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 PresentationOliver 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.