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Fiscal year 2013:

• Sales: €20.3 billion (+5% at actual rates, +8% in constant currency)
• EBIT¹: €3,045 million (-1% at actual rates, +1% in constant currency)
• Net income²: €1,051 million (+12% at actual rates, +14 % in constant currency)
• 14% dividend increase to €1.25 per share proposed

2014 Group outlook³:

• Sales growth of 12% to 15% in constant currency
• Net income⁴ growth of 2% to 5% in constant currency

2017 Targets:

• Group sales: approx. €30 billion
• Group net income: between €1.4 and €1.5 billion

¹2013 before Fenwal integration costs (€54 million); 2012 before one-time effects
²Net income attributable to shareholders of Fresenius SE & Co. KGaA; 2013 before Fenwal integration costs (€40 million); 2012 before one-time effects
³includes contributions from the acquisition of hospitals from Rhön-Klinikum AG.
⁴Net income attributable to shareholders of Fresenius SE & Co. KGaA; 2014 before integration costs for Fenwal (€30-40 million) and the hospitals acquired from Rhön-Klinikum AG (vast majority of ~€65 million in total); 2013 before Fenwal integration costs (€40 million)

 
Ulf Mark Schneider, CEO of Fresenius, said: "2013 was a year of significant achievements. We exceeded 20 billion euros in sales and 1 billion euros in earnings for the first time. The acquisition of 40 hospitals from Rhön-Klinikum AG is a key milestone for us. Looking ahead, we see significant growth opportunities in both industrial and in developing countries. We will pursue them with ambitious strategies, operational excellence and financial prudence."

21st consecutive dividend increase proposed
Based on the strong financial results, the Management Board will propose to the Supervisory Board a dividend increase of 14 % to €1.25 per share (2012: €1.10). The total dividend distribution is expected to be €225 million.

Positive Group outlook for 2014¹
For 2014, Fresenius projects sales growth of 12% to 15% in constant currency. Net income² is expected to increase by 2% to 5% in constant currency. The earnings forecast primarily reflects lower reimbursement rates for Medicare dialysis patients and substantial uncertainties regarding the IV drug shortage situation in the U.S. market.

The net debt/EBITDA ratio is expected to be in the range of 3.0 to 3.25.

¹Includes contributions from the acquisition of hospitals from Rhön-Klinikum AG.
²Net income attributable to shareholders of Fresenius SE & Co. KGaA; 2014 before integration costs for Fenwal (€30-40 million) and the hospitals acquired from Rhön-Klinikum AG (vast majority of ~€65 million in total); 2013 before Fenwal integration costs (€40 million)

 
New stretch targets for 2017
For 2017, Group sales are expected to reach approx. € 30 billion. Group net income is expected to be between € 1.4 and 1.5 billion. 

Group sales exceeds €20 billion for the first time
Group sales increased by 5% (constant currency: 8%) to €20,331 million (2012: €19,290 million. Organic sales growth was 4%. Acquisitions contributed 5%. Divestitures reduced sales growth by 1%. Currency translation had a negative effect of 3%.

Sales of the business segments developed as follows:

Group sales by region developed as follows:

Organic sales growth was 4% in North America and 3% in Europe. In Latin America (13%) and Africa (23%) organic sales growth was particularly strong. In Asia-Pacific organic sales growth was 4%.

Net income¹ growth of 14% in constant currency at top end of guidance
Group EBITDA increased by 1% (3% in constant currency) to €3,888 million (2012: €3,851 million). In constant currency, Group EBIT² increased by 1% to €3,045 million (2012: €3,075 million). EBIT was impacted by lower reimbursement rates for Medicare dialysis patients and special items at Fresenius Kabi. The EBIT margin of 15.0% (2012: 15.9%) was also impacted by the first-time consolidation of Fenwal.

Group net interest decreased to -€584 million (2012: -€666 million), although this figure includes €14 million one-time costs resulting from the early redemption of the Senior Notes originally due in 2016.

The Group tax rate² improved to 27.8% (2012: 29.1%).

