US: Fresenius and dialysis subsidiary FMC Select destinations

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The health company Fresenius expects worse business due to problems with the Dialys' subsidiary Fresenius Medical Care (FMC). FMC suffers from a stricter lack of personnel in the United States, which is likely to lead to capacity bottlenecks in health services.

Deutschlands größter Krankenhausbetreiber Fresenius kämpft seit längerem mit einem schwächeren Wachstum und den Folgen der Corona-Krise. © Arne Dedert/dpa Germany's largest hospital operator Fresenius has long been fighting with weaker growth and the consequences of the Corona crisis.

would also have increasing wages and material costs as well as disorders in the supply chain, the two DAX groups said. The medium -term goals are also no longer possible.

«At the end of the first quarter we expected a long -lasting labor shortage. At that time we could not refrain such a clear and quick tightening, »said Deputy FMC CEO Helen Giza. Personnel shortages, fluctuation and the increasing dependence on temporary workers had raised the costs. FMC reduced its forecasts for this year and is now expecting a decline in profits in the high ten percent area. Sales growth should also be weaker.

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Fresenius expects falling profit

The group mother cannot escape the problems, said CEO Stephan Sturm. Fresenius now expects currency -adjusted sales growth in low to medium single -digit percentage range this year. Fresenius sees the profit in a currency -adjusted manner and decreased before special influences. Because of the problems at FMC, Fresenius expects to no longer achieve his medium -term winning goal. FMC also withdrew the destinations by 2025.

The new FMC boss Carla Kriwet is scheduled to start on October 1st. It comes from the home appliance manufacturer BSH. CEO Rice Powell, who is retiring, will resign on September 30th.

Börsenwert collapsed

Fresenius, Germany's largest hospital operator, has long been fighting with weaker growth and the consequences of the Corona crisis. The pandemic mainly affects FMC because many kidney patients die from corona infections. The shares of both corporations collapsed. Fresenius has lost around two thirds of the IPO for over five years. There were several profit warnings. CEO Sturm has launched austerity programs and is also open to a group renovation.

Fresenius and FMC also presented preliminary figures for the second quarter. The sales of Fresenius rose 8 percent to a good 10 billion euros in the same period last year. The bottom line was 5 percent less profit with 450 million euros. At FMC, sales rose 10 percent to 4.75 billion euros. The profit collapsed by a third.

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