not undertake any responsibility to update the forward-looking statements contained in this presentation.
Group financial results before APP-transaction-related special items – for a reconciliation to EBIT and net income see page 22
| / F Y 2 0 0 8 |
F i F i r e s e n u s r e s e n u s M d i l C K b i e c a a r e a |
F i r e s e n u s H l i e o s |
F i r e s e n u s V d a m e |
|
|---|---|---|---|---|
| l S a e s G h t o r w |
\$ U S 1 0 6 1 2 m , 9 % |
€ 2 9 4 5 m , 2 3 % |
€ 2 1 2 3 m , % 1 5 |
€ 2 5 4 m 2 8 % |
| E B I T h G t o r w |
\$ U S 1 6 7 2 m , 6 % |
€ 3 4 4 m 3 3 % |
€ 1 7 5 m 3 % 1 |
€ 3 0 m % 1 5 |
*not consolidated; related fees included in financial statements
CHMP → EMEA's Committee for Medicinal Products for Human Use EC →European Commission
Successful integration of APP Pharmaceuticals and Dabur Pharma
Launch of Fresenius Biotech's first cancer product
Address turbulent economic environment with commercial prudence, secure financing and improving balance sheet ratios
| T t a r g e |
l R t e s u |
||
|---|---|---|---|
| R e e n e v u t t t a c o n s a n c u r r e n c y |
9 0 % * 5 1 5 – |
% * 1 1 |
|
| h N i t t h N i e t n c o m e g r o w t ( ) e n c o m e g r o w c c t t t a c o n s a n c e n c u r r y |
* 1 0 1 5 % – |
* 1 3 % |
|
| C a p e x |
€ 7 5 0 m ~ |
€ 7 6 4 m |
| b F i K i e s e n s a r u ( l. h l ) A P P P i t e x c a r m a c e u c a s |
l h ( ) S t a e s g o c c r w E B I T i m a r g n |
1 2 1 5 % – d f t a u p p e r e n o r a n g e 6 % 1 5 ~ |
|---|---|---|
| l F i H i e s e n s e o s r u |
l S a e s E B I T |
€ 2 0 5 0 2 1 0 0 m – , , 6 0 0 € 1 1 7 m – f d t a p p e e n o a n g e u r r |
| d F i V r e s e n u s a m e |
l h S t a e s g r o w h E B I T t g o r w |
2 0 1 5 % – 0 % 1 > |
| h F i B i t e e n o e r s u s c |
E B I T |
€ 0 4 5 5 t o m - - |
| € m |
/ Q 4 0 8 |
/ F Y 0 8 |
/ F Y 0 l t a c u a t r a e s |
8 Y Y o t t c o n s a n t r a e s |
R k e m a r s |
|---|---|---|---|---|---|
| S l a e s |
3 5 7 5 , |
2 3 3 6 1 , |
9 % |
3 % 1 |
h O i 8 % t g a n c g o r r w : |
| E B I T |
8 5 1 |
2 1 7 7 , |
% 7 |
% 1 1 |
l. € 8 I n c m f i i A P P t t a m o r z a o n o i i b l t t n a n g e a s s e s |
| l I t t t n e e s e s r r u |
1 6 0 - |
4 3 1 - |
1 7 % - |
2 0 % - |
l d b M i i t a n y m p a c e y d b A P P D a n a u r |
| T a x e s |
1 1 5 - |
4 4 2 - |
1 % |
3 % - |
3 % T t 4 1 a x r a e : |
| N i t e n c o m e |
2 6 1 |
0 4 5 |
0 % 1 |
3 % 1 |
| € m |
2 0 0 8 |
2 0 0 7 |
O i r g a n c G h t r o w |
|---|---|---|---|
| f h I i T n s o n e a p u r y |
6 8 3 |
6 8 3 |
8 % |
| I V D g s r u |
5 6 3 |
2 5 3 |
1 1 % |
| l l C i i N i i t t n c a u r o n |
8 4 5 |
7 2 9 |
1 0 % |
| d l / M i D i e c a e v c e s f h l T i T r a n s u s o n e c n o o g y |
4 0 4 |
3 6 5 |
8 % |
| l l T t o a s a e s |
2 4 9 5 , |
2 0 3 0 , |
% 9 |
| € m |
2 0 0 8 |
2 0 0 7 |
O i r g a n c G h t r o w |
|---|---|---|---|
| E o p e u r |
9 9 1 4 , |
3 6 1 4 , |
% 5 |
| h N A i t o r m e r c a |
3 3 6 |
2 1 1 |
9 % |
| f A i P i i s a a c c - |
3 8 1 |
3 1 1 |
2 1 % |
| f / L i A i A i t a n m e a a r c r c |
2 9 7 |
2 3 4 |
3 % 1 |
| T l l t o a s a e s |
2 4 9 5 , |
2 0 3 0 , |
9 % |
| € m |
2 0 0 8 |
2 0 0 7 |
G h t r o w |
|---|---|---|---|
| E u r o p e M i a g n r |
3 2 3 2 1 5 % |
2 9 4 2 1 6 % |
1 0 % |
| h N A i t o r m e r c a M i a r g n |
8 7 2 5 9 % |
1 4 1 1 6 % |
- - |
| f / / f i i i i i i A P L t A A s a a c c a n m e c a c a r r - M i a r g n |
1 1 3 % 1 7 1 |
9 9 8 2 % 1 |
1 % 4 |
| d & C C R D t t o r p o r a e a n o r p o r a e |
8 0 - |
7 5 - |
% 7 |
| T l E B I T t o a |
4 4 3 |
3 3 2 |
% 3 3 |
| M i a r g n |
1 7 8 % |
1 6 4 % |
| i f l i Y t e a r s n p o r o o |
||||||||
|---|---|---|---|---|---|---|---|---|
| 1 < |
1 | 2 | 3 | 4 | 5 | 5 > |
T l t o a |
|
| f N l i i o o c n c s |
1 | 4 | 7 | - | 2 | 1 | 2 3 |
3 8 |
| ( ) R € e e n e m v u |
1 2 |
2 2 0 |
1 5 7 |
- | 8 2 7 |
4 6 |
1, 1 6 0 |
8 1, 7 3 |
| T t a r g e |
||||||||
| ( ) E B I T D A i % m a g n r |
n a |
3 0 |
6 0 |
9 0 |
1 2 0 |
1 5 0 |
1 5 0 |
|
| ( ) E B I T D A € m |
6 6 |
9 4 |
- | 3 3 4 |
6 9 |
1 7 4 0 |
2 3 0 3 |
|
| R d t e p o r e |
||||||||
| ( ) E B I T D A i % m a g n r |
0 8 |
1 6 - |
7 6 |
- | 9 8 |
1 0 5 |
1 6 2 |
1 2 2 |
| ( ) E B I T D A € m |
0 1 |
3 6 - |
1 2 0 |
- | 2 7 3 |
4 8 |
1 8 8 1 |
2 2 8 7 |
| f l N i i t t > o o c n c s a g e r |
1 | 5 | - | 1 | - | 2 1 |
2 8 |
|
| f l N i i t t < o o c n c s a g e r |
3 | 2 | - | 1 | 1 | 2 | 9 | |
| I F R S |
| \$ m |
Y r s |
S d p r e a |
2 C o p o n u |
|
|---|---|---|---|---|
| d d l S i t n c a e o a n y : l d f l R i i t i i t e v o v n g c r e a c y - T L A e r m o a n - 1 T L B e r m o a n - |
2 0 0 0 0 0 1 , 0 0 1 5 |
5 5 6 |
2 8 % 7 5 2 8 % 7 5 3 % 5 |
3 3 2 % 6 9 % 5 6 % 7 5 |
| O h b i t e r o r r o w n g s S i N t e n o r o e s |
, 1 5 5 6 5 0 |
6 5 |
1 0 4 0 % |
|
| d M t a n a o r y h b l d E B x c a n g e a e o n |
8 7 1 |
3 | 3 5 6 3 % |
|
| l T t o a l C i i t a p a n c e a s e r |
4 3 7 6 , 4 5 4 |
1thereof in € 200 million
2based on current Libor incl. interest rate hedges
3all-in costs > 8 %
| € m |
E B I T |
/ F Y 0 8 O h t e r f i i l n a n c a l t r e s u |
N t e i n c o m e |
E B I T |
/ Q 3 0 8 O h t e r f i i l n a n c a l t r e s u |
N t e i n c o m e |
|---|---|---|---|---|---|---|
| i d j d E t a r n n g s a u s e , |
1 7 2 7 , |
4 5 0 |
1 2 0 9 , |
3 2 4 |
||
| h d P i j t t t c a s e a c c o n n g a s m e n s u r u u : & I R D n -p r o c e s s - I t t n e n o s e p p v r y -u - |
2 2 7 - 3 5 - |
2 2 7 - 2 2 - |
1 7 5 - 9 - |
1 7 5 - 5 - |
||
| F X i g a n |
5 7 |
4 1 |
2 8 |
2 0 |
||
| h f l l O i i t t e r n a n c a r e s u : ( k k ) M E B i t t t a c c o n n g m a o m a e u r r - ( k k ) C V R i t t t a c c o u n n g m a r o m a r e - f * O i i i t n e m e n a n c n g e p e n s e s x - - |
2 8 7 5 3 5 - |
2 0 7 5 2 2 - |
3 8 - 3 6 3 2 - |
2 7 - 3 6 2 0 - |
||
| E i d i U S G A A P t a r n n g s a c c o r n g o - |
1 4 7 7 , |
2 7 0 |
1 0 5 3 , |
1 5 3 |
* In addition, € 73 m transaction-related financing expenses have been capitalized and will be depreciated over the life of the facility. The special items are included in the segment "Corporate/Other".
