Fresenius Se & Co (FSNUF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the conference call of Fresenius Investor Relations, which is now starting. May I hand you over to Nick Stone, Head of Investor Relations. Thank you, Andrew. Hello, everyone. Good afternoon and good morning, wherever you may be. Welcome to our Q1 2025 earnings call and webcast. Presentation was emailed to our distribution list earlier today. and is available on Fresenius.com. On slide two of the presentation, you'll find the usual safe harbor statement. Unless stated otherwise, we'll comment on our performance using constant exchange rates, or CR. Today, as usual, I'm joined by Michael and Sarah, who will take you through the details of another strong performance. We estimate that the call will last approximately one hour, with the presentation taking around 35 to 40 minutes, with the remaining time for your questions. Obviously, to give everyone the chance to participate, please limit your questions to one to two in the first instance, and we can always come back for an additional round if needed. And with that, I'm delighted to hand the call over to Michael. Thank you, Nick. A warm welcome, everyone. I'm delighted to report a strong start to 2025, another quarter of excellent momentum across our businesses, and we reconfirm our full-year guidance. As always, Sarah and I will review our operational and financial highlights on our individual businesses within CABI and Helios. Well, before turning to our results, the Federal Republic of Germany is starting to have a new chapter, a new important political chapter, and I congratulate our new Chancellor Friedrich Maaz on his election, and we look forward to working with him and his cabinet Germany needs strong leadership and a clear growth agenda to improve its competitiveness in a challengi...