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May 20

May 20, 2026
New York, USA

Berenberg European Conference 2026

May 13

May 13, 2026
Westcoast, USA

Roadshow Westcoast

May 13 – 14, 2026

May 12

May 12, 2026
Las Vegas, USA

BofA – Securities Health Care Conference 2026

Fresenius SE & Co. KGaA's subscribed capital amounts to €563,237,277 and consists of 563,237,277 ordinary shares (last change as of 09.06.2022). The shares are notional no-par-value shares. Each share represents €1.00 of the capital stock.

Capitalization

Date Capital-related measures Subscribed Capital / Total number of ordinary Shares

09.06.2022

Issuance of new shares (scrip dividend) €563,237,277 / 563,237,277

30.11.2021

Issuance of new shares from stock option plan €558,502,143 / 558,502,143

31.10.2021

Issuance of new shares from stock option plan €558,457,143 / 558,457,143

30.09.2021

Issuance of new shares from stock option plan €558,454,143 / 558,454,143

31.08.2021

Issuance of new shares from stock option plan €558,453,018 / 558,453,018

31.07.2021

Issuance of new shares from stock option plan €558,437,193 / 558,437,193

30.06.2021

Issuance of new shares from stock option plan €558,040,523 / 558,040,523

31.05.2021

Issuance of new shares from stock option plan €557,716,248 / 557,716,248

30.04.2021

Issuance of new shares from stock option plan €557,556,509 / 557,556,509

31.03.2021

Issuance of new shares from stock option plan €557,541,659 / 557,541,659

Date Capital-related measures

Subcribed Capital

Nominal Value Total number of preference shares Total number of ordinary shares

2021

 Issuance of new shares from stock option plan

€ 558,502,143

 558,502,143

2020

Issuance of new shares from stock option plan    

€ 557,540,909

    557,540,909

2019

Issuance of new shares from stock option plan    

€ 557,379,979

    557,379,979

2018

Issuance of new shares from stock option plan    

€ 556,225,154

    556,225,154

2017

Issuance of new shares from stock option plan    

€ 554,710,473

    554,710,473

31.01.2017

Capital increase from approved capital    

€ 553,316,547

    553,316,547 

2016

Issuance of new shares from stock option plan    

€ 547,208,371

    547,208,371

2015

Issuance of new shares from stock option plan    

€ 545,727,950

    545,727,950

2014

Issuance of new shares from stock option plan    

€ 541,532,600

    541,532,600

01.08.2014

Stock split with Capital increase from company funds    

€ 540,511,632

    540,511,632

31.07.2014

Issuance of new shares from stock option plan    

€ 180,170,544

    180,170,544

31.07.2014

Issuance of new shares from stock option plan    

€ 180,170,544

    180,170,544

2013

Issuance of new shares from stock option plan     

€ 179,694,829

    179,694,829

2012

Issuance of new shares from stock option plan     

€ 178,188,260

    178,188,260

15.05.2012

Capital increase from approved capital     

€ 177,166,002

    177,166,002

30.04.2012

Issuance of new shares from stock option plan     

€ 163,366,002

    163,366,002

2011

Issuance of new shares from stock option plan     

€ 163,237,336

    163,237,336

28.01.2011

Unification of share classes     

€ 162,450,090

    162,450,090

2010

Issuance of new shares from stock option plan (P&O)     

€ 162,450,090

  81,225,045 81,225,045

2009

Issuance of new shares from stock option plan (P&O)     

€ 161,315,376

  80,657,688 80,657,688

2008

Issuance of new shares from stock option plan (P&O)     

€ 161,143,734

  80,571,867 80,571,867

 

Capital increase from approval capital     

€ 160,863,550

80,426,775 80,426,775

 

Issuance of new shares from stock option plan (P&O)     

€ 155,357,436

77,678,718  77,678,718

2007

 Issuance of new shares from stock option plan (P&O)

