Ad-hoc | 4 August 2004 07:26

Fresenius Medical Care reports Second Quarter 2004 results

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Fresenius Medical Care reports Second Quarter 2004 results Total revenue for the second quarter 2004 increased 14% (12% at constant currency) to US-Dollar 1,552 million. Dialysis Care revenue grew 15% to US- Dollar 1,127 million (14% at constant currency) in the second quarter of 2004. Dialysis Product revenue (excluding internal sales) increased 10% to US-Dollar 425 million (5% at constant currency) in the same period. Operating income (EBIT) for the second quarter 2004 was up 16% to US-Dollar 213 million. Net income in the second quarter 2004 was US-Dollar 101 million, an increase of 27% and a quarterly record for the company. Earnings per share (EPS) in the second quarter 2004 rose also 27% to US-Dollar 1.04 per ordinary share, compared to US- Dollar 0.82 in the second quarter of 2003. Net cash from operations increased 3% to US-Dollar 180 million in the second quarter 2004. Free Cash Flow after acquisitions was US-Dollar 116 million, up 7%. Total revenue for the first half 2004 increased 13% (10% at constant currency) to US-Dollar 3,011 million. Operating income (EBIT) for the first six months was up 16% to US-Dollar 411 million. Net income rose 28% to US-Dollar 192 million in the first half of 2004. Based on the strong performance in the first half of 2004 the company lifts its guidance for the full year 2004. The Company now expects high-single digit revenue growth (in constant currency) and the net income growth is now expected to be in the mid teens. Fresenius AG (WKN 578560, 578563) holds a majority interest in Fresenius Medical Care’s ordinary capital. Fresenius Medical Care AG, Board of Management, Bad Homburg v.d.H., August 4, 2004. end of ad-hoc-announcement (c)DGAP 04.08.2004 ——————————————————————————– WKN: 578580; ISIN: DE0005785802; Index: DAX Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin- Bremen, Düsseldorf, Hamburg, Hannover, München und Stuttgart 040726 Aug 04