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    1. Careers

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                          • betting 365 Medical Care with continued strong earnings growth in constant currency
                          • betting 365 Kabi showed a recovery in Europe and return to growth in China whilst headwinds weigh on North American business
                          • Helios Germany with sales growth in Q3 due to recovery of elective procedures; Helios Spain with significant growth based on catch-up effects
                          • betting 365 Vamed continues to be heavily impacted by COVID-19 related project delays, high-end technical service remained robust

                          If no timeframe is specified, information refers to Q3/2020; 2020 and 2019 according to IFRS 16

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                                  • 1 Before special items
                                    2 Net income attributable to shareholders of betting 365 SE & Co. KGaA
                                    For a detailed overview of special items please see the reconciliation tables on pages 17-19 in the PDF document.

                                    1.  

                                        Stephan Sturm, CEO of betting 365, said: "betting 365 remains stable and resilient, and was able to show it once again in the third quarter. Despite the ongoing and in some cases drastic restrictions caused by COVID-19, our patients could continue to rely on and benefit from our care. betting 365 is also reliable, in terms of business development: We forecasted that after a second quarter impacted by the lockdowns our sales and earnings would resume their positive trajectory – and they did just that. Despite the coronavirus, we were even able to achieve a strong increase in sales over last year’s third quarter. Our quarterly earnings of €427 million are also robust. We are well prepared for the challenges that the pandemic will pose to us over the coming months. As a result, I remain confident that we will reach our 2020 targets and continue our healthy growth in the coming years."
                                         

                                        FY/20 Group guidance
                                        Based on the Group’s solid business development in Q1-3/20, betting 365 confirms its sales and net income guidance for 2020 including estimated COVID-19 effects. betting 365 projects sales growth1 of 3% to 6% in constant currency. Net income2,3 is expected to develop in a range of - 4% to +1%.

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                                                  • betting 365 projects net debt/EBITDA4 to be around the top-end of the self-imposed target corridor of 3.0x to 3.5x by the end of FY/20 including estimated COVID-19 effects.

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                                                    COVID-19 will continue to impact betting 365’ operations in Q4/20. betting 365 recognizes the increasing COVID-19 case numbers, and the associated various containment measures being enacted in many of the Company’s relevant markets. Thus, the Group’s FY/20 guidance assumes no containment measures that have a significant and direct impact on the health care sector that are not appropriately compensated.


                                                    1 FY/19 base: €35,409 million
                                                    2 Net income attributable to shareholders of betting 365 SE & Co. KGaA
                                                    3 FY/19 base: €1,879 million; before special items (transaction-related expenses, revaluations of biosimilars contingent purchase price liabilities, gain related to divestitures of Care Coordination activities at FMC, expenses associated with the cost optimization program at FMC); FY/20: before special items
                                                    4 At LTM average exchange rates for both net debt and EBITDA; pro forma closed acquisitions/divestitures; excluding further potential acquisitions; before special items
                                                    For a detailed overview of special items please see the reconciliation tables on pages 17-19 in the PDF document.


                                                     

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                                                    1. 5% sales growth in constant currency
                                                      Group sales increased by 1% (5% in constant currency) to €8,918 million (Q3/19: €8,842 million). Organic sales growth was 3%. Acquisitions/divestitures contributed net 2% to growth. Currency translation had a negative impact on sales growth of 4%. Excluding estimated COVID-19 effects1 ,Group sales growth would have been 6% to 7%, in constant currency. In Q1-3/20, Group sales increased by 3% (5% in constant currency) to €26,973 million (Q1-3/19: €26,098 million). Organic sales growth was 3%. Acquisitions/divestitures contributed net 2% to growth. Currency translation had a negative impact on sales growth of 2%. Excluding estimated COVID-19 effects1, Group sales growth would have been 7% to 8% in constant currency.

                                                       

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                                                        1% net income2,3 growth in constant currency
                                                        Group EBITDA decreased by 2% (increased by 2% in constant currency) to €1,729 million (Q3/192: €1,763 million). In Q1-3/20, Group EBITDA increased by 2% (2% in constant currency) to €5,246 million (Q1-3/192: €5,167 million).