| € m |
Q / 4 0 8 |
/ F Y 0 8 |
Y Y o |
k R e m a r s |
|---|---|---|---|---|
| h f l C a s o w |
4 7 0 |
1 4 4 5 , |
1 8 % |
|
| C h k l i i i t a n g e n w o r n g c a p a |
6 4 - |
2 6 7 - |
-- | |
| h k k C i t t a n g e n m a o m a e r r l i d C t M E B V R v a u a o n a n |
8 6 - |
9 5 - |
||
| O i C h f l t p e r a n g a s o w |
3 3 8 |
1 0 7 4 , |
% 1 7 - |
i 8 % M 7 a r g n : |
| C ( ) t a p e x n e |
2 0 4 - |
3 6 7 - |
% 1 1 - |
|
| C h f l a s o w ( b f d d d d ) i i i i i t e o e a c q s o n s a n e n s r u v |
9 8 |
3 3 8 |
4 7 % - |
|
| A i i i t ( ) t c q u s o n s n e |
8 2 - |
2 9 5 7 - , |
-- | l M i A P P a n y |
| i i d d D v e n s |
1 0 - |
2 4 5 - |
2 0 % |
|
| h f l F C e e a s o r w ( f d d d d ) i i i i i t t a e a c q s o n s a n e n s r u v |
6 + |
2 8 6 4 - , |
-- |
Debt excludes Mandatory Exchangeable Bonds
* Pro-forma APP acquisition and before special items
| 2 0 0 9 O l k t o o u |
M i d O l k t t e r m o o u - |
||
|---|---|---|---|
| F i r e s e n u s K b i a |
l h S t a e s g o r w * E B I T i m a r g n |
2 5 3 0 % t t t a c o n s a n c e n c u r r y – 9 2 0 % 1 5 5 – |
8 1 0 % i o g a n c r – 9 2 % 1 1 – |
| O l k 2 0 1 0 t u o o |
|||
| F i r e s e n s u H l i e o s |
l S a e s E B I T |
2 3 b € > n € 1 8 0 2 0 0 m – |
2 b € 5 n |
| M i d O l k t t e r m u o o - |
|||
| i F r e s e n u s V d a m e |
l h S t a e s g o r w h E B I T t g r o w |
5 1 0 % – 0 % 5 1 – |
5 1 0 % i o g a n c r – 6 % E B I T i 5 m a r g n – |
* Translation effects may impact Fresenius Kabi's margin as APP provides a significant earnings contribution from the US\$ area. This guidance is based on the US\$/€ exchange rate from early 2009.
| G i d 2 0 0 9 a n c e u |
|
|---|---|
| h R t e e n e g o v u r w t t t a c o n s a n c e n c u r r y i o r g a n c |
0 % 1 > 6 8 % – |
| h * N i t t e n c o m e g r o w t t t a c o n s a n c u r r e n c y |
1 0 % ~ |
| C a p e x |
0 0 0 € 7 7 5 m ~ – |
* before special items due to MEB and CVR accounting
Calculation as of Dec. 31, 2008: Δ between average of initial 5 days trading price of US\$ 0.97 and trading price at Dec. 31, 08 of US\$ 0.35 multiplied by 163.3 million CVRs = US\$ 101 million = € 75 million. In the B/S, the CVR liability was reduced from initially € 110 million to € 41 million.
