Fresenius SE (OTCMKTS:FSNUY) was a notable mover during the overnight trading session. The stock rallied by close to 3 percent on the back of high volumes indicative of strong buying interest. The stock has been in a strong uptrend and has been forming higher highs and higher lows, which is a bullish sign. The momentum indicators for the stock continue to trend in the bullish zone and show no signs of a reversal, which is seen as a positive. The stock currently trades above all important daily moving averages. Traders believe the stock could head to levels of $18.6 in the near term.


Fresenius SE (OTCMKTS:FSNUY) has decided to raise the group earning guidance for the year after witnessing a continued growth in net income and sales. As per the reports, it managed to report excellent growth numbers in 1Q2015, 2Q2015 and 3Q2015 consecutively, which prompted it to uplift the guidance for the year.

Financial Highlights

During Q1 and Q2, it reported sales worth €20.4 billion. It was 22% higher than the sales reported during the same period in 2014. Company’s EBIT for these two quarters was €2.8 billion, up 28% on actual rate basis and 14% on constant currency basis. It’s net income for these two quarters was €1,009 million, up 31% on actual rate basis and 19% on constant currency basis.

When it comes to Q3, Fresenius managed to report €6.9 billion in sales, up 16% YOY on actual rates basis and 7% on constant currency basis. In terms of EBIT, it reported €1,027 million, 25% higher than previous year’s numbers on actual rate basis and 12% on constant currency basis. Fresenius’ net income for this quarter was €367 million, up 31% on actual rate basis and 20% on constant currency basis.

The senior management of the company is delighted to have announced this excellent growth in overall financial numbers. According to Ulf Mark Schneider, Chief Executive Officer, Fresenius, the excellent growth trend of the company remained intact with its double digit growth in EBIT, sales and net income. This growth wasn’t driven by any one business vertical but all the segments equally.

Based on these results, one thing’s clear that Fresenius will end 2015 on high note, which is why the management has decided to uplift the yearly guidance for 2015.

As per the increased guidance, net income is expected to grow at a revised rate of 20-22% in constant currency compared to previously expected figures of 18-21 percent. The sales for the year’s expected to grow at 8-10% on constant currency basis.