Annual Report 2024

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Targets, results, and outlook

Targets, results, and outlook

 

 

Targets 20241

 

Results 2024

 

Outlook 2025

Fresenius Group

 

 

 

 

 

 

Revenue growth (organic)2

 

6% to 8%
(base: €20,307 m)

 

8%

 

4% to 6%
(base: €21,526 m)

EBIT growth (in constant currency)3

 

8% to 11%
(base: €2,266 m)

 

10%

 

3% to 7%
(base: €2,489 m)

 

 

 

 

 

 

 

Liquidity and capital management

 

 

 

 

 

 

Cash conversion rate

 

Around 1

 

1

 

Around 1

Net debt / EBITDA4

 

To be at the lower end
of the self-imposed target corridor of 3.0× to 3.5×

 

3.0

 

within the new self-imposed target corridor of 2.5× to
3.0×

 

 

 

 

 

 

 

Capital efficiency

 

 

 

 

 

 

Return on invested capital (ROIC)3,4,5

 

Above 6%

 

6.2%

 

Above 6%

 

 

 

 

 

 

 

Operating and Investment Companies

 

 

 

 

 

 

 

 

 

 

 

Fresenius Kabi

 

 

 

 

 

 

Revenue growth2 (organic)

 

Mid-to-high-single-digit
percentage growth

 

10%

 

Mid-to-high-single digit
percentage growth
(base: €8,414 m)

EBIT margin3

 

between 15% to 16%
(structural margin band:14% to 17%)

 

15.7%

 

16.0% to 16.5%
(structural margin band:16 to 18%;base: €1,319 m)

 

 

 

 

 

 

 

Fresenius Helios

 

 

 

 

 

 

Revenue growth (organic)

 

Mid-single-digit
percentage growth

 

6%

 

Mid-single-digit percentage growth
(base: €12,739 m)

EBIT margin3

 

between 10% and 11%
(structural margin band: 10% to 12%)

 

10.1%

 

Around 10%
(structural margin band: 10% to 12%; base: €1,288 m)

1

Updated in November 2024

2

Organic growth rate adjusted for accounting effects related to Argentina hyperinflation

3

Before special items

4

At average expected exchange rates for both net debt and EBITDA; pro forma closed acquisitions / divestitures; before special items, including lease liabilities

5

Pro forma acquisitions

For a detailed overview of special items please see the reconciliation table.

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