Fresenius Se & Co (FSNUF) Q2 2026 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 Valentina. Hello everyone. Welcome to our half year in Q2 26 earnings call and webcast. The presentation was emailed to our distribution last night following the ad hoc announcement and is available on Fresenius.com. On slide 2 of the presentation you will find the usual safe harbour statements and less stated otherwise will comment on our performance using constant exchange rates or CER. Today's results show Fresenius is delivering from a position of operational strength with another excellent quarter or grade of full year guidance and clear evidence of the structural step up in earnings quality that we've been building towards. I'm very pleased to be joined by Michael and Sara who will take you through the results and what they mean for the continued delivery of future Fresenius. As usual, the call will last approximately one hour with the presentation taking around 30 minutes with remaining time for your questions. To give everyone a 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'll hand over to Michael to explain how today's results reflect a stronger, higher quality presented with greater strategic flexibility. Well, you said it all. Thank you, Nick, and welcome to everyone joining us today. I'm very pleased to report another excellent quarter from Fresenius. We delivered strong operating performance, high quality growth, continued earnings progression, improved margin expansion, and higher returns. From this position of operational strength, we are raising our full year core EPS growth guidance to ...