€ 155,164,770

 77,582,385 77,582,385

 Share split with capital increase from the Company's funds4

€ 154,353,876

77,176,93877,176,938

2006

 Issuance of new shares from stock option plan (P&O)

€ 131,715,308

25,725,64625,725,646

17.11.2006

Capital increase through contribution in kind (P&O)

€ 131.524.890

176,540 176,540

2005

 Capital increase from approved capital 9:2 (P&O)

€ 129,849,037

25,361,140 25,361,140

2005

 Issuance of new shares from stock option plan (P&O)

€ 105,785,037

20,661,140 20,661,140

2004

 Issuance of new shares from stock option plan (P&O)

€ 104,885,857

20,485,519 20,485,519

2002

 Issuance of new shares from stock option plan (P&O)

€ 104,882,391

20,484,842 20,484,842

2001

 Issuance of new shares from stock option plan (P&O)

€ 104,882,043

20,484,77420,484,774

 Capital increase through contribution in kind (P&O)

€ 104,800,266

20,468,802 20,468,802

 Capital increase from corporate funds by new share issue in the ratio 1:1 (P&O) 

€ 102,477,865

20,015,208 20,015,208

Issuance of new shares from stock option plan (P&O)

€ 51,238,932

10,007,604 10,007,604

2000

 Issuance of new shares from stock option plan (P&O)

€ 51,238,523

10,007,524 10,007,524

1999

 Conversion of subscribed capital into € and introduction of non-par shares3

€ 51,200,000

10,000,000 10,000,000

1997

 Capital increase (P)

DM 100,000,000

 DM 5 10,000,000 10,000,000

1995

 Change of nominal value from DM 50 to DM 5

DM 90,000,000

 DM 5 8,000,000 10,000,000

1994

 Capital increase (P)

DM 90,000,000

 DM 50 800,000 1,000,000

1992

 Capital increase / listing (O)2

DM 80,000,000

 DM 50 600,000 1,000,000

1989

 Capital increase (P)

DM 60,000,000

 DM 50 600,000 600,000

1986

 Listing at Frankfurt Stock Exchange (P)1

DM 45,000,000

 DM 50 300,000 600,000

  • 1 (P) = Preference Shares

    2 (O) = Ordinary Shares

    3 Par value per share € 2.56

    4 Par value per share € 1.00

105,288,804 shares of total share capital are not listed.

Notification pursuant to Art. 2 (3) Sentence 2 DELEGATED REGULATION (EU) No 2016/1052

Employee participation in our corporate success has a long tradition at Fresenius. In 2023, the employee share program "Fresenius SHARE" was launched. Attached please find an overview of transactions in connection with our employee share program.

 

Date Quantity Price (€) Total amount (€) Detailed overview

June 3, 2025

6,754  43.8378  296,080.20 xls-file

June 2, 2025

90,000 43.4463 3,910,171.18 xls-file

June 5, 2024

9,824 29.3653 288,484.71  xls-file

June 4, 2024

80,000 29.3091 2,344,728.00  xls-file

October 6, 2023

2,091 27.9371 58,416.48 xls-file

October 5, 2023

37,638 27.9559 1,052,204.16  xls-file

Share Price

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Share Price Information

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Interactive Tool

Event

May 06, 2026 | Bad Homburg, Germany

Conference Call Q1 2026
Import (ICS)

Dividend policy reflects capital allocation priorities: As part of the full year reporting in February 2025, Fresenius defined a new dividend policy designed to ensure attractive shareholder returns while maintaining strategic flexibility. Going forward, Fresenius will pay out 30 to 40% of its Group core net income excluding Fresenius Medical Care and before special items as dividend.

Dividend 2025

Fresenius remains fully commitment to delivering attractive shareholder returns. For fiscal year 2025, the Company will propose a dividend of €1.05 per share. This corresponds to a payout ratio of 37%, at the upper half of the 30 to 40% range of core net income1,2, as specified in the Fresenius Financial Framework. 