| € m |
/ F Y 0 8 |
/ F Y 0 7 |
|---|---|---|
| b f d E i i i i t t t t a r n n g s e o r e a x a n m n o r y n e r e s |
1 1 1 4 , |
2 1 4 1 , |
| T e a x s |
0 4 4 - |
8 4 4 - |
| h f M i i i t t t, t n o n e e s e e o r y r r |
4 0 4 - |
3 8 3 - |
| d l F i M i C i t t e s e n s e c a a e n e n c o m e n o r u r b b l ( 6 % ) i F i 4 t t t t a r u a e o r e s e n u s ~ |
3 5 6 - |
3 3 5 - |
| i i i h l d i i d i l C M t t t F M n o r y n e r e s o e r s n r e s e n u s e c a a r e ( / \$ / \$ d F Y 2 0 0 7 U S 2 6 F Y 2 0 0 8 U S 2 9 i : m : m a c c o r n g , F i M d i l C 's F i i l S ) t t t t o e e n e e n n e m e n r s u s c a a r a c a a s |
2 0 - |
9 1 - |
| h l d b M i i i i F i K i, t t t n o n e e s o e s n e s e n s a r y r r r u l h d d F i H i F i B i t t r e s e n u s e o s r e s e n u s o e c a n u e o , d 's l h F i V 2 3 % i t r e s e n u s a m e e x e r n a o w n e r s p |
2 8 - |
2 9 - |
| i N t e n c o m e |
2 0 7 |
0 4 1 |
* based on utilization of major financing instruments; excl. Fresenius Medical Care's Accounts Receivable Facility
| € m |
2 0 0 8 |
2 0 0 7 |
O i r g a n c G h t r o w |
|---|---|---|---|
| S l a e s |
2 9 4 5 , |
2 0 3 0 , |
9 % |
| d B P S t t y r o u c e g m e n : |
|||
| f h I i T n s o n e a p u r y |
0 1 4 1 , |
0 6 1 7 , |
6 % |
| l l C i i N i i t t n c a u r o n |
9 4 5 |
8 3 1 |
1 0 % |
| f h l T i T a n s s o n e c n o o g r u y |
1 4 9 |
1 2 3 |
2 2 % |
Presentation according to previous reporting structure
| € m |
2 0 0 8 |
2 0 0 7 |
C h a n g e |
O i r g a n c G h t r o w |
|---|---|---|---|---|
| G e m n r a y |
3 4 5 |
3 4 4 |
0 % |
3 % |
| E o p e u r G e e m a n x r y |
0 6 1 4 , |
9 3 0 |
% 1 4 |
% 7 |
| f i i i A P s a a c c - |
3 8 1 |
3 1 1 |
2 3 % |
2 % 1 |
| L i A i t a n m e r c a |
8 1 4 |
3 1 4 |
2 9 % |
% 1 4 |
| R W o |
4 3 1 |
2 1 2 |
1 0 3 % |
1 0 % |
| l l T t o a s a e s |
2 9 4 5 , |
2 0 3 0 , |
2 3 % |
9 % |
Presentation according to previous reporting structure
| € m |
2 0 0 8 |
2 0 0 7 |
G h t r o w |
|---|---|---|---|
| l T E B I T t o a M i a r g n |
4 4 3 8 1 7 % |
3 3 2 1 6 4 % |
3 3 % |
| i B R y e g o n : |
|||
| E o p e u r M i a g n r |
3 2 3 2 1 5 % |
2 9 4 2 1 6 % |
1 0 % |
| l I i t t n e n a o n a r M i a r g n |
2 0 0 2 0 % 1 |
1 1 3 0 % 1 7 |
7 7 % |
| d C C R & D t t o p o a e a n o p o a e r r r r |
8 0 - |
7 5 - |
7 % - |
Presentation according to previous reporting structure
| € m |
2 0 0 8 |
2 0 0 7 |
R k 2 0 0 8 e m a r s |
|---|---|---|---|
| l S a e s C f d l d t o s o g o o s s o |
2 4 9 5 , 1 3 9 2 - , |
2 0 3 0 , 3 1 1 7 - , |
9 % i h t o r g a n c g r o w |
| f G i t o s s p o r r % |
3 1 1 0 , 2 4 4 |
8 9 3 0 4 4 |
|
| S G & A % |
5 5 1 - 2 2 1 |
