Fresenius Shares Fall After Guidance, Mid-Term Targets
22 Fevereiro 2022 - 6:27AM
Dow Jones News
By Giulia Petroni
Fresenius SE & Co. KGaA's shares fell on Tuesday after the
company released guidance for the current year and provided details
on its mid-term targets during the 2021 results report.
At 0846 GMT, shares traded 6% lower at EUR34.38.
The German healthcare company increased its savings target to at
least EUR150 million a year in 2023 from over EUR100 million
previously. However, it expects organic net profit growth at the
bottom end of the 5%-9% compound annual growth rate during the
2020-23 period, which, according to Jefferies, could signal
potential pressures.
Analysts at the bank expect the market to focus on guidance as
full-year results came in mostly in line with expectations.
Write to Giulia Petroni at giulia.petroni@wsj.com
(END) Dow Jones Newswires
February 22, 2022 04:12 ET (09:12 GMT)
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