 

1 Before special items
2 Excluding Fresenius Medical Care
 

Total Return Calculator

Fill out the fields and click "Show data". The Total Return Calculator will provide you with the current value of your Fresenius shares and the return. Moreover, the Calculator shows the share price performance during the selected period.

Contact

Florian Feick

Vice President Investor Relations
Deputy Head of Investor Relations
T: +49 (0) 6172 608-5167
florian.feick@fresenius.com

Share Price

Data is delayed by 15 minutes.

Share Price Information

Event

May 06, 2026 | Bad Homburg, Germany

Conference Call Q1 2026
Import (ICS)

International financial analysts cover Fresenius SE & Co. KGaA and publish reports and updates on the development of its business and its shares. Once a quarter, VARA Research creates an up-to-date consensus from these various forecasts. An interactive and downloadable set of the consensus data for Fresenius SE & Co. KGaA can be found on Vara Research.           

Contact

Florian Feick

Vice President Investor Relations
Deputy Head of Investor Relations
T: +49 (0) 6172 608-5167
florian.feick@fresenius.com

Share Price

Data is delayed by 15 minutes.

Share Price Information

Related Links

Interactive Tool

Event

May 06, 2026 | Bad Homburg, Germany

Conference Call Q1 2026
Import (ICS)

The interactive tool allows you to analyze and graph the Fresenius SE & Co. KGaA share price, including the performance of its ordinary shares (ORD) and its ADR program in the United States.

Key Data

Fresenius is one of the top 40 companies in Germany in terms of market capitalization and is included in Germany's leading index, the DAX. We are also listed in the STOXX Europe 600 Health Care, the FTSEurofirst 300 and the DAXsector Pharma & Healthcare indices.

Fresenius ordinary shares are traded on the stock exchanges in Frankfurt, Düsseldorf and Munich.

At the end of July 2022, Fresenius SE & Co. KGaA's capital stock was 563,237,277 ordinary shares. The shares are notional no-par-value shares. Each share represents €1.00 of the capital stock.

Basic Share information

Ordinary share

Securities identification no.

578 560

Ticker symbol

FRE

ISIN

DE0005785604

Bloomberg symbol

FRE GR

Reuters symbol

FREG.de

Main trading location

Frankfurt/Xetra

Paying agent

Deutsche Bank AG, Taunusanlage 12, 60325 Frankfurt am Main, Germany

Key data

2024 2023 2022

Numbers of shares

563,237,277  563,237,277  563,237,277

Stock exchange quotation1 in € 

High

 34.85  31.11  37.88

Low

 24.54  23.46  20.04

Year-end quotation

 33.54  28.07  26.25

Market capitalization2 in million €

 18,891  15,810  14,785

Total dividend distribution in million €

 5633  -  518

Dividend per share in €

1.003 -  0.92

Earnings per share in €4 

 3.11  2.67  3.08

    • 1 Xetra closing price on the Frankfurt Stock Exchange
    • 2 Total number of ordinary shares multiplied by the respective Xetra year-end quotation on the Frankfurt Stock Exchange
    • 3 Proposal
    • 4 Net income attributable to shareholders of Fresenius SE & Co. KGaA; before special items

Contact

Florian Feick

Vice President Investor Relations
Deputy Head of Investor Relations
T: +49 (0) 6172 608-5167
florian.feick@fresenius.com

Related Links

Interactive Tool

Share Price

Data is delayed by 15 minutes.

Share Price Information

Event

May 06, 2026 | Bad Homburg, Germany

Conference Call Q1 2026
Import (ICS)

Financing Strategy & Targets

Ensure financial flexibility, maintain our investment grade rating, limit refinancing risks and optimize the cost of capital are the main objectives in Fresenius’s financing strategy.

To remain financially flexible, we maintain adequate liquidity headroom. We are committed to our investment grade rating, which provides us with advantages with respect to funding costs, facilitates markets access, and thus contributes to greater financial flexibility overall. Our financing strategy aims at ensuring a stable investment grade rating in the long term. 