4 7 5 - 2 3 4 |
|
| & R D e p e n s e s x % |
0 9 1 - 4 4 |
8 6 - 2 4 |
|
| E B I T D A |
5 4 4 |
0 8 4 |
|
| i % m a g n r |
2 1 8 |
2 0 1 |
| € m |
2 0 0 8 |
2 0 0 7 |
R k 8 2 0 0 e m a r s |
|---|---|---|---|
| E B I T % i m a r g n |
4 4 3 8 1 7 |
3 3 2 6 1 4 |
|
| N i t t t e n e e s r |
1 4 5 - |
9 4 - |
l d f M i A P P i i t n e o n n n g a y u a c |
| b f E i t a r n n g s e o r e a x e s d i i i t t t a n m n o n e e s s r y r |
2 9 8 |
2 8 3 |
|
| I t n o m e e c a x s T % t a x r a e |
8 8 - 2 9 5 |
8 8 - 3 1 1 |
|
| M i i i t t t n o n e e s s r y r |
1 0 - |
1 2 - |
|
| N i t e n c o m e |
2 0 0 |
8 3 1 |
| € m |
2 0 0 8 |
2 0 0 7 |
k R 2 0 0 8 e m a r s |
|---|---|---|---|
| N i t e n c o m e ( l. ) i i i t i t t n c m n o n e e s s r y r |
2 1 0 |
1 9 5 |
|
| / D i i i i t t t e p r e c a o n a m o r z a o n |
1 0 1 |
6 7 |
|
| h k l C i i i t a n g e n w o r n g c a p a |
1 0 6 - |
9 2 - |
|
| h f l f C i t a s o o m o p e a o n s w r r |
2 0 5 |
9 1 7 |
|
| M i % a g n r |
8 2 |
8 8 |
|
| C A P E X t n e , |
1 2 2 - |
2 1 1 - |
h 5 8 % 4 2 % t g o r w ; |
| h f l C a s o w b f d d d d i i t i i i e o r e a c q u s o n s a n v e n s |
8 3 |
6 7 |
i t m a n e n a n c e |
| i i i A t t c q s o n s n e u , |
2 9 3 7 - , |
6 1 5 - |
|
| h f l F ( b f d d d ) r e e c a s o w i i e o e e n s r v |
2 7 1 0 - , |
8 9 - |
| € m |
2 0 0 8 |
2 0 0 7 |
R k 2 0 0 8 e m a r s |
|---|---|---|---|
| b l A i t c c o u n s r e c e v a e |
6 0 9 |
8 6 4 |
( ) d D S O D 3 1, 2 0 0 8 8 0 e c a s : y |
| I i t n e n o e s v r |
5 0 7 |
3 6 2 |
S O ( 3 2 0 0 8 ) 2 9 d I D 1, 1 e c : a y s |
| d F i t e e x a s s s |
4 6 9 5 , |
9 3 1 1 , |
d l l ( ) G i D 3 1, 2 0 0 8 € 3 5 2 6 o o e c m w : , |
| h O t t e a s s e s r |
4 2 9 |
2 6 9 |
|
| T l t t o a a s s e s |
6 2 4 0 , |
2 3 1 0 , |
|
| b D t e |
8 8 4 2 , |
2 1 1 1 , |
|
| h l b l O i i i i t t e r a e s |
9 5 6 |
6 4 1 |
|
| E i t q ( l. ) u y i i i i t t t n c m n o n e e s s r y r |
9 9 6 |
8 5 4 |
|
| T l l i b i l i i d t t o a a e s a n h h l d ' i t s a r e o e r s e q u y |
6 2 4 0 , |
2 3 1 0 , |
| € m |
2 0 0 8 |
2 0 0 7 |
G h t r o w |
|---|---|---|---|
| f b l h d l l E i i i i t t s a s e n p o o o c c r |
1 9 2 1 , |
1 8 3 5 , |
5 % |
| A i i i t c q u s o n s ( l i d i 1 ) t < c o n s o a o n y r |
2 0 2 |
– – |
|
| D i i t t ( d l d ) v e s u r e s i i 1 t < e o n o o n c s a y r |
– – |
6 | |
| l l T t o a s a e s |
2 2 3 1 , |
8 1 4 1 , |
% 1 5 |
| € m |
2 0 0 8 |
2 0 0 7 |
G h t r o w |
|---|---|---|---|
| b l h d l f l E i i i i t t s a s e c n c p o o o r M i a g n r |
8 1 1 9 % 4 |
1 5 4 8 % 4 |
8 1 % |
| A i i i t c q u s o n s ( l i d i 1 ) t < c o n s o a o n y r |
6 - |
– – |
|
