Fresenius Se & Co (FSNUF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone. Welcome to our year-to-date NQ3 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 harbor statement. Unless stated otherwise, we'll comment on our performance using constant exchange rates or CR. Today, I'm delighted to be joined by Mike and Sarah, who will take you through the EBIT guidance rate and the disciplined execution that drove the continued performance this quarter. As usual, the call will last approximately one hour, with the presentation taking around 25 to 30 minutes, with the remaining time for your questions. To give everyone the chance to participate, please limit your questions to one to two only. We can always come back for a second round if needed. And with that, I will now hand the call over to Michael. Yeah, thank you, Nick, and welcome to everyone joining us on a very, very busy day. You know, exactly three years ago, we hit the reset button and then embarked on the new strategic and transformative journey to deliver a step change in performance with what we call future Fresenius. This transformation was about simplifying our structure, sharpening our focus, and instilling a performance-driven mindset. But it wasn't just about operational changes. It was about rebuilding the portfolio and reshaping our culture and fostering accountability, a cultural power driving us forward. Fast forward to today and we have started the next phase, Rejuvenate. This has kicked off with great traction and focus and will guide us for the next few years. This phase is all about upgrading the core, scaling our platforms, and as a result, elevate our performance to deliver profitable long-term growth. This means,...