Fresenius Se & Co (FSNUF) Q2 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 next go and head of investor relations. Thank you, Valentina. Hello, everyone. Welcome to our half year in Q2 2025 earnings call and webcast. The 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 harbour statements. Unless stated otherwise, we'll comment on our performance using constant exchange rates or CER. Today, I'm delighted to be joined by Michael and Sarah who will take you through the guidance raised in another resilient business performance in these uncertain and volatile times. As usual, the call will last approximately one hour with the presentation taking around 35 minutes and the remaining time for your questions to give everyone the chance to participate Please limit your questions to one to two. We can always come back for a second round if needed. And with that, I will now hand the call over to Michael to kick things off. Thank you, Nick, and welcome to everyone joining us today. Future Fresenius keeps delivering. Our momentum continues with another quarter of performance. driven by resiliency and consistency of strong execution across the individual businesses within CABI and Helios. Persistent macroeconomic volatility and emerging geopolitical tensions have led to a challenging operational environment in the first half of this year. However, we delivered another strong print with 8% core EPS growth, reflecting good operational progress and the continued execution of our future Fresenius strategy. Our direction remains unchanged. We've evolved into a simpler, more focused, adaptive, competitive and performance-driv...