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Fresenius raises full-year outlook after second-quarter meets expectations

Published 30/07/2019, 06:14
Fresenius raises full-year outlook after second-quarter meets expectations
FREG
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(Reuters) - German healthcare group Fresenius (DE:FREG) raised full-year revenue targets on Tuesday as its adjusted second-quarter sales came in a touch above analysts' expectations.

The healthcare group said its second-quarter core operating profit (EBIT) fell by 5% to 1.08 billion euros (£991.67 million) on comparable basis, broadly in line with analysts' expectations in a Refinitiv poll.

For 2019, the company expects revenue growth between 4% and 7% in constant currency, compared to the previous range of 3% to 6%.

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