Fresenius raises full-year outlook after second-quarter meets expectations

FILE PHOTO: Fresenius headquarters in Bad Homburg near Frankfurt, Germany, February 27, 2018. REUTERS/Ralph Orlowski - Copyright RALPH ORLOWSKI(Reuters)

By Reuters

Published on 30/07/2019 - 08:04•Updated 19/04/2024 - 20:24

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(Reuters) - German healthcare group Fresenius <FREG.DE> raised full-year revenue targets on Tuesday as its adjusted second-quarter sales came in a touch above analysts' expectations.

The healthcare group said its second-quarter core operating profit (EBIT) fell by 5% to 1.08 billion euros (£991.67 million) on comparable basis, broadly in line with analysts' expectations in a Refinitiv poll.

For 2019, the company expects revenue growth between 4% and 7% in constant currency, compared to the previous range of 3% to 6%.

(Reporting by Zuzanna Szymanska in Gdynia; Editing by Tomasz Janowski; Editing by Tomasz Janowski)

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