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Fresenius reports Q3 beat thanks to Kabi growth in emerging markets

Credit: REUTERS/RALPH ORLOWSKI

October 29, 2019 — 02:04 am EDT

Written by Reuters ->

Oct 29 (Reuters) - German healthcare group Fresenius FREG.DE beat third-quarter revenue forecasts on Tuesday as softer revenue growth in North America was offset by growth of its infusions drugs unit Kabi in emerging markets.

The group confirmed its full-year guidance after third-quarter revenues rose by 8% to 8.9 billion euros in the third quarter, compared to 8.7 billion euros in a company-compiled consensus.

(Reporting by Zuzanna Szymanska in Gdansk Editing by Tomasz Janowski)

((zuzanna.szymanska@thomsonreuters.com; + 48 58 778 52 86;))

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