Refinancing risks are limited due to a balanced maturity profile which is characterized by a broad range of maturities with a high proportion of mid- and long-term debt. We use various financing instruments in a targeted manner to diversify our financing mix and our investor base. 

Relevant financing instruments include bonds, Schuldschein Loans and bank loans. In addition, Fresenius maintains a commercial paper program. 

Another key objective of Fresenius’ financing strategy is to optimize the cost of capital by employing an adequate mix of equity and debt. 

In 2026, adherence to our self-imposed target corridor will continue to be of central importance to us. Our self-imposed target corridor of 2.5 x to 3.0 x allows us to stay financially flexible while solidifying our investment grade rating.

 

Fresenius Group

1 Prior-year figures have been adjusted due to the deconsolidation of Fresenius Medical Care operations

2 Before special items

3 At average exchange rates for both net debt and EBITDA; pro forma closed acquisitions/divestitures, including lease liabilities, including Fresenius Medical Care dividend; Net debt adjusted for the valuation effect of the exchangeable bond

Financing Instruments

The information and documents contained on the following pages of this website are for information purposes only. These materials do neither constitute an offer nor an invitation to subscribe to or to purchase securities, nor any investment advice or service, and are not meant to serve as a basis for any kind of obligation, contractual or otherwise. Securities may not be offered or sold in the United States of America (“US”) absent registration under the US Securities Act of 1933, as amended, or an exemption from registration. The securities described on the following pages are not offered for sale in the US or to "US persons" (as defined in Regulation S under the US Securities Act of 1933, as amended).

THE FOLLOWING INFORMATION AND DOCUMENTS ARE NOT DIRECTED AT AND ARE NOT INTENDED FOR USE BY (I) PERSONS WHO ARE RESIDENTS OF OR LOCATED IN THE US, CANADA, JAPAN OR AUSTRALIA OR WHO ARE US PERSONS (AS DEFINED IN REGULATION S UNDER THE US SECURITIES ACT OF 1933, AS AMENDED), OR (II) PERSONS IN ANY OTHER JURISDICTION WHERE THE COMMUNICATION OR RECEIPT OF SUCH INFORMATION IS RESTRICTED IN SUCH A WAY THAT PROVIDES THAT SUCH PERSONS SHALL NOT RECEIVE IT. SUCH PERSONS, OR PERSONS ACTING FOR THE BENEFIT OF ANY SUCH PERSONS, ARE NOT PERMITTED TO VISIT THE FOLLOWING PAGES OF THE WEBSITE.

To visit the following parts of this website you must confirm that
(i) you are not a resident of the United States of America, Canada, Japan or Australia or a "US person" (as defined in Regulation S under the US Securities Act of 1933, as amended),
(ii) you are not a person to whom the communication of the information contained on the website is restricted,
(iii) you will not distribute any of the information and documents contained thereon to any such person, and
(iv) you are not acting for the benefit of any such person.

 

By clicking on the "Accept" button below, you will be deemed to have made this confirmation

 

Bonds

Issuer Volume in millionCouponMaturity

Fresenius SE & Co. KGaA

 €500 0.375% 2026

Fresenius SE & Co. KGaA

 €750 1.625% 2027

Fresenius SE & Co. KGaA

 €750 0.75% 2028

Fresenius SE & Co. KGaA

CHF275 2.96% 2028

Fresenius SE & Co. KGaA

 €500 2.875% 2029

Fresenius SE & Co. KGaA

CHF225 1.5975% 2029

Fresenius SE & Co. KGaA

 €500 5.00% 2029

Fresenius SE & Co. KGaA

 €500 2.75% 2029

Fresenius SE & Co. KGaA

 €550 2.875% 2030

Fresenius SE & Co. KGaA

 €500 5.125% 2030

Fresenius SE & Co. KGaA

 €500 1.125% 2033

Fresenius SE & Co. KGaA

 €500 3.50% 2034

Fresenius Finance Ireland plc.

 €700 2.125% 2027

Fresenius Finance Ireland plc.

 €500 0.50% 2028

Fresenius Finance Ireland plc.