Noncontrolling interest was €727 million (2012: €769 million), of which 94% was attributable to the noncontrolling interest in Fresenius Medical Care.

Group net income¹ increased by 12% (14% in constant currency) to €1,051 million (2012: €938 million). Earnings per share¹ increased by 8% to €5.88 (2012: €5.42). The average number of shares outstanding was 178,672,652 (2012: 172,977,633).

¹Net income attributable to shareholders of Fresenius SE & Co. KGaA; 2013 before Fenwal integration costs (€40 million); 2012 before one-time effects
²2013 before Fenwal integration costs (€54 million); 2012 before one-time effects

Group net income attributable to shareholders of Fresenius SE & Co. KGaA including Fenwal integration costs was €1,011 million or €5.66 per share.

Continued investment in growth
The Fresenius Group spent €1,073 million on property, plant and equipment (2012: €1,007 million). Acquisition spending was €2,754 million (2012: €3,172 million) including advances of €2.18 billion for the acquisition of hospitals and outpatient facilities from Rhön-Klinikum AG.

Strong 11.4% operating cash flow margin
Operating cash flow was €2,320 million (2012: €2,438 million). The decrease relates primarily to a one-time payment by Fresenius Medical Care regarding the amendment of the supply agreement for the iron product Venofer in North America and to currency. In 2012, the cash flow was positively influenced by extraordinary payments on trade accounts receivable. The cash flow margin reached 11.4% (2012: 12.6%). Net capital expenditure increased to €1,047 million (2012: €952 million). Free cash flow before acquisitions and dividends was €1,273 million (2012: €1,486 million). Free cash flow after acquisitions and dividends was -€1,774 million (2012: -€1,259 million).

Solid balance sheet structure
The Group's total assets were €32,758 million (Dec. 31, 2012: €30,664 million), a constant currency increase of 11%. The increase primarily relates to the €2.18 billion advances as stated above. Current assets decreased by 2% (+3% in constant currency) to €7,972 million (Dec. 31, 2012: €8,113 million). Non-current assets were €24,786 million (Dec. 31, 2012: €22,551 million), a constant currency increase of 13%.

Total shareholders' equity increased by 4% (9% in constant currency) to €13,260 million (Dec. 31, 2012: €12,758 million). The equity ratio was 40.5% (Dec. 31, 2012: 41.6%).

Group debt was €12,804 million (Dec. 31, 2012: €11,028 million). Net debt was €11,940 million (Dec. 31, 2012: €10,143 million). As of December 31, 2013, the net debt/EBITDA ratio was 2.51¹ (Dec. 31, 2012: 2.56²).

¹Excluding the advances for the acquisition of hospitals of Rhön-Klinikum AG; before Fenwal integration costs
²Pro forma including Damp Group, Liberty Dialysis Holdings, Inc. and Fenwal; before one-time costs (non-financing expenses) related to the takeover offer to Rhön-Klinikum AG shareholders, and one-time costs at Fresenius Medical Care.

Number of employees increases
As of December 31, 2013, the Fresenius Group increased the number of its employees by 5% to 178,337 (Dec. 31, 2012: 169,324).


Business Segments

Fresenius Medical Care
Fresenius Medical Care is the world's leading provider of services and products for patients with chronic kidney failure. As of December 31, 2013, Fresenius Medical Care was treating 270,122 patients in 3,250 dialysis clinics.

• Targets achieved for fiscal year 2013
• Further expansion of global franchise and new record sales
• Outlook 2014: sales approx. US$15.2 billion; net income in the range of US$1.0 to 1.05 billion

Sales increased by 6% to US$14,610 million (2012: US$13,800 million). Organic sales growth was 5%. Acquisitions contributed 2%, while divestitures reduced sales growth by 1%.

Sales in dialysis services increased by 6% (7% in constant currency) to US$11,130 million (2012: US$10,492 million). Dialysis product sales grew by 5% (5% in constant currency) to US$3,480 million (2012: US$3,308 million).

In North America sales grew by 6% to US$9,606 million (2012: US$9,031 million). Dialysis services sales grew by 7% to US$8,772 million (2012: US$8,230 million). Dialysis product sales increased by 4% to US$834 million (2012: US$801 million).

Sales outside North America ("International" segment) grew by 5% (6% in constant currency) to US$4,970 million (2012: US$4,740 million). Sales in dialysis services increased by 4% to US$2,358 million (2012: US$2,262 million). Dialysis product sales grew by 5% to US$2,612 million (2012: US$2,478 million)

EBIT decreased by 3% to US$2,256 million (2012¹: US$2,329 million). EBIT was impacted by lower reimbursement rates for Medicare dialysis patients.

Net income attributable to shareholders of Fresenius Medical Care AG & Co. KGaA was US$1,110 million (2012: US$1,118³ million). Net income for Q4 2013 was US$349 million, an increase of 7% compared to Q4 2012.

The operating cash flow of US$2,035 million remained nearly unchanged compared to previous year's level (2012: US$2,039 million) despite a US$100 million one-time payment regarding the amendment of the supply agreement for the iron product Venofer in North America. The cash flow margin was to 13.9% (2012: 14.8%).

For 2014, Fresenius Medical Care expects sales to grow to approx. US$15.2 billion. Net income attributable to shareholders of Fresenius Medical Care AG & Co. KGaA is expected in the range of US$1.0 to 1.05 billion. The company initiated a global efficiency program designed to enhance the company's performance over a multi-year period. Potential cost savings before income taxes of up to US$60 million generated from this program are not included in the outlook for 2014.

¹2012 adjusted for other one-time costs of US$110 million related to the amendment of the agreement for Venofer and a donation to the American Society of Nephrology.
²Net income attributable to shareholders of Fresenius Medical Care AG & Co. KGaA; 2012 adjusted for a non-taxable investment gain of US$140 million and other one-time costs of US$71 million.
³2012 adjusted for a non-taxable investment gain of US$140 million and other one-time costs of US$71 million

For further information, please see Fresenius Medical Care's Investor News at www.fmc-ag.com.

Fresenius Kabi
Fresenius Kabi offers infusion therapies, intravenously administered generic drugs and clinical nutrition for seriously and chronically ill patients in the hospital and outpatient environments. The company is also a leading supplier of medical devices and transfusion technology products.

• 5% organic sales growth, at upper the end of guidance, EBIT margin fully in line with guidance
• Outlook 2014: Organic sales growth of 3 to 7%; EBIT margin of 16 to 18%

Sales increased by 10% (14% in constant currency) to €4,996 million (2012:€4,539 million). Organic sales growth was 5%. Acquisitions contributed 10% sales growth, while divestitures reduced sales growth by 1%. Currency translation had a negative effect of 4%.

Sales in Europe grew by 5% (organic growth: 2%) to €2,053 million (2012: €1,953 million). Sales in North America increased by 23% to €1,522 million (2012: €1,236 million), primarily driven by the consolidation of Fenwal. Organic sales growth was 5%. In Asia-Pacific sales increased by 7% (organic growth: 6%) to €927 million (2012: €863 million). Sales in Latin America/Africa increased by 1% (organic growth: 9%) to €494 million (2012: €487 million).

EBIT¹ was €926 million (2012: €934 million), an increase of 1% in constant currency. EBIT includes charges of €31 million to meet FDA requirements at the Grand Island, USA, and Kalyani, India, plants. In addition, EBIT was impacted by restrictions on the use of our blood volume substitutes and material price cuts in China. The EBIT margin was 18.5% (2012: 20.6%). Excluding Fenwal, the EBIT margin was 19.8%.''

Net income² increased by 10% to €487 million (2012: €444 million).

Fresenius Kabi's operating cash flow was €488 million (2012: €596 million). 2012 cash flow was positively influenced by extraordinary payments on trade accounts receivable. The cash flow margin was 9.8% (2012: 13.1%). Cash flow before acquisitions und dividends was €177 million (2012: €357 million).

The integration of Fenwal progressed as planned with related integration costs of €54 million pre-tax in 2013. These costs are reported in the Group Corporate/Other segment.

For 2014, Fresenius Kabi expects organic sales growth of 3 to 7% and an EBIT margin of 16 to 18%. These ranges primarily reflect substantial uncertainties regarding the IV drug shortage situation in the U.S. market as well as full-year effects from the restrictions on the use of our blood volume substitutes and the 2013 price cuts in China.

¹Before Fenwal integration costs
²Net income attributable to shareholders of Fresenius Kabi AG; before Fenwal integration costs

Fresenius Kabi guidance excludes €40-50 million pre-tax Fenwal integration costs (€30-40 million after tax); see Group guidance  

Fresenius Helios
Fresenius Helios is Germany's largest hospital operator. HELIOS owns 72 hospitals, thereof 50 acute care clinics including six maximum care hospitals in Berlin-Buch, Duisburg, Erfurt, Krefeld, Schwerin and Wuppertal and 22 post-acute care clinics. HELIOS treats more than 2.9 million patients per year, thereof more than 780,000 inpatients, and operates more than 23,000 beds.

• Completion of Rhön-Klinikum hospital acquisition expected end of February
• EBIT at the upper end of guidance; margin up 140 bps to 11.5%
• Outlook 2014: organic sales growth of 3 to 5%; EBIT of €390 to €410 million (excluding acquired hospitals)

Sales increased by 6% to €3,393 million (2012: €3,200 million). Organic sales growth was 3%, while acquisitions contributed 4%. Divestitures reduced sales growth by 1%.

EBIT grew by 21% to €390 million (2012: €322 million). The EBIT margin increased to 11.5% (2012: 10.1%).

Net income¹ increased by 35% to €275 million (2012: €203 million).

Sales of the established hospitals grew by 3% to €3,275 million. EBIT improved by 19% to €386 million. The EBIT margin increased to 11.8% (2012: 10.1%). Sales of the newly acquired hospitals (consolidation ≤1 year) were €118 million, EBIT was €4 million.

On February 20, 2014, Fresenius Helios received antitrust approval to acquire 40 hospitals and 13 outpatient facilities from Rhön-Klinikum AG. The majority of the transaction is expected to be closed by the end of February. Approximately 70% of the acquired business will be consolidated as of January 1, 2014. For two hospitals, HSK Dr. Horst Schmidt Kliniken in Wiesbaden and Klinikum Salzgitter, the approval of municipal shareholders is still pending.

The acquisition will create cost synergies of approx. €85 million p.a. pre-tax from 2015 onwards. The vast majority of integration costs (total of approx. €80 million pre-tax) is expected to accrue in 2014.

The Company expects the acquisition to be accretive to earnings per share in 2014, excluding integration costs, and clearly accretive from 2015 onwards including integration costs.

For 2014, Fresenius Helios projects organic sales growth of 3 to 5%. EBIT (excluding the hospitals acquired from Rhön-Klinikum AG) is expected to increase to €390 to 410 million. The guidance reflects the divestiture of the HELIOS hospitals in Borna and Zwenkau.

¹Net income attributable to shareholders of HELIOS Kliniken GmbH

Fresenius Helios guidance excluding integration costs for the hospitals acquired from Rhön-Klinikum AG (total of approx. €80 million before tax and approx. €65 million after tax; vast majority in 2014). These costs will be reported in the Group Corporate/Other segment, see Group guidance

Fresenius Vamed
Fresenius Vamed manages projects and provides services for hospitals and other health care facilities worldwide.

• €1 billion sales target met one year earlier than expected
• 13% increase in order intake
• Outlook 2014: Organic sales growth of 5% to 10% and EBIT growth of 5% to 10%

Sales increased by 21% to €1,020 million (2012: €846 million). Organic sales growth was 13%, acquisitions contributed 8%. Sales in the project business increased by 15% to €583 million (2012: €506 million). Sales in the service business grew by 29% to €437 million (2012: €340 million).

EBIT grew by 8% to €55 million (2012: €51 million). The EBIT margin reached 5.4% (2012: 6.0%).

Net income¹ was €37 million (2012: €35 million).

Order intake increased by 13% to €744 million (2012: €657 million), reaching a new all-time high. As of December 31, 2013, order backlog increased to a new record of €1,139 million (Dec. 31, 2012: €987 million).

In 2014, Fresenius Vamed expects to achieve organic sales growth of 5% to 10% and EBIT growth of 5% to 10%.

¹Net income attributable to shareholders of VAMED AG

Press Conference

As part of the publication of the results for fiscal year 2013, a press conference will be held at the Fresenius headquarters in Bad Homburg on February 25, 2014 at 10.00 a.m. CET. You are cordially invited to follow the conference call in a live broadcast over the Internet at www.fresenius.com (see Press / Audio-Video-Service). Following the meeting, a replay will be available on our website.

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pr-fre@fresenius.com

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Fresenius Helios has completed the acquisition of 38 hospitals and 11 outpatient facilities from Rhön-Klinikum AG. For two hospitals, HSK Dr. Horst Schmidt Kliniken in Wiesbaden and Klinikum Salzgitter, the approval of municipal shareholders is still pending. Approximately 70% of the acquired business will be consolidated as of January 1, 2014.

The Company expects the acquisition to be accretive to earnings per share in 2014, excluding integration costs, and clearly accretive from 2015 onwards including integration costs.

In addition, an agreement was signed by the hospital operators Helios, Rhön-Klinikum and Asklepios to establish and develop a hospital network. Public, non-profit and other private hospitals are welcome to join this new network which will offer innovative care models across Germany. Completion of the network agreement is subject to antitrust review.

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Fresenius Medical Care, the world's largest provider of dialysis products and services, today announced two changes in the Management Board.

Prof. Emanuele Gatti (58), the Management Board member currently responsible for the region Europe, Middle East, Africa and Latin America (EMEALA) and Global Chief Strategist, has decided as a personal choice to enter the next phase of his career. Prof. Gatti will discontinue his operational responsibilities and Management Board position effective March 31, 2014 and in his new role as Executive Advisor for Healthcare Strategies and Policies, he will support CEO Rice Powell in selecting strategic opportunities as well as represent the company in several external committees. In addition, and in combination with his academic activities, he will continue to work for the company to develop regenerative medicine and to improve dialysis and blood purification therapies.

Prof. Emanuele Gatti began his career with Fresenius dialysis business segment in January 1989 and after several successful years with increasing responsibilities, including managing the Southern European dialysis business, he was appointed to the Management Board of Fresenius Medical Care AG in May 1997. "This change had been planned, and now, for personal reasons, it seems the right time to move into the next phase of my life. Over all these years, working to develop life-saving products and services together with wonderful employees, I have been able to contribute to the global growth and success of this special company. This has always been a source of great pleasure for me. With the planned future projects, I am sure that I will further contribute to the improvement of renal care for thousands of patients," Emanuele Gatti said.

Effective April 1, 2014, Mr. Dominik Wehner will succeed Prof. Gatti as the Management Board Member for the Europe, Middle East and Africa region while the Latin America region under John Anderson's management will report to Rice Powell.

Dominik Wehner (45) began his career at Fresenius Medical Care in 1994 as Sales Manager and is currently Executive Vice President responsible for the regions of Eastern Europe, Middle East and Africa which he turned into one of the growth drivers of EMEALA. He also serves on the Vifor Fresenius Medical Care Renal Pharma Board of Directors and was instrumental in the successful extension of the venture activities in EMEALA.

Dr. Rainer Runte (54), the Management Board member currently responsible for Global Law, Compliance, Intellectual Property and Labor relations in Germany, has informed the company he does not intend to renew his contract, which concludes December 31, 2014. Dr. Runte and the company mutually agreed he will step down from the Management Board and his daily responsibilities on April 1, 2014. Until such time a permanent successor to Dr. Runte is named, David Kembel, Chief Compliance Officer for Fresenius Medical Care North America, will assume responsibility for Global Compliance on an interim basis. Rice Powell as the Chairman of the Management Board will assume Dr. Runte's remaining responsibilities until the search for a General Counsel is complete. Dr. Runte will remain connected to Fresenius Medical Care through his advisory role on matters of corporate law and compliance.

Dr. Runte began his career with Fresenius in 1990, became Senior Vice President for Law at Fresenius Medical Care in 1997 and was appointed to the Management Board in 2002. Before joining the company, he worked as a university research assistant and as an attorney in a law firm specializing in economic law. "After 24 years of contributions to the success of Fresenius Medical Care and being a Management Board Member for 13 years, I believe the time has come for me to take some time away from the day-to-day work activities and decide which career direction I might want to pursue," Rainer Runte said.

Ulf Mark Schneider, Chairman of the Supervisory Board of Fresenius Medical Care Management AG, commented: "Emanuele Gatti and Rainer Runte have made significant contributions to Fresenius Medical Care. Both were instrumental in building the company into the global dialysis leader it is today. I respect their decisions and appreciate that the company will continue to benefit from their experience and insights as part of their advisory roles. On behalf of the Supervisory Board, I would like to thank them for their dedication, perseverance and outstanding results. At the same time, I would like to welcome Dominik Wehner to his new role on Fresenius Medical Care's Management Board. Dominik is a proven executive with significant dialysis products and service experience and an impressive track record. I am convinced that the Europe, Middle East and Africa region will continue to thrive under his inspiring and energetic leadership."

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pr-fre@fresenius.com

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Fresenius will propose a three-for-one stock split to its Annual General Shareholder Meeting (AGM) on May 16, 2014. Under this proposal, the subscribed capital and the number of shares will be tripled. This will be accomplished by issuing new shares through the conversion of capital reserves from company funds. Every shareholder will receive two additional shares for each share held. The share price can be expected to adjust itself without affecting the overall value for shareholders.

Ulf Mark Schneider, CEO of Fresenius, said: "Our share price has more than tripled in the past 5 years and is above €100. The proposed three-for-one stock split reflects our confidence in the long-term growth prospects and financial strength of Fresenius. With the stock split, we would like to promote trading activity and increase the stock's attractiveness for a broader group of investors."

The AGM agenda will be published on April 2, 2014. In accordance with the proposed stock split, the Company also proposes to adjust the existing authorized capital and the conditional capitals as well as the authorization to buy back shares.

The subscribed capital of Fresenius SE & Co. KGaA currently amounts to €179,808,205, divided into 179,808,205 ordinary shares.

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Fresenius intends to issue €375 million equity-neutral convertible bonds due 2019. Next to the issuance of at least €300 million Euro Notes (Schuldscheindarlehen)*, launched on February 26, 2014, this is the final funding step for the acquisition of hospitals from Rhön-Klinikum AG.

The convertible bonds offer investors participation in the performance of Fresenius shares. Concurrently with the bond issuance, Fresenius will purchase call options** on its shares to fully hedge its exposure under the bonds' conversion rights. Therefore, the instrument will not result in the issuance of new shares at maturity. This innovative structure allows Fresenius to further diversify its funding sources.

The bonds will be issued at par. The coupon will be determined via an accelerated bookbuilding process in a range from 0.10% to 0.90%. The conversion price is 35% above Fresenius' reference share price. Such reference price will be determined as the arithmetic average of Fresenius' daily volume-weighted average XETRA share prices over a period of ten consecutive XETRA trading days, starting on March 19, 2014.

The bonds will be offered through an international private placement solely to qualified investors outside the United States. The placement will be executed via an accelerated bookbuilding over the course of today. The initial conversion price is expected to be determined after market close on April 1, 2014, once the reference share price has been determined. Settlement and closing are expected on March 24, 2014.

Fresenius intends to apply for the bonds to be included in the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange.

Credit Suisse Securities (Europe) Limited is acting as Sole Global Coordinator for the offering and together with Société Générale and UniCredit Bank AG as Joint Bookrunners. Fresenius will purchase the call options from Credit Suisse.

*thereof €200 million to refinance maturing Schuldscheindarlehen
**cash-settled; any increase of Fresenius' share price above the conversion price would be offset by a corresponding value increase of the call options; dilution of Fresenius' share capital through issuance of new shares in connection with this transaction is ruled out.

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Fresenius successfully placed €500 million equity-neutral convertible bonds due 2019. The innovative transaction was very well received by investors resulting in a substantial oversubscription. Due to the strong demand, the offering was upsized from the original target amount of €375 million.

Next to the issuance of at least €300 million Euro Notes (Schuldscheindarlehen)*, which are currently being marketed, this is the final funding step for the acquisition of hospitals from Rhön-Klinikum AG.

The bonds will be issued at par. The coupon was fixed at 0%, the initial conversion price will be set at 35% above Fresenius' reference share price**. Also including the expenses for the purchase of call options*** on Fresenius shares, the implied financing costs are well below those of the 2.375% Senior Notes issued in January 2014 with similar maturity.

The bonds were offered through an international private placement solely to qualified investors outside the United States. The initial conversion price is expected to be determined after market close on April 1, 2014, once the reference share price has been determined. Settlement and closing will take place on March 24, 2014.

Fresenius intends to apply for the bonds to be included in the Open Market (Freiverkehr) segment of the Frankfurt Stock Exchange.

Credit Suisse Securities (Europe) Limited is acting as Sole Global Coordinator for the offering and together with Société Générale and UniCredit Bank AG as Joint Bookrunners.

*thereof €200 million to refinance maturing Schuldscheindarlehen
**The reference price will be determined as the arithmetic average of Fresenius' daily volume-weighted average XETRA share prices over a period of ten consecutive XETRA trading days, starting on March 19, 2014.
***cash-settled; any increase of Fresenius' share price above the conversion price would be offset by a corresponding value increase of the call options; dilution of Fresenius' share capital through issuance of new shares in connection with this transaction is ruled out.

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The initial conversion price of Fresenius' equity-neutral convertible bonds has been determined at €149.3786. This represents a 35% premium over the reference share price* of €110.65081.

Fresenius placed its €500 million equity-neutral convertible bonds due 2019 with a zero coupon on March 18, 2014.

*The reference share price has been determined as the arithmetic average of Fresenius' daily volume-weighted average XETRA share prices over a period of ten consecutive XETRA trading days, starting on March 19, 2014.

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Fresenius Medical Care AG & Co. KGaA (the "company" or "Fresenius Medical Care"; Frankfurt Stock Exchange: FME / New York Stock Exchange: FMS), the world's largest provider of dialysis products and services, hosted a Capital Markets Day (CMD) on April 3 in New York.

The event was aimed at giving analysts and investors further insight into Fresenius Medical Care's vision for 2020 and the growth and efficiency strategies the company is pursuing. The CMD included presentations by chief executive officer Rice Powell and other members of the senior management team on global strategy, regional business strategies, R&D, manufacturing, medical therapy and financials.

Fresenius Medical Care also announced its long-term financial target for 2020. Based on revenue of $14.6 billion in fiscal year 2013, the company has set its ambitious revenue guidance for 2020 at $28 billion. This represents a cumulative average growth rate of around 10% per annum (CAGR) and a near doubling of revenue compared to 2013.

Participants at the CMD received an update on the company's Global Efficiency Program. The program's objectives are to identify efficiency potential, enhance the overall competitiveness of Fresenius Medical Care, and free up resources for reinvestment. The company has several projects in place that will achieve sustained efficiency gains over multiple years and should lead to cost savings of $300 million per annum by 2017.

Fresenius Medical Care's world-leading position in the dialysis industry has been built on its vision and capabilities in developing innovations that shape the future of treatment for patients. Fresenius Medical Care will continue to develop innovative products focused on quality outcomes for the patient while expanding the company's dialysis products and services around the world.

In addition to strong growth in the underlying business of dialysis products and services, Fresenius Medical Care sees significant potential in a business area it began developing some years ago and now calls Care Coordination. Care Coordination is an extension of the company's renal care for its patients and currently includes e.g. vascular care, laboratory and pharmacy businesses. Fresenius Medical Care plans to build this business segment and expects revenue from Care Coordination to grow from 3% of total revenue in 2013 to about 18% in 2020.

Rice Powell, chief executive officer of Fresenius Medical Care, commented at the CMD: "The number of dialysis patients is expected to double in the next seven years. We will continue to execute on our plan for growth and efficiency across the business. Our vertically integrated business enables us to provide the most effective and efficient care for these patients and is the platform to expand our care coordination capabilities. We recognize that moving beyond our core dialysis product and services business brings areas with different risk and margin profiles, and we are convinced this is reflected in our vision and guidance for 2020. With the acceleration in our revenue growth going forward we should be able to generate earnings after tax growth in the high single digits."

PDF versions of presentations and other information material given at the Capital Markets Day can be found on our website: www.fmc-ag.com/5119.htm.

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Fresenius Medical Care AG & Co. KGaA (the "company" or "Fresenius Medical Care"; Frankfurt Stock Exchange: FME / New York Stock Exchange: FMS), the world's largest provider of dialysis products and services, and Joslin Diabetes Center, Inc., the world's preeminent diabetes research, clinical care and education organization, announced an agreement today to jointly develop renal care programs in select Joslin Affiliated Centers for patients with diabetic kidney disease (DKD).

Fresenius Medical Care and Joslin will jointly develop clinical guidelines and effective care delivery systems to manage high blood pressure, glucose, and nutrition in patients with DKD. In addition, the organizations will help educate patients as they prepare for the possibility of end stage renal disease (ESRD) and the necessity for dialysis or kidney transplantation. Fresenius Medical Care and Joslin's multidisciplinary and coordinated approach to chronic disease management will seek to improve patient outcomes while reducing unnecessary or lengthy hospitalizations, drug interactions and overall morbidity and mortality associated with uncoordinated care.

"Identifying and treating individuals with chronic kidney disease, especially those with diabetes, as early as possible can help us improve health outcomes for patients and lower costs for the health care system," said Ron Kuerbitz, chief executive officer of Fresenius Medical Care North America. "But even more exciting is what this research can mean for the future. We hope that bringing together the world leaders in diabetes research and kidney care will lay the foundation for future therapeutic breakthroughs."

"We are excited to partner with Fresenius Medical Care," said John L. Brooks III, President and CEO of Joslin Diabetes Center. "Kidney disease is one of the most devastating complications of diabetes. Together with Fresenius Medical Care we hope to make real progress in improving the care of patients with DKD."

Chronic kidney disease (CKD) and ESRD combined are estimated to affect more than 13% of the U.S. population, and diabetes is one of the leading causes of ESRD. The Centers for Disease Control estimates that one in three adults in this country will have diabetes by 2050 if today's trends continue. These alarming statistics underscore the importance of the Fresenius Medical Care – Joslin collaboration and the development of clinical guidelines to manage care for patients who have both of these complex, chronic diseases.

Contact

Head of Corporate Communications
T +49 (0) 6172 608-96008
pr-fre@fresenius.com

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Fresenius Kabi is entering into a joint venture with Sistema JSFC, a large diversified holding company in Russia, and Zenitco Finance Management LLC. The joint venture combines Fresenius Kabi's Russian and CIS business with CJSC Binnopharm, a subsidiary of Sistema, with a minority stake owned by Zenitco. Fresenius Kabi will hold a 51 percent stake in the new company.

Binnopharm is a Russian manufacturer and distributor of I.V. drugs, infusion solutions and active pharmaceutical ingredients. Located in the Moscow area, Binnopharm has two manufacturing facilities and more than 350 employees. 2013 sales were US$104 million.

Fresenius Kabi entered the Russian market in 1994, and currently sells infusion therapies, clinical nutrition and I.V. drugs in the country. 2013 sales were US$73 million.

The joint venture is an excellent platform for further growth in Russia and the CIS states. In addition, it provides domestic manufacturing capacity.

The market for pharmaceutical products in Russia is forecast to grow from approximately €14 billion in 2013 to approximately €21 billion in 2017*.

Financial terms were not disclosed. The transaction is subject to approvals by the antitrust authorities as well as the Russian Government Commission on Monitoring Foreign Investments, and is expected to close by year-end 2014.

*IMS 2013