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Fresenius Medical Care Reports Preliminary Second Quarter and First Six Months 2008 ResultsBad Homburg v.d.H, )
Net revenue $ 2,665 million+ 11%
Operating income (EBIT)$ 428 million+ 9%
Net income $ 209 million+ 17%
Summary First Half 2008 (preliminary):
Net revenue $ 5,177 million+ 10%
Operating income (EBIT)$ 816 million + 8%
Net income $ 395 million + 17%
Fresenius Medical Care AG & Co. KGaA ("the Company"), the world's largest provider of dialysis products and services, today announced preliminary results for the second quarter and the first six months of 2008. The disclosure of the Company's preliminary results on an accelerated basis has been triggered as a result of the announcement by Fresenius SE today.
Second Quarter 2008
Based on preliminary data, the total revenue for the second quarter 2008 increased by 11% (7% at constant currency) to $2,665 million. Operating income rose by 9% to $428 million. This very good performance was based on an operating margin of 16.1% compared to 16.3% for the same quarter in 2007. Net income in the second quarter 2008 was $209 million, an increase of 17%.
First Six Months 2008
Net revenue was $5,177 million, up 10% from the first six months of 2007. Adjusted for currency, net revenue rose by 6% in this period. Operating income rose by 8% to $816 million, resulting in an operating margin of 15.8% after 16.0% in the same period in 2007. In the first six months of 2008, net income was $395 million, up 17% from the first six months of 2007.
The final figures for the first half of 2008 and the outlook for the full year will be provided on July 30, 2008, as originally scheduled.
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