Dialysis firm FMC tops market expectations in 1st quarter
May 6 (Reuters) - World's largest dialysis specialist Fresenius Medical Care (FMEG.DE), opens new tab reported first-quarter results above market expectations on Tuesday, as revenue grew organically in all its segments.
The German company's revenue was 4.88 billion euros ($5.53 billion) in the quarter, slightly above analysts' average estimate of 4.85 billion in a poll compiled by Vara Research. That was up from 4.73 billion euros in the same period in 2024.
Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.
Operating income adjusted for special items grew to 457 million euros from 403 million euros last year, beating analysts' expectations of 446 million euros.
While patient treatment in the U.S. took a hit from missed appointments in February due to high numbers of flu and cold cases, analysts were expecting those numbers to improve through March and April.
FMC, which made 67% of its quarterly revenue through dialysis procedures in the United States, said payments from medical insurers and favourable U.S. dollar to euro exchange rate offset the decrease in dialysis days.
The dialysis provider for 300,000 patients worldwide confirmed its guidance for 2025 and continues to expect market treatment growth in the U.S. to be more than 0.5% this year.
($1 = 0.8831 euros)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Reuters
3 hours ago
- Reuters
Tesla seeks to block city of Austin from releasing records on robotaxi trial
June 6 (Reuters) - Tesla is trying to prevent the city of Austin, Texas, from releasing public records to Reuters involving the EV maker's planned launch of self-driving robotaxis in the city this month. The news agency in February requested communications between Tesla and Austin officials over the previous two years. The request followed CEO Elon Musk's announcement in January that Tesla would launch fare-collecting robotaxis on Austin public streets. Austin public-information officer Dan Davis told Reuters on April 1 that 'third parties' had asked the city to withhold the records to protect their 'privacy or property interests.' Austin officials on April 7 requested an opinion on the news agency's request from the Texas Attorney General's office, which handles public-records disputes. On April 16, an attorney for Tesla (TSLA.O), opens new tab wrote the AG objecting to the release of 'confidential, proprietary, competitively sensitive commercial, and/or trade secret information' contained in emails between Tesla and Austin officials. The Tesla attorney wrote that providing the documents to Reuters would reveal 'Tesla's deployment procedure, process, status and strategy' and 'irreparably harm Tesla.' Tesla and the Texas Attorney General's office did not respond to Reuters' requests for comment. Neal Falgoust, who oversees public records issues for Austin's Law Department, said the city "takes no position on the confidential nature of the information at issue" but is required to seek the Attorney General's opinion when "a third-party asserts that their information is proprietary and should not be released." Musk has staked Tesla's future on self-driving vehicles he has promised for a decade but hasn't delivered, making Austin's robotaxi launch closely watched as a potential milestone. Some analysts and investors attribute the majority of Tesla's stock market value to hopes for robotaxis and humanoid robots it has yet to deliver. Little is known about Tesla's plans in Austin. The company has said it aims to initially deploy between 10 and 20 driverless robotaxis in restricted geographic areas of Austin, which it has not publicly identified. In an April 23 response to Tesla's letter, a Reuters lawyer wrote that Tesla's intent to deploy the unproven technology on Texas roadways makes its plans 'an issue of enormous importance to Texas and the public at large' and underscored the public's right to know. Falgoust, the Austin law department official, did not respond to questions about whether the public was entitled to information about Tesla's driverless technology. Texas state law requires the Attorney General's office to decide within 45 business days, which would be next week.
