By Ludwig Burger
FRANKFURT (Reuters) – Fresenius Medical Care said labour shortages were slowly easing as it reported a decline in first-quarter adjusted operating income of 9%.
In a statement on Tuesday, the company said adjusted operating income dropped to 354 million euros ($390 million), slightly above the median analyst estimate of 335 million in a consensus posted on the company’s website.
“The first quarter confirmed the trends towards improving treatment volumes and towards a stabilizing labor environment in the U.S,” said CEO Helen Giza.
It confirmed its full-year guidance, saying operating income excluding one-offs would likely remain flat or decline by up to a “high-single digit” percentage in 2023, which it has described as a transition year towards earnings growth recovery in 2024.
Its parent company, German healthcare group Fresenius, said on Tuesday that first-quarter operating earnings slipped a currency-adjusted 10%.
(Reporting by Ludwig Burger, Editing by Rachel More)
