Annual Report 2025

Change report

Combined management report

Committed to life – the health and well-being of patients is Fresenius’ top priority. For more than 100 years, we have been combining cutting-edge technology with a focus on patients, paving the way for the therapies of the future. We save and improve lives and health. We provide access to affordable and innovative medical products and clinical care of the highest quality.

Introductory remarks

This report combines the management report of the Fresenius Group, comprising Fresenius SE & Co. KGaA and its consolidated subsidiaries, and, for the first time, the management report of Fresenius SE & Co. KGaA for fiscal year 2025. Additional information on Fresenius SE & Co. KGaA can be found in the section Information relating to Fresenius SE & Co. KGaA.