FRANKFURT, June 8 German kidney dialysis
specialist Fresenius Medical Care on Thursday said it was
targeting up to 200 million euros ($225 million) in annual cost
savings from 2020 as part of a new efficiency drive.
A cost cutting programme dubbed "Global Efficiency Program
II" will begin next year, targeting savings of between 100 and
200 million euros per annum by 2020.
The group, which is holding an investor event at its
headquarters in Bad Homburg, Germany, reaffirmed its target for
net income to increase at a high single-digit percentage growth
rate per year, until 2020, and for sales to increase by about 10
percent per year over that period.
($1 = 0.8894 euros)
(Reporting by Ludwig Burger; Editing by Edward Taylor)