Earnings Release • Apr 30, 2013
Earnings Release
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Fresenius is a health care group providing products and services for dialysis, hospitals and the medical care of patients at home. In addition, Fresenius focuses on hospital operation, as well as on engineering and services for hospitals and other health care facilities. Approximately 170,000 employees have dedicated themselves to the service of health in about 100 countries worldwide.
| € in millions | Q1/2013 | Change | 2012 | Change |
|---|---|---|---|---|
| Sales and Earnings | ||||
| Sales | 4,890 | 11% | 19,290 | 18% |
| EBIT 1 | 696 | 5% | 3,075 | 20% |
| Net income (before special items) 2 |
224 | 12% | 938 | 22% |
| Earnings per ord. share in € (before special items) 2 |
1.26 | 2% | 5.42 | 15% |
| Balance sheet and cash fl ow | ||||
| Total assets | 31,311 | 2% | 30,664 | 17% |
| Non-current assets | 23,044 | 2% | 22,551 | 18% |
| Equity 3 | 13,298 | 4% | 12,758 | 21% |
| Equity ratio 3 | 43% | -- | 42% | -- |
| Net debt / EBITDA 4 | 2.57 | -- | 2.56 | -- |
| Investments 5 | 258 | -88% | 4,179 | 74% |
| Operating cash fl ow | 444 | -17% | 2,438 | 44% |
| Operating cash fl ow in % of sales |
9.1% | -- | 12.6% | -- |
| Profi tability | ||||
| EBIT margin 1 | 14.2% | -- | 15.9% | -- |
| Return on equity after taxes (ROE) 2 |
12.1% | -- | 12.3% | -- |
| Return on operating assets (ROOA) 1 |
10.9% | -- | 11.0% | -- |
| Return on invested capital (ROIC) 1 |
8.8% | -- | 9.0% | -- |
| Employees (Mar 31 / Dec 31) | 171,764 | 7% | 169,324 | 13% |
2013 adjusted for one-time integration costs of Fenwal Holdings, Inc. of €7 million. 2012 adjusted for one-time costs related to the offer to the shareholders of RHÖNKLINIKUM AG as well as for other one-time costs at Fresenius Medical Care.
2 Net income attributable to shareholders of Fresenius SE & Co. KGaA. 2013 adjusted for one-time integration costs of Fenwal of €5 million after tax. 2012 adjusted for a non-taxable investment gain and other one-time costs at Fresenius Medical Care as well as for one-time costs related to the offer to the shareholders of RHÖN-KLINIKUM AG.
3 Including noncontrolling interest
4 2013 and 2012 before special items 5 Investments in property, plant and equipment and intangible assets, acquisitions
SALES BY REGION
The operating business comprises the four business segments Fresenius Medical Care, Fresenius Kabi, Fresenius Helios and Fresenius Vamed, all of which are legally independent entities managed by the operating parent company Fresenius SE & Co. KGaA.
| 31% 1 | 100% | 100% | 77% |
|---|---|---|---|
| Fresenius Medical Care |
Fresenius Kabi |
Fresenius Helios |
Fresenius Vamed |
| 1 As of March 31, 2013 |
| € in millions | Q1 /2013 | Change | 2012 | Change | |
|---|---|---|---|---|---|
| Umsatz EBIT |
2.623 374 |
6 % -3 % |
10.741 1.813 |
19 % 22 % |
|
| Umsatz EBIT |
1.260 237 |
15 % 10 % |
4.539 934 |
15 % 16 % |
|
| Umsatz EBIT |
841 87 |
18 % 28 % |
3.200 322 |
20 % 19 % |
|
| Umsatz EBIT |
184 5 |
23 % 0 % |
846 51 |
15 % 16 % |
Q1 / 2013: €4.9 billion
| Ordinary share | |
|---|---|
| Securities code no. | 578 560 |
| ISIN | DE0005785604 |
| Ticker symbol | FRE |
| ADR CUSIP | 35804M105 |
| ADR Ticker symbol | FSNUY |
| Number of ordinary shares (March 31, 2013) | 178,271,131 |
| Market capitalization (March 31, 2013) | €17.2 billion |
| Issuer | ISIN | Volume in million |
Coupon | Matu rity |
|---|---|---|---|---|
| Fresenius Finance B. V. | XS0759200321 | €500 | 4.25% | 2019 |
| Fresenius Finance B. V. | XS0873432511 | €500 | 2.875% | 2020 |
| Fresenius US Finance II, Inc. | USU31436AD72 | US\$500 | 9.00% | 2015 |
| Fresenius US Finance II, Inc. | XS0390398344 | €275 | 8.75% | 2015 |
Bonds of Fresenius Medical Care can be found under www.fmc-ag.com\Credit Relations.
SHARE PERFORMANCE 1
| 1 month | + 2.3 % |
|---|---|
| 4 th quarter | + 10.6 % |
| 1 year | + 25.2 % |
| 5 years | + 78.7 % |
| 10 years | + 615.0 % |
Effective date / closing price: March 31, 2013
Targets 2013
Dates
1 Proposal
90
95
100
105
110
115
This release contains forward-looking statements that are subject to various risks and uncertainties. CONTACT 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 fl uctuations, uncertainties in litigation or investigative proceedings, and the availability of fi nancing. Fresenius does not undertake any responsibility to update the forward-looking statements in this release.
Fresenius SE & Co. KGaA
Registered Offi ce: Bad Homburg, Germany Commercial Register: Amtsgericht Bad Homburg, HRB 11852 Chairman of the Supervisory Board: Dr. Gerd Krick
General Partner: Fresenius Management SE
Registered Offi ce: Bad Homburg, Germany
Commercial Register: Amtsgericht Bad Homburg, HRB 11673 Management Board: Dr. Ulf M. Schneider (Chairman), Mats Henriksson, Dr. Francesco De Meo, Dr. Jürgen Götz, Rice Powell, Stephan Sturm, Dr. Ernst Wastler Chairman of the Supervisory Board: Dr. Gerd Krick
| Sales growth (in constant currency) | 7% – 10% |
|---|---|
| Net income 1 , growth (in constant currency) |
7% – 12% |
| Capital expenditure | ~ 5% of group sales |
1 Net income attributable to shareholders of Fresenius SE & Co. KGaA; 2013 adjusted for one-time integration costs of Fenwal, Inc. (~ € 50 million pre tax); 2012 adjusted for an investment gain and other one-time costs at Fresenius Medical Care as well as for one-time costs related to the offer to the shareholders of RHÖN-KLINIKUM AG.
For the outlook of the business segments please see the Investor News of April 30, 2013.
| Annual General Meeting, Frankfurt / Main | May 17, 2013 |
|---|---|
| Payment of dividend 1 | May 20, 2013 |
| Report on 1st half 2013 | July 30, 2013 |
| Report on 1st – 3rd quarter 2013 | November 5, 2013 |
| 1 Subject to prior approval by the Annual General Meeting |
Else-Kröner-Straße 1, 61352 Bad Homburg v. d. H. e-mail: [email protected] Internet: www.fresenius.com
Senior Vice President Investor Relations Telephone: ++49 61 72 6 08-24 85 Telefax: ++49 61 72 6 08-24 88
Leslie Iltgen Vice President Investor Relations Telephone: ++49 61 72 6 08-44 78 Telefax: ++49 61 72 6 08-24 88
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