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Summary of the fiscal year

Sales

Consolidated sales increased by 5% to €20,331 million (2012: €19,290 million). Organic sales growth of 4% was achieved, while acquisitions contributed 5%. Divestitures reduced sales by 1%. Currency translation had a negative effect of 3%.

EARNINGS

EBIT¹ was €3,045 million and the EBIT margin 15.0%. Earnings were affected by lower reimbursement for dialysis services in the US and remediation costs to meet FDA requirements for two Fresenius Kabi production sites. Group net income² increased by 12% to €1,051 million.

Cash flow

Operating cash flow was €2,320 million (2012: €2,438 million). The decrease relates primarily to a payment regarding the adjustment of the supply agreement for an iron product. The cash flow margin was 11.4% and cash flow before acquisitions and dividends €1,273 million.

BALANCE SHEET

Total assets increased by 7% to €32,758 million. Mainly due to the earnings increase, total shareholders’ equity, including noncontrolling interest, rose by 4% to €13,260 million. The net debt / EBITDA³ ratio of 2.5 (December 31, 2012: 2.6) was in the target range of 2.5 to 3.0.





1 2013 before integration costs for Fenwal (€54 million); 2012 before one-time costs (€6 million) related to the offer to the shareholders of Rhön-Klinikum AG as well as other one-time costs (€86 million) at Fresenius Medical Care 2 Net income attributable to the shareholders of Fresenius SE & Co. KGaA; 2013 before integration costs for Fenwal (€40 million); 2012 before a non-taxable investment gain (€34 million) and other one-time costs (€17 million) at Fresenius Medical Care as well as one-time costs (€29 million) related to the offer to the shareholders of Rhön-Klinikum AG 3 2013 excluding advances made for the acquisition of hospitals and outpatient facilities of Rhön-Klinikum AG and before integration costs for Fenwal (€54 million); 2012 before special effects


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