| D i i t t ( d l d ) v e s u r e s i i 1 t < e c o n s o a o n y r |
– – |
1 | |
| T l E B I T t o a |
1 7 5 |
1 5 5 |
% 1 3 |
| M i a r g n |
8 2 % |
8 % 4 |
| 2 0 0 8 |
2 0 0 7 |
C h a n g e |
|
|---|---|---|---|
| f h l N i t o o o s p a s l A i i t c e c n c s u - l P i i t- t o s a c u e c a r e c n c s - |
5 7 3 8 1 9 |
6 0 4 0 2 0 |
|
| f b d N o o e s l A t i i c u e c n c s - l P t- t i i o s a c e c a e c n c s u r - |
1 7 2 4 9 , 3 3 3 1 7 , 3 6 5 1 , |
1 7 1 9 2 , 3 3 3 3 1 , 3 8 9 5 , |
0 % 3 % 9 % - |
| d * i i A m s s o n s ( ) A i i t t t c e c a e n -p a e n u r - A b l ( i ) t t- t t m u a o r y c a r e o u p a e n - |
5 1 3 9 9 0 , 1, 4 1 8 3 2 5 , |
4 4 2 3 8 3 , 1, 1 2 7 6 1 3 , |
1 6 % 2 6 % |
| * O c c u p a n c y P t- t o s a c u e c a r e - |
8 3 % |
8 2 % |
|
| l h f ( d ) * A t t e a g e e n g o s a a s v r y y A t c e c a e u r - P t- t o s a c e c a e u r - |
7 1 3 0 1 |
7 1 3 1 9 |
* Clinics in Germany
2 Hospitals Northeim County € ~50 m closed in Feb '09 (Lower Saxony) 3 Hospitals Mansfeld-Südharz € ~86 m closed in Feb`09 (Saxony Anhalt)
4 Hospitals in Czech Republic € ~24 m in 2008 transferred to VAMED as of Oct 1, 2008
Hospital Oberhausen (NRW) € ~20 m consolidated as of Apr 1, 2007 Hospital Lengerich (NRW) € ~12 m consolidated as of Apr 1, 2007 Municipal hospitals, Krefeld and Hüls € ~175 m consolidated as of Dec 31, 2007 Hospital Mariahilf, Hamburg € ~26 m consolidated as of Aug 1, 2008
| € m |
2 0 0 8 |
2 0 0 7 |
k R 2 0 0 8 e m a r s |
|---|---|---|---|
| l S a e s |
2 1 2 3 , |
8 1 4 1 , |
|
| O i t p e r a n g e x p e n s e s : l d b f S i i t a a r e s w a g e s a n e n e s , |
1 2 4 6 , |
1 0 9 0 , |
|
| S l i u p p e s |
4 3 0 |
3 4 2 |
|
| i i / i i D t t t e p e o n m o o n r c a a r z a |
7 6 |
6 5 |
f l d / l d K H r e e u e s a n |
| h O t e s r |
9 1 6 |
8 9 1 |
l h l B i B i i e r n u c c n c s - |
| E B I T D A M i % a r g n |
2 5 1 1 1 8 |
2 2 0 1 2 0 |
|
| E B I T M i % a r g n |
1 7 5 8 2 |
1 5 5 8 4 |
| € m |
2 0 0 8 |
2 0 0 7 |
R k 2 0 0 8 e m a r s |
|---|---|---|---|
| N i t t t e n e e s r |
0 6 - |
3 5 - |
b D i i i i t e n a c q s o n s r v y u |
| f b d E i t a n n g s e o e a e s a n r r x i i i t t t m n o r y n e r e s s |
1 1 5 |
0 2 1 |
|
| I t n o m e a e s c x T % t a x r a e |
2 3 - 2 0 0 |
2 8 - 2 7 5 |
f D G t t u e o e r m a n a x r e o r m |
| M i i i t t t n o r y n e r e s s |
1 2 - |
1 0 - |
|
| i N t e n c o m e |
8 0 |
6 4 |
| € m |
2 0 0 8 |
2 0 0 7 |
R k 2 0 0 8 e m a r s |
|---|---|---|---|
| N i t e n c o m e ( l. ) i i i i t t t n c m n o n e e s r y r |
9 2 |
7 4 |
|
| / D i i i i t t t e p e c a o n a m o a o n r r z |
7 6 |
6 5 |
|
| C h k l i i i t a n g e n o n g a p a w r c |
5 7 |
