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Fresenius Medical Care (FME), a leader in renal disease products and services, announced their participation in the 61st European Renal Association (ERA) Congress from May 23-26, 2024. They will present nearly 40 research abstracts highlighting innovative approaches to kidney care through data-driven insights and real-world evidence. Key presentations include the CONVINCE study showing a 23% reduction in mortality rates using high-volume hemodiafiltration, and AI and machine learning applications for dialysis patient care. The company also evaluated ChatGPT for nutritional advice in dialysis, noting significant discrepancies in calorie and nutrient estimations.
Fresenius Medical Care announced significant progress in its transformation efforts at its Annual General Meeting on May 16, 2024. Shareholders approved a 6% increase in dividends to 1.19 euros and a new compensation system for the Management Board. The company confirmed its ambitious growth targets for 2024. CEO Helen Giza highlighted top- and bottom-line growth for 2023, exceeding operating income expectations. The Management Board's transformation program, FME25, is ahead of schedule. The company aims to focus on disciplined execution and value creation in 2024. A substantial majority of shareholders approved various proposals, showing strong support for the company's direction.
Fresenius Medical Care reported solid revenue growth of 4% in the first quarter of 2024, driven by both Care Delivery and Care Enablement segments. Operating income margin improved in both segments, with Care Enablement showing significant progress towards the 2025 target margin band. The company continues to execute its transformation and portfolio optimization plans, with divestments in various regions. The outlook for FY 2024 is confirmed, highlighting positive progress and financial stability.