Fresenius SE & Co. KGaA

Earnings Release • Feb 25, 2003

News Details

Ad-hoc | 25 February 2003 07:32

Fresenius AG english

Fresenius Group – Financial Year 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– The Managing Board of Fresenius AG, Bad Homburg v.d.H., informs that the Group’s sales in the 2002 financial year increased by 3 % to 7,507 million euros. Changes in the currency conversion negatively affected sales: Calculated at the exchange rates of the previous year the sales increase amounted to 9 %. The EBIT grew by 10 % (currency-adjusted: 15 %) to 837 million euros (2001: before special charge for US legal issues: 762 million euros). Net income of the Fresenius Group rose to 134 million euros after 93 million euros (before special charge) in the 2001 financial year. This is equivalent to an increase of 44 % (currency-adjusted: 53 %). The impact from the US GAAP FAS rule 142 effective since January 1, 2002, whereby goodwill is no longer amortized, amounted to 152 million euros. If this effect is not taken into account, EBIT would have been 8 % (currency-adjusted: 4 %) and net income 12 % (currency-adjusted: 7 %) lower than the previous year’s figures. Earnings per share amounted to euros 3.27 (previous year before special charge: euros 2.29). The Managing Board will propose to the Supervisory Board to submit to the Annual General Meeting a joint resolution for a dividend increase. A dividend of euros 1.14 (2001: euros 1.03) per ordinary share entitled to dividend, and of euros 1.17 (2001: euros 1.06) per preference share entitled to dividend is to be paid. The Managing Board Bad Homburg v.d.H., February 25, 2003 end of ad-hoc-announcement (c)DGAP 25.02.2003 ——————————————————————————– WKN: 578560; ISIN: DE0005785604; Index: MDAX Listed: Amtlicher Markt in Düsseldorf, Frankfurt (Prime Standard) und München; Freiverkehr in Berlin, Hamburg und Stuttgart 250732 Feb 03