Ad-hoc | 3 May 2006 07:32
Fresenius AG: First quarter 2006: Extremely strong start into fiscal year 2006
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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First quarter 2006:
Extremely strong start into fiscal year 2006
In the first quarter 2006, Group sales increased by 34 % to € 2,388 million
(Q1 2005: € 1,787 million). Organic growth was excellent, contributing 9 %
to revenue growth. Acquisitions contributed 18 %, in particular due to the
first-time consolidation of HELIOS Kliniken in the income statement.
Currency translation effects contributed 7 % to revenue growth.
Group EBIT rose 37 % at actual rates and 31 % in constant currency to € 291
million (Q1 2005: € 212 million).
Group net income grew significantly by 41 % at actual rates and by 35 % in
constant currency to € 65 million (Q1 2005: € 46 million). This result
includes one-time expenses of approximately € 13 million primarily for the
refinancing of debt as well as for expenses related to the stock option
accounting change.
Earnings per ordinary share rose to € 1.28 (Q1 2005: € 1.11) while earnings
per preference share rose to € 1.29 (Q1 2005: € 1.12). This is an increase
of 15 % for both share classes. Primarily due to the capital increase in
December 2005 the average number of shares grew to 50,785,222.
Based on the strong financial results for the first quarter, Fresenius
fully confirms its positive outlook for 2006 and expects an increase of
about 30 % in Group sales to approximately € 10.5 billion.
Net income is projected to grow by more than 30 % in constant currency. The
net income guidance already includes an amount of approximately € 30
million (after tax) associated with expected one-time expenses as well as
for expenses related to the stock option accounting change.
(Financial statements according to US-GAAP)
The Management Board
Bad Homburg v.d.H., May 3, 2006
(c)DGAP 03.05.2006
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language: English
emitter: Fresenius AG
Else-Kröner-Straße 1
61352 Bad Homburg v.d.H. Deutschland
phone: +49 (0)6172 608-2485
fax: +49 (0)6172 608-2488
email: ir-fre@fresenius.de
WWW: www.fresenius.de
ISIN: DE0005785638, DE0005785604
WKN: 578563, 578560
indexes: MDAX
stockmarkets: Amtlicher Markt in Frankfurt (General Standard), Düsseldorf,
München; Freiverkehr in Berlin-Bremen, Hamburg, Stuttgart
End of News DGAP News-Service
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