6 3 |
|
| f f C h l i t o o m o p e o n a s w r r a s M i % a r g n |
2 2 5 1 0 6 |
2 0 2 1 1 0 |
|
| C A P E X t n e , |
1 3 1 - |
1 3 7 - |
|
| h f l C a s o w b f d d d d i i i i i t e o e a c q s o n s a n e n s r u v |
9 4 |
6 5 |
|
| A i i i t t c q s o n s n e u , |
3 | 8 7 - |
|
| f h l F e e a s o ( b f d d d ) r c w i i e o e e n s r v |
9 7 |
2 2 - |
| € m |
2 0 0 8 |
2 0 0 7 |
R k 8 2 0 0 e m a r s |
|---|---|---|---|
| b l A i t c c o u n s r e c e v a e |
2 2 2 |
2 8 1 |
O ( 3 2 0 0 8 ) 3 8 d D S D 1, e c a s : y |
| l d i ( ) P t t t t r o p e r y p a n a n e q u p m e n n e , |
9 4 5 |
8 9 6 |
|
| d l l G i o o w |
1 5 3 7 , |
1 5 3 4 , |
l. d l l f h I i H E L I O S t n c g o o o m e w r 2 0 0 i i i i 5 t a c q s o n n u |
| h O t t e a s s e s r |
3 8 8 |
4 2 4 |
|
| T l t t o a a s s e s |
3 0 9 2 , |
3 0 2 7 , |
|
| b D t e |
0 9 0 1 , |
3 6 1 1 , |
f I l. d b H E L I O S i i i t t n c e r o m a c q u s o n i 2 0 0 5 n |
| O h l i b i l i i t t e r a e s |
7 1 9 |
0 9 7 |
|
| E i t ( i l. i i i ) t t t q u y n c m n o r y n e r e s |
1 2 8 3 , |
1 2 2 7 , |
E i i 4 1 5 % t t q a o u y r : |
| l l i b i l i i d T t t o a a e s a n h h l d i ' t s a r e o e r s e q u y |
3 0 9 2 , |
3 0 7 2 , |
| € m |
2 0 0 8 |
2 0 0 7 |
C h a n g e |
|---|---|---|---|
| b P j i t r o e c u s n e s s |
3 3 6 |
2 5 9 |
3 0 % |
| S b i i e r v c e u s n e s s |
1 8 8 |
1 4 9 |
2 6 % |
| l l T t o a s a e s |
2 5 4 |
8 4 0 |
2 8 % |
| * O d i k t r e r n a e |
2 4 5 |
3 9 5 |
8 % |
| * O d b k l r e r a c o g |
5 7 1 |
5 1 0 |
% 1 2 |
* project business only
| € m |
2 0 0 8 |
2 0 0 7 |
C h a n g e |
|---|---|---|---|
| b P j i t r o e c u s n e s s i M a r g n |
1 5 4 5 % |
1 7 6 6 % |
2 % 1 - |
| b S i i e c e s n e s s r v u M i g n a r |
1 5 8 0 % |
9 6 0 % |
6 7 % |
| l T E B I T t o a |
3 0 |
2 6 |
% 1 5 |
| M i a r g n |
% 5 7 |
6 4 % |
|
| i N t e n c o m e |
2 6 |
2 3 |
% 1 3 |
| € m |
2 0 0 8 |
2 0 0 7 |
R k 8 2 0 0 e m a r s |
|---|---|---|---|
| l S a e s |
5 2 4 |
0 8 4 |
h O i 2 5 % t g n g o r a c r w : |
| f d l d C t o s o g o o s s o |
4 3 9 |
3 3 6 |
|
| f G i t r o s s p r o % M i a r g n |
8 5 1 6 2 |
7 2 6 1 7 |
|
| S G & A f l % o s a e s |
5 5 1 0 5 |
6 4 1 1 3 |
|
| E B I T D A i % M a r g n |
3 5 6 7 |
3 1 6 7 |
|
| E B I T M i % a g n r |
3 0 5 7 |
2 6 6 4 |
| € m |
2 0 0 8 |
2 0 0 7 |
R k 2 8 0 0 e m a r s |
|---|---|---|---|
| N i t t t e n e r e s |
6 | 6 | d I i t t t t n e e n o m e e o p e p m e n r s c u r a y s |
| b f E i t a r n n g s e o r e a x e s d i i i t t t a n m n o n e e s s r y r |
3 6 |
3 2 |
|
| I t n c o m e a e s x T % t a a e x r |
1 0 2 7 0 |
9 2 7 1 |
|
| M i i i t t t n o r y n e r e s s |
0 | 0 | |
