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Leaner Kabi Drives Higher Savings Goal For Fresenius, China ‘Soft’ In 2024

German Firm Commits To 2024 Biosimilars EBITDA Goal In Busy Q4 Call

 
• By Dean Rudge

Fresenius Kabi insists there is a “business plan behind everything” as it divulged a higher cost savings goal for the end of next year, following a fruitful 2023. But queries over margins led the company to stress that it was combatting a variety of uncertainties, especially in China and for its burgeoning biosimilars unit.

The Fresenius group has ramped up its cost savings target through to 2025 after overdelivering by more than 40% its 2023 goal, driven by a much leaner operation at its core Fresenius Kabi pharma, nutrition and medical tech division.

Cost savings of €282m ($305m) were generated last year, significantly ahead of the company’s original target of €200m for 2023, which the firm described as a “real achievement

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