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Fresenius Medical Care CEO Discusses Q4 2010 Results - Earnings Call Transcript

Fresenius Medical Care AG & Co. ( FMS)

Q4 2010 Earnings Call

February 23, 2011 9:15 AM ET

Executives

Oliver Maier – SVP, IR

Ben Lipps – Chairman and CEO

Mike Brosnan – CFO

Rice Powell – CEO, North America and Deputy Chairman

Analysts

Holger Blum – Deutsche Bank

Marcus Wieprecht – Main First Bank

Martin Whitbread – Credit Suisse

Florian [ph]

Ilan Chaitowitz – Redburn Partners

Kevin Ellich – Collin Stewart

Frank Morgan – RBC Capital Markets

Lisa Clive – Sanford Bernstein

Martin Wales – UBSaG

Tom Jones – Berenberg Bank

Presentation

Oliver Maier

Okay everybody, I think it’s time to continue. Also from my end I would also like to welcome all of you here for the Fresenius Medical Care Q4 and full year 2010 meeting. A warm welcome also from our end to everybody I see on the web. We much appreciate your continued interest in our company.

With us today here in the room are Ben Lipps, our Chief Executive Officer and Mike Brosnan, our Chief Financial Officer. I would like to start our presentation also by mentioning our cautionary language mentioned in our safe harbor statement at the end of the presentation. For further details concerning risks and uncertainties, please refer to our filings including our SEC filings.

Now with that it’s my sincere pleasure to turn over the presentation to Ben. So, Ben, the floor is yours.

Ben Lipps

Thank you Oliver. Ladies and gentlemen, all of our employees, management board and our associates around the world and those who have joined us on the internet, welcome. We’re glad you could join us and we also appreciate very much your interest in Fresenius Medical Care. As Oliver said, I’ll cover the business outlook, Mike will cover the finance and then we’ll open it for questions and answers.

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