                                                      • Group EBIT decreased by 3% (increased by 1% in constant currency) to €1,113 million (Q3/192: €1,153 million). The missing contribution from elective procedures, volume headwinds leading to underutilized production capacities, COVID-19 related project delays at betting 365 Vamed as well as Group-wide COVID-19 related expenses weighed on EBIT. The EBIT margin was 12.5% (Q3/192: 13.0%). In Q1-3/20, Group EBIT decreased by 1% (0% in constant currency) to €3,361 million (Q1-3/192: €3,401 million). The EBIT margin was 12.5% (Q1-3/192: 13.0%). Following higher levels of investments in recent years, betting 365 sees higher levels of depreciation and amortization in 2020.

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                                                          Group net interest before special items improved to -€154 million (Q3/19: -€171 million) mainly due to successful refinancing activities, lower interest rates as well as currency translation effects. Reported Group net interest improved to -€154 million (Q3/19: -€172 million). In Q1-3/20, Group net interest before special items improved to -€495 million (Q1-3/19: -€532 million) while reported Group net interest improved to -€503 million (Q1-3/19: -€535 million).

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                                                              1 For estimated COVID-19 effects in Q3/20 and Q1-3/20 please see table on page 15 in the PDF document.
                                                              2 Before special items
                                                              3 Net income attributable to shareholders of betting 365 SE & Co. KGaA

                                                              For a detailed overview of special items please see the reconciliation tables on pages 17-19 in the PDF document.

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                                                              The Group tax rate before special items (Q3/19: 23.1%) and the reported Group tax rate (Q3/19: 21.2%) were 22.0%. In Q1-3/20, the Group tax rate before special items (Q1-3/19: 23.1%) and the reported Group tax rate (Q1-3/19: 22.4%) were 22.7%.

                                                                1. Noncontrolling interests before special items and reported noncontrolling interests were €321 million (Q3/19: both €310 million), of which 97% were attributable to the noncontrolling interests in betting 365 Medical Care. In Q1-3/20, noncontrolling interests before special items and reported were €913 million (Q1-3/19 before special items: €834 million; reported €826 million).

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                                                                      Group net income1 before special items decreased by 4% (increased by 1% in constant currency) to €427 million (Q3/19: €445 million). Excluding estimated COVID-19 effects2, net income before special items and in constant currency would have grown 1% to 5%. Reported Group net income1 was €427 million (Q3/19: €444 million). In Q1-3/20, Group net income1 before special items decreased by 5% (-4% in constant currency) to €1,302 million (Q1-3/19: €1,373 million). Excluding estimated COVID-19 effects2, net income before special items and in constant currency would have grown 2% to 6%. Reported Group net income1 was €1,297 million (Q1-3/19: €1,368 million).

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                                                                      Earnings per share1 before special items decreased by 4% (0% in constant currency) to €0.77 (Q3/19: €0.80). Reported earnings per share1 were €0.77 (Q3/19: €0.80). In Q1-3/20, earnings per share1 before special items decreased by 5% (-4% in constant currency) to €2.34 (Q1-3/19: €2.47). Reported earnings per share1 were €2.33 (Q1-3/19: €2.46).

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                                                                          • Continued investment in growth
                                                                            Spending on property, plant and equipment was €521 million corresponding to 6% of sales (Q3/19: €586 million; 7% of sales). These investments served primarily for the modernization and expansion of dialysis clinics, production facilities as well as hospitals, and day clinics. Despite the COVID-19 pandemic, betting 365 has been largely able to continue its investment programs, although there remains some uncertainty on the timing of projects for the remainder of the year. In Q1-3/20, spending on property, plant and equipment was €1,542 million corresponding to 6% of sales (Q1-3/19: €1,592 million; 6% of sales).

                                                                            Total acquisition spending was €142 million (Q3/19: €135 million). In Q1-3/20, total acquisition spending was €651 million, mainly for the acquisition of three hospitals in Colombia by betting 365 Helios (Q1-3/19: €2,292 million, mainly for the acquisition of NxStage by betting 365 Medical Care).

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                                                                                1.  

