Fresenius Medical Care AG

FME: XETR (DEU)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	€67.00	Jmkpq	Jtkv

Fresenius Medical Care Earnings: Strong Start to 2024 but No Change to Outlook or Fair Value Yet

Julie Utterback

May 7, 2024

Narrow-moat Fresenius Medical Care turned in strong first-quarter results but may have disappointed the market with its weak treatment trends and merely maintained 2024 outlook. Overall, our 2024 expectations remain at the high end of management's outlook, and we do not anticipate changing our fair value estimate, which remains well above recent trades.

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