Fresenius SE & Co. KGaA (FSNUF) Q2 2023 Earnings Call Transcript


Fresenius SE & Co. KGaA (OTCPK:FSNUF) Q2 2023 Earnings Conference Call August 2, 2023 7:30 AM ET

Company Participants

Markus Georgi – Senior Vice President of Investor Relations

Michael Sen – Chief Executive Officer

Sara Hennicken – Chief Financial Officer

Conference Call Participants

Veronika Dubajova – Citi

Hassan Al-Wakeel – Barclays

James Vane-Tempest – Jefferies

Graham Doyle – UBS

Hugo Solvet – BNP

Robert Davies – Morgan Stanley

Oliver Metzger – ODDO BHF

Falko Friedrichs – Deutsche Bank

Richard Felton – Goldman Sachs

Markus Georgi

Thank you, and good morning, good afternoon, depending on your time zone. Thanks, everybody, for joining us today. It’s my pleasure to welcome all of you to our second quarter 2023 earnings call. With me on the call today our CEO, Michael Sen; and CFO, Sara Hennicken.

Before we start, I would like to draw your attention to the cautionary language that is included in our safe harbor statement on Page 2 of today’s presentation.

And without any further ado, I hand it over to you, Michael. The floor is yours.

Michael Sen

Thank you, Markus. Hi, everybody, a warm welcome. This is Michael. Sara and I are going to go through the strategic, operational and financial highlights for the second quarter and the first half, and then we will take your questions. Without doubt, Fresenius had an eventful second quarter and first half. You clearly see marked progress in every part of our future Fresenius program. We continue to deliver consistently improving performance. Kabi and Helios delivered great numbers, both year-on-year and sequentially. The simplification process is moving ahead as we said it would, full support at the EGM in July. Now both companies can move ahead more quickly with their strategies and in delivering value.

The challenges at Vamed are being addressed quickly



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