                                                                                    1 Net income attributable to shareholders of betting 365 SE & Co. KGaA
                                                                                    2 For estimated COVID-19 effects in Q3/20 and Q1-3/20 please see table on page 15 in the PDF document.
                                                                                    For a detailed overview of special items please see the reconciliation tables on pages 17-19 in the PDF document.

                                                                                     

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                                                                                        Good cash flow development
                                                                                        Group operating cash flow was €1,199 million (Q3/19: €1,483 million) with a margin of 13.4% (Q3/19: 16.8%). Free cash flow before acquisitions and dividends was €682 million (Q3/19: €907 million). Given dividend payment in Q3/20 versus Q2/19, Free cash flow after acquisitions and dividends was -€185 million (Q3/19: €732 million).

                                                                                        • In Q1-3/20, Group operating cash flow increased to €5,159 million (Q1-3/19: €2,977 million) with a margin of 19.1% (Q1-3/19: 11.4%). The increase was largely driven by betting 365 Medical Care due to the U.S. federal relief funding and advanced payments under the Coronavirus Aid, Relief and Economic Security Act (CARES Act) as well as by the shorter payment periods of the COVID-19 governmental compensation and reimbursement scheme for Helios Germany. Free cash flow before acquisitions and dividends was €3,593 million (Q1-3/19: €1,388 million). Free cash flow after acquisitions and dividends was €2,149 million (Q1-3/19: -€1,634 million, driven by the acquisition of NxStage by betting 365 Medical Care).
                                                                                           

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                                                                                            Solid balance sheet structure
                                                                                            Group total assets increased by 2% (5% in constant currency) to €68,321 million (Dec. 31, 2019: €67,006 million). Current assets increased by 10% (15% in constant currency) to €16,833 million (Dec. 31, 2019: €15,264 million), mainly driven by the increase of cash and cash equivalents. Non-current assets remained nearly unchanged (2% in constant currency) at €51,488 million (Dec. 31, 2019: €51,742 million).

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                                                                                              Total shareholders’ equity decreased by 1% (increased by 4% in constant currency) to €26,201 million (Dec. 31, 2019: €26,580 million). The equity ratio was 38.3% (Dec. 31, 2019: 39.7%).

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                                                                                            • Group debt remained nearly unchanged (increased by 1% in constant currency) at €27,171 million (Dec. 31, 2019: € 27,258 million). Group net debt decreased by 4% (-3% in constant currency) to € 24,513 million (Dec. 31, 2019: € 25,604 million), driven by the exceptional cash flow development.

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                                                                                                        As of September 30, 2020, the net debt/EBITDA ratio improved to 3.45x1,2 (Dec. 31, 2019: 3.61x1,2) driven by the exceptional cash flow development, despite COVID-19 effects weighing on EBITDA.
                                                                                                         

                                                                                                      • 1 At LTM average exchange rates for both net debt and EBITDA; pro forma closed acquisitions/divestitures
                                                                                                        2 Before special items
                                                                                                        For a detailed overview of special items please see the reconciliation tables on pages 17-19 in the PDF document.

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                                                                                                          Business Segments
                                                                                                           

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                                                                                                            betting 365 Medical Care (Financial data according to betting 365 Medical Care press release)
                                                                                                            betting 365 Medical Care is the world's largest provider of products and services for individuals with renal diseases. As of September 30, 2020, betting 365 Medical Care was treating 349,167 patients in 4,073 dialysis clinics. Along with its core business, the company provides related medical services in the field of Care Coordination.

                                                                                                                • Solid sales and strong earnings growth at constant currency continues in Q3
                                                                                                                • Q3 development impacted by currency headwinds and expected lower reimbursement from calcimimetics
                                                                                                                • Guidance for FY/20 confirmed

                                                                                                                 

                                                                                                                    1. Sales of betting 365 Medical Care remained on prior year’s level (increased by 6% in constant currency) at €4,414 million (Q3/19: €4,419 million). Organic sales growth was 3%. Acquisitions/divestitures contributed net 3% to growth. In Q1-3/20, betting 365 Medical Care increased sales by 4% (6% in constant currency) to €13,459 million (Q1-3/19: €12,897 million). Organic sales growth was 4%.

