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FSNUY Fresenius SE and Company KGaA (PK)

7.4405
-0.112 (-1.48%)
26 Jun 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Fresenius SE and Company KGaA (PK) USOTC:FSNUY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.112 -1.48% 7.4405 7.32 7.63 7.53 7.4405 7.53 44,836 21:23:30

Fresenius Shares Fall After Guidance, Mid-Term Targets

22/02/2022 9:27am

Dow Jones News


Fresenius SE and Company... (PK) (USOTC:FSNUY)
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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)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Fresenius SE and Company... (PK) Chart

1 Year Fresenius SE and Company... (PK) Chart

1 Month Fresenius SE and Company... (PK) Chart

1 Month Fresenius SE and Company... (PK) Chart

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