| N i t e n c o m e |
2 6 |
2 3 |
|
| ( b f ) R O E % t e o e a e s r x |
2 2 2 |
2 2 9 |
| € m |
2 0 0 8 |
2 0 0 7 |
k R 2 0 0 8 e m a r s |
|---|---|---|---|
| N i t e n c o m e ( l. ) i i i t i t t n c m n o r y n e r e s |
2 6 |
2 3 |
|
| / D i i i i t t t e p e c a o n a m o a o n r r z |
5 | 5 | |
| h k l C i i i t a n g e n o n g c a p a w r |
4 - |
4 4 |
L t i o w e r p r e p a y m e n s n j b i t r o e c u s n e s s |
| h f l f C i t a s o o m o p e a o n s w r r M i % a g n r |
2 7 5 2 |
7 2 1 7 6 |
p |
| C A P E X t n e , |
4 - |
4 - |
|
| h f l C a s o w b f i i i d d i i d d t e o r e a c q u s o n s a n v e n s |
2 3 |
6 8 |
|
| A i i i t t c q s o n s n e u , |
2 2 - |
5 - |
i l l i i i C h i M 4 a n y c n c s n z e c a d i f i a n e x p a n s o n o s e r v c e |
| h f l F e e c a s o ( b f d d d ) r w i i e o r e v e n s |
1 | 6 3 |
b i u s n e s s |
| € m |
2 0 0 8 |
2 0 0 7 |
R k 2 0 0 8 e m a r s |
|---|---|---|---|
| b l A i t c c o n s e c e a e u r v |
8 6 |
7 9 |
D S O ( D 3 1, 2 0 0 8 ) 5 9 d e c : a y s |
| l d P i t t t o p e p a n a n e q p m e n r r y u , |
2 6 |
1 3 |
|
| b l I i t t n a n g e a s s e s |
8 4 |
3 5 |
|
| O h t t e r a s s e s |
3 0 9 |
2 6 3 |
C h & C h l i t a s a s e q u v a e n s |
| T l t t o a a s s e s |
4 6 9 |
3 9 0 |
( 3 0 8 ) 6 3 D 1, € 1 e c m : |
| b D t e |
2 | 0 | |
| h l b l O i i i i t t e a e s r |
3 0 7 |
2 5 1 |
|
| E i t ( l. ) i i i i t t t q u y n c m n o n e e s r y r |
1 6 0 |
3 9 1 |
( ) E i R i D 3 1, 0 8 3 3 9 % t t q a o e u y c : |
| T l l i b i l i i d t t o a a e s a n h h l d i t ' s a r e o e r s e q u y |
9 4 6 |
3 9 0 |
| € m |
2 0 0 8 S G U A A P |
2 0 0 8 S I F R |
|---|---|---|
| l S a e s |
1 2 3 3 6 , |
1 2 3 5 3 , |
| E B I T |
1 4 7 7 , |
1 7 6 0 , |
| l l F i i t n a n c a e s r u |
3 6 3 - |
3 3 6 - |
| * N i t e n c o m e |
2 7 0 |
5 2 9 |
| d d N i j t t e n c o m e a u s e , |
4 5 0 |
4 3 7 |
| f O i C h l t p e a n g a s o r w |
0 1 7 4 , |
0 8 0 1 , |
| l h l B t t t a a n c e s e e o a |
2 0 5 4 4 , |
2 0 8 2 6 , |
* Among others, acquired in-process R+D has to be expensed through the P&L at the closing of the transaction due to current US GAAP accounting principles. According to IFRS acquired in-process R&D is capitalized and partially amortized reflecting the lifespan of the products. ** Before special items
| d B i i G t g n r r u |
l S V P I R i F i S E t t n e s o e a o n s e s e n s v r r u |
|---|---|
| l h T e e p o n e : l i e m a : - |
4 9 6 1 7 2 6 0 8 2 4 8 5 + - d f B i i G @ i t g n e s e n s c o m r r u r u |
For further information and current news: http://www.fresenius.com
*Subject to approval by the AGM
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.