Fresenius Se & Co (FSNUF) Q3 2025 Earnings Call

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WEBVTT 00:00:00.115 -- 00:00:04.982 Hello, everyone. Welcome to our year-to-date NQ3 earnings call and webcast. 00:00:04.982 -- 00:00:08.728 The presentation was emailed to our distribution list earlier today and is available 00:00:08.728 -- 00:00:10.611 on Fresenius.com. 00:00:10.611 -- 00:00:14.196 On slide two of the presentation, you'll find the usual safe harbor statement. 00:00:14.196 -- 00:00:18.403 Unless stated otherwise, we'll comment on our performance using constant exchange rates 00:00:18.403 -- 00:00:22.910 or CR. Today, I'm delighted to be joined by Mike and Sarah, who will take you through 00:00:22.910 -- 00:00:27.056 the EBIT guidance rate and the disciplined execution that drove the continued performance 00:00:27.056 -- 00:00:31.972 this quarter. As usual, the call will last approximately one hour, with the presentation 00:00:31.972 -- 00:00:36.479 taking around 25 to 30 minutes, with the remaining time for your questions. 00:00:36.479 -- 00:00:40.085 To give everyone the chance to participate, please limit your questions to one to two 00:00:40.085 -- 00:00:44.071 only. We can always come back for a second round if needed. 00:00:44.071 -- 00:00:47.376 And with that, I will now hand the call over to Michael. 00:00:47.376 -- 00:00:52.765 Yeah, thank you, Nick, and welcome to everyone joining us on a very, very busy day. 00:00:52.765 -- 00:00:57.793 You know, exactly three years ago, we hit the reset button and then embarked 00:00:57.793 -- 00:01:02.960 on the new strategic and transformative journey to deliver a step 00:01:02.960 -- 00:01:07.527 change in performance with what we call future Fresenius. 00:01:07.527 -- 00:01:12.955 This transformation was about simplifying our structure, sharpening our focus, and instilling 00:01:12.955 -- 00:01:15.779...