Fresenius Se & Co (FSNUF) Q1 2025 Earnings Call

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WEBVTT 00:00:01.415 -- 00:00:06.441 Good afternoon and welcome to the conference call of Fresenius Investor Relations, which 00:00:06.441 -- 00:00:12.846 is now starting. May I hand you over to Nick Stone, Head of Investor Relations. 00:00:13.830 -- 00:00:18.175 Thank you, Andrew. Hello, everyone. Good afternoon and good morning, wherever you may 00:00:18.175 -- 00:00:23.980 be. Welcome to our Q1 2025 earnings call and webcast. 00:00:24.063 -- 00:00:26.063 Presentation 00:00:27.287 -- 00:00:29.596 was emailed to our distribution list earlier today. 00:00:29.596 -- 00:00:32.220 and is available on Fresenius.com. 00:00:32.220 -- 00:00:36.085 On slide two of the presentation, you'll find the usual safe harbor statement. 00:00:36.085 -- 00:00:40.351 Unless stated otherwise, we'll comment on our performance using constant exchange rates, 00:00:40.351 -- 00:00:45.198 or CR. Today, as usual, I'm joined by Michael and Sarah, who will take you through the 00:00:45.198 -- 00:00:49.604 details of another strong performance. We estimate that the call will last approximately 00:00:49.604 -- 00:00:54.111 one hour, with the presentation taking around 35 to 40 minutes, with the remaining time 00:00:54.111 -- 00:00:58.446 for your questions. Obviously, to give everyone the chance to participate, please limit 00:00:58.446 -- 00:01:02.150 your questions to one to two in the first instance, and we can always come back for an 00:01:02.150 -- 00:01:08.096 additional round if needed. And with that, I'm delighted to hand the call over to Michael. 00:01:08.096 -- 00:01:10.298 Thank you, Nick. A warm welcome, everyone. 00:01:10.298 -- 00:01:15.403 I'm delighted to report a strong start to 2025, another 00:01:15.403 -- 00:01:20.429 quarter of excellent momentum across our businesses, and we re...