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Kabi ‘Overdelivering’ On Saving Plans But Feels The Sting Of Inflation

European EBIT Plummets By A Third, Further Supply Disruptions Anticipated

 
• By Dean Rudge

Newly instated Fresenius group CEO Michael Sen took charge of his first earnings call following his appointment on 1 October, pushing the message of Kabi managing its own destiny amid a series of macroeconomic challenges.

Piggy Money
Kabi's saving plans are well ahead of earlier projections • Source: Shutterstock

Fresenius Kabi is ahead of schedule for its 2022 cost saving plans, delivering 50% beyond the company’s pro rata savings target – but is adamant on gouging further savings: “It’s not about holding your breath. It’s not about austerity. It’s about really going into the structure.”

However, the German firm has acknowledged, “Even though Kabi is overdelivering on the cost side, the headwinds you have from inflation is outweighing even the extra proportion on the cost

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