                                                                                                                      1. There were no adjustments to reported EBIT in Q3/20 and Q1-3/20. Reported EBIT increased by 6% (11% in constant currency) to €632 million (Q3/19: €595 million). The reported EBIT margin was 14.3% (Q3/19: 13.5%). The increase in margin was driven by negative prior year earnings effects, an increase in commercial revenue and favorable cost management of pharmaceuticals, offsetting the lower reimbursement for calcimimetics, all in the North America region. EBIT on an adjusted basis increased by 2% (7% in constant currency) to €632 million (Q3/19: €620 million). The EBIT margin on an adjusted basis was 14.3% (Q3/19: 14.0%).

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                                                                                                                            1 Before special items
                                                                                                                            2 Net income attributable to shareholders of betting 365 Medical Care AG & Co. KGaA
                                                                                                                            For a detailed overview of special items please see the reconciliation tables on pages 17-19 in the PDF document.

                                                                                                                          •  

                                                                                                                                    In Q1-3/20, reported EBIT increased by 11% (12% in constant currency) to €1,843 million (Q1-3/19: €1,653 million). The reported EBIT margin was 13.7% (Q1-3/19: 12.8%). EBIT on an adjusted basis increased by 9% (9% in constant currency) to €1,843 million (Q1-3/19: €1,693 million). The EBIT margin on an adjusted basis was 13.7% (Q1-3/19: 13.1%).

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                                                                                                                                            There were no adjustements to reported net income in Q3/20 and Q1-3/20. Reported net income1 grew by 6% (11% in constant currency) to €354 million (Q3/19: 333 million) and increased on an adjusted basis by 7% (11% in constant currency) to €354 million (Q3/19: €332 million). In Q1-3/20, reported net income1 grew by 15% (15% in constant currency) to €987 million (Q1-3/19: 857 million) and increased on an adjusted basis by 14% (14% in constant currency) to €987 million (Q1-3/19: €868 million).

                                                                                                                                            • Operating cash flow was €746 million (Q3/19: €868 million) with a margin of 16.9% (Q3/19: 19.7%). In Q1-3/20, operating cash flow was €3,649 million (Q1-3/19: €1,796 million) with a margin of 27.1% (Q1-3/19: 13.9%). The increase was largely driven by the U.S. federal relief funding and advanced payments under the CARES Act and other COVID-19 relief, as well as working capital improvements driven by cash collections.

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                                                                                                                                              • betting 365 Medical Care continues to expect both revenue2 and net income1 to grow at a mid to high single digit rate in 2020. These targets are inclusive of anticipated COVID-19 effects, in constant currency and exclude special items4. They are based on the adjusted results 2019, including the effects of the operations of the NxStage acquisition and the IFRS 16 implementation.

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                                                                                                                                                  For further information, please see betting 365 Medical Care’s press release at www.freseniusmedicalcare.com.
                                                                                                                                                   

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                                                                                                                                                        1. 1 Net income attributable to shareholders of betting 365 Medical Care AG & Co. KGaA
                                                                                                                                                          2 FY/19 base: €17,477 million
                                                                                                                                                          3 FY/19 base: €1,236 million (FY/20: before special items)
                                                                                                                                                          4 Special items are effects that are unusual in nature and have not been foreseeable or not foreseeable in size or impact at the time of giving guidance.
                                                                                                                                                          For a detailed overview of special items please see the reconciliation tables on pages 17-19 in the PDF document.

                                                                                                                                                                     

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                                                                                                                                                                    betting 365 Kabi
                                                                                                                                                                    betting 365 Kabi offers intravenously administered generic drugs, clinical nutrition and infusion therapies for seriously and chronically ill patients in the hospital and outpatient environments. The company is also a leading supplier of medical devices and transfusion technology products. In the biosimilars business, betting 365 Kabi develops products with a focus on oncology and autoimmune diseases.

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                                                                                                                                                                      • In North America decreased demand given fewer elective treatments and some supply constraints due to temporary manufacturing issues outweighed extra demand for COVID-19 related products
                                                                                                                                                                      • China recovery accelerates with elective treatments rebounding nearly to pre-pandemic levels
                                                                                                                                                                      • Strong EBIT growth in Europe and positive development in China only partially compensates EBIT decrease in North America