NBC News
4 hours ago
- NBC News
'No plans' for a Trump-Musk call to tamp down their feud, White House chief of staff says
WASHINGTON — President Donald Trump will not be calling billionaire Elon Musk on Friday after their feud exploded into public, White House chief of staff Susie Wiles. 'There are no plans for that today," Wiles told NBC News when asked about reporting by Politico that White House aides scheduled a call Friday with the billionaire Tesla CEO to try to patch things up between the two men. Trump is "not interested" in a call, a senior White House official told NBC News. White House press secretary said Trump is focused on the "One Big Beautiful Bill," the GOP domestic policy bill that Musk trashed, which triggered their falling out. "That's the mindset he left the Oval Office in yesterday," Leavitt said. A Trump administration official added, 'There could be anything — I'd like to de-escalate a very unfortunate situation. But there are no calls on the books, at least not now.' The spat began Thursday when Trump criticized Musk's recent attacks on the Republican policy measure over its estimated increase to the deficit, and turned into a full-scale blow-up that sent ripples through the halls of Congress and Tesla's stock prices. 'I'm very disappointed because Elon knew the inner workings of this bill better than almost anybody sitting here, better than you people,' Trump told reporters in the Oval Office during a bilateral meeting with German Chancellor Friedrich Merz. 'I'm very disappointed in Elon," Trump said. "I've helped Elon a lot.' Trump suggested that Musk, who earlier this week called the GOP bill a 'disgusting abomination,' was upset that the bill cut out a tax credit implemented by the Biden administration to incentivize electric vehicle purchases. Musk denied he was knowledgeable about the legislation. "False, this bill was never shown to me even once and was passed in the dead of night so fast that almost no one in Congress could even read it!" Musk wrote in a post to X. The two men spent the rest of the day Thursday lobbing insults at each other on their own social media platforms — Musk on X and Trump on Truth Social.
Daily Mirror
4 hours ago
- Daily Mirror
Spanish island 'sounds alarm' over tourist issue and it doesn't involve Brits
The Alcudia and Can Picafort hoteliers association has sounded the alarm that bookings on the island are down on last year, particularly among holidaymakers from Germany Germans are abandoning a beautiful holiday island beloved by Brits. Brits and Germans have long been among the biggest forces in European travel, both sharing similar tastes in sunshine resorts on the coast. It seems that our neighbours on the Continent are now growing a little tired of a well-worn holiday classic - Majorca. The Alcudia and Can Picafort hoteliers association has sounded the alarm that bookings on the island are down on last year, especially among travellers from Germany, their principal markets. Bar and restaurant takings were down by between 15 and 20 percent compared to last year, which is a significant blow for an industry already struggling. The president of the Association, Pablo Riera-Marsa, said: "We are seeing how the German market, traditionally our number one market, is the one that has slowed down the most. In addition, we are detecting that this season, last-minute bookings are once again becoming more popular, with tourists waiting for special offers and promotions before making their purchase decisions." The travel chief warned that the "Champagne effect" which followed the coronavirus pandemic, when many tourist destinations enjoyed long periods of high demand as pent-up travellers sought holidays following the lockdowns, is now over. "It is essential to continue to focus on quality, sustainability and differentiation, especially in a context in which the market is once again stabilising and last-minute bookings are becoming increasingly important," Mr Riera-Marsa added, the Majorca Daily Bulletin reported. Dwindling demand from some markets is not the only issue facing holidaymakers at the moment. Workers in a popular Spanish holiday destination are threatening to strike during the peak season. READ MORE: Magaluf hotel pool rules ditched as 'towel warriors' cause sunbeds chaos Hotel bosses in Tenerife are facing a stark threat from union leaders: agree to a pay rise within the next fortnight or brace for strike action in the peak of summer. Hospitality chiefs were hit with an ultimatum last week by the General Union of Workers, the UGT, announcing to employers: "You have 15 days to raise wages or there will be a strike in the summer." Sindicalistas de Base, the leading union on the bargaining committee, has warned that failure to reach a deal by June 13 will result in a call to action with strikes during July and August. The unions demanded an unconditional salary hike retroactive to January 2025 as a precondition to discussing the rest of the items. The impending strikes could be an echo of the walkouts experienced during Easter Thursday and Friday, after protracted negotiations failed to lead to a deal. The rallying cry of the workers is for a 6.5% wage hike – an additional 4.5% atop the 2% already sanctioned by the collective agreement.