 €500 0.875% 2031

Fresenius Finance Ireland plc.

 €500 3.00% 2032

Schuldschein loans

Issuer Volume in millionInterest rate fixed/variableMaturity

Fresenius SE & Co. KGaA

 €157 4.40% 2026

Fresenius SE & Co. KGaA

 €117 0.85% 2026

Fresenius SE & Co. KGaA

 €207 1.96%/variable 2027

Fresenius SE & Co. KGaA

 €101 4.62% 2028

Fresenius SE & Co. KGaA

 €84 1.10% 2029

Fresenius SE & Co. KGaA

 €66 4.77% 2030

EIB loan

Issuer Volume in millionCouponMaturity

Fresenius SE & Co. KGaA

 €400 variable 2030

The European Investment Bank (EIB) is the biggest multilateral financial institution in the world and one of the largest providers of finance for climate action, providing economic support to sectors that contribute significantly to technological innovation,  growth, employment, regional cohesion and environmental sustainability in Europe and beyond. 

Fresenius received a €400 million loan in December 2025 to strengthen its European research and development (R&D) activities. The financing is used to support expansion of Fresenius Kabi's manufacturing of medical products and biosimilars in European countries.

The information and documents contained on the following pages of this website are for information purposes only. These materials do neither constitute an offer nor an invitation to subscribe to or to purchase securities, nor any investment advice or service, and are not meant to serve as a basis for any kind of obligation, contractual or otherwise. The securities described on the following pages have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States of America (the "United States") absent registration or an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. There will be no public offering of such securities in the United States or anywhere else and, if offered, any such securities will be offered and sold only (i) outside of the United States in "offshore transactions" in accordance with Regulation S of the Securities Act and (ii) in the United States to "qualified institutional buyers" (as defined in Rule 144A under the Securities Act) in transactions exempt from the registration requirements of the Securities Act.


THE FOLLOWING INFORMATION AND DOCUMENTS ARE NOT DIRECTED AT AND ARE NOT INTENDED FOR USE BY (I) PERSONS WHO ARE RESIDENTS OF OR LOCATED IN THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH AFRICA, OR (II) PERSONS IN ANY OTHER JURISDICTION WHERE THE COMMUNICATION OR RECEIPT OF SUCH INFORMATION IS RESTRICTED IN SUCH A WAY THAT PROVIDES THAT SUCH PERSONS SHALL NOT RECEIVE IT. SUCH PERSONS, OR PERSONS ACTING FOR THE BENEFIT OF ANY SUCH PERSONS, ARE NOT PERMITTED TO VISIT THE FOLLOWING PAGES OF THE WEBSITE.

To visit the following parts of this website you must confirm that
(i) you are not a resident of or located in the United States, Canada, Australia, Japan or South Africa,
(ii) you are not a person to whom the communication of the information contained on the website is restricted,
(iii) you will not distribute any of the information and documents contained thereon to any such person, and
(iv) you are not acting for the benefit of any such person.

By clicking on the "Accept" button below, you will be deemed to have made this confirmation.

The Fresenius SE & Co. KGaA Commercial Paper Program enables Fresenius to issue short-term notes of up to €1.5 bn on the money market. The issuances are made through the European Commercial Paper Program (ECP). 

 
Issuer: 

Fresenius SE & Co. KGaA, Fresenius Finance Ireland plc.

Program amount € 1,500,000,000
Arranger

Commerzbank

Dealer

Barclays, Commerzbank, Crédit Agricole, DZ BANK AG, Landesbank Baden-Württemberg, Landesbank Hessen-Thüringen, ING Bank N.V.

Issuing and paying agent Commerzbank
Term up to 1 year less 1 day
   

Rating

Fresenius is covered by the leading rating agencies Standard & Poor's, Moody's and Fitch. The following table shows Fresenius SE & Co. KGaA's current ratings.

Rating

Standard & Poor's Moody's Fitch

Corporate Credit Rating

BBB Baa3 BBB-

Outlook

positive stable stable

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