Fresenius expects 2015 dividend increase of more than 20%, will reach mid-term Group net income target ahead of schedule

(PresseBox) ( Bad Homburg, )
Fresenius expects a significant 2015 dividend increase, resulting from the forecasted 2015 net income growth applied to the company’s dividend policy. After raising guidance twice this year, Fresenius is forecasting 2015 net income growth of 18% to 21% in constant currency. In addition, the company expects a significant positive currency effect. 2015 dividend growth is therefore expected to clearly exceed 20%. This will mark the company’s 23rd consecutive year of dividend increases.

Ulf Mark Schneider, CEO of Fresenius, said: "Fresenius’ business model is non-cyclical and we confirm our guidance for 2015. Our expectations for 2016 are also very positive, even in light of current concerns about the global economy."

In February 2014, Fresenius announced a net income target of €1.4 to €1.5 billion for 2017. Assuming stable exchange rates from here, Fresenius will reach that target this year – two years ahead of schedule. Even if the currency contribution declines in the coming months, the company will come very close.

"We therefore plan to provide a new mid-term target in February 2016 to guide investors’ expectations regarding the company’s future growth ambitions," Schneider said.

Fresenius will announce its Q3 2015 results on October 29, 2015.

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This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of clinical trials, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. Fresenius does not undertake any responsibility to update the forward-looking statements in this release.
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