Logotype for Fresenius SE & Co. KGaA

Fresenius (FRE) investor relations material

Fresenius Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Fresenius SE & Co. KGaA
Q2 2025 earnings summary6 Aug, 2025

Executive summary

  • Delivered strong H1 and Q2 2025 results with 5–6% organic revenue growth and 8% core EPS growth in Q2, driven by Kabi and Helios performance and cost discipline.

  • Raised full-year 2025 organic revenue growth guidance to 5–7% (from 4–6%) on robust top-line momentum.

  • Transformation strategy led to a more focused, performance-driven organization with a strengthened balance sheet.

  • EBIT growth was flat in Q2 but up 8% for H1, with Kabi offsetting Helios softness due to the end of energy relief payments.

  • Continued progress in sustainability, reflected in an improved ISS ESG rating from B- to B.

Financial highlights

  • Q2 2025 revenue: €5.6bn (+5% organic); EBIT: €654m; EBIT margin: 11.7%; Net income: €492m (+8%); EPS: €0.73 (+8%).

  • H1 2025 revenue: €11.2bn (+6% organic); EBIT: €1,308m (+1%); Net income: €982m (+11%).

  • Operating cash flow in Q2: €433m; leverage ratio at 3.1x, slightly above target due to dividend payment.

  • Interest expense decreased to €85m in Q2 (from €108m YoY), supporting bottom-line growth.

  • Kabi achieved a 16.4% EBIT margin, up year-over-year, despite FX and China Nutrition headwinds.

Outlook and guidance

  • Full-year 2025 organic revenue growth guidance raised to 5–7%; EBIT growth expected at 3–7%.

  • EBIT guidance reaffirmed, with Q4 expected to benefit from German hospital funding and performance program ramp-up.

  • Kabi: mid- to high-single-digit organic revenue growth, EBIT margin 16–16.5%.

  • Helios: mid-single-digit organic revenue growth, EBIT margin ~10%.

  • Interest expense for FY 2025 expected at €350–390m, down from €433m in FY 2024.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Fresenius earnings date

Logotype for Fresenius SE & Co. KGaA
Q3 20255 Nov, 2025
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Fresenius earnings date

Logotype for Fresenius SE & Co. KGaA
Q3 20255 Nov, 2025

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Fresenius SE & Co. KGaA operates as a health care group that provides products and services for dialysis, hospitals, and outpatient medical care worldwide. The company offers infusion therapies and clinical nutrition products; medical devices and services comprising renal, hospital, and surgical products; dialysis services through a network of independent subsidiary Fresenius Medical Care clinics; assistance with the promotion of healthy lifestyles, disease prevention services, and homecare services; hospital management and care management as well as hospital construction planning and financing services; and consulting, engineering, environmental, healthcare infrastructure development, project logistics/supply chain management/product testing, rail vehicle maintenance/IT security infrastructure support/e-learning platform operations in Germany.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage