Fresenius Medical Care AG (FMS) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript

David Adlington
JPMorgan Chase & Co, Research Division

Good morning, everybody. I’m David Adlington. I head up the med tech research group for JPM London.

It’s my pleasure this morning to introduce Helen Giza, CEO of Fresenius Medical. There will be a Q&A afterwards. Thank you.

Helen Giza
Chair of Management Board & CEO

Thank you, David. Good morning, everybody. It’s great to be back in San Francisco with you all. The JPMorgan Conference marks an important opportunity each year to reflect on progress as well as to look ahead, and I’m encouraged that the direction we have been setting continues to drive meaningful results.

Today, Fresenius Medical Care is stronger, more resilient and has set a very clear strategy to drive profitable growth and long-term value creation and has already embarked on this strategy. 2026 will be an important transition year on that journey with setting a new standard of care in the United States by starting the large-scale conversion of our clinics with a new therapy. I presented this a year ago at this conference, and today the execution is in full swing.

I won’t read the safe harbor statement, you’ll be glad to hear, but it applies here.

What gets lost in all the noise on the different topics is that the fundamentals of the kidney care industry remain intact, largely independent of the broader macroeconomic cycles. Structural drivers, including the aging population, chronic conditions like hypertension and diabetes globally, greater recognition of chronic kidney disease as a significant public health crisis continue to support the global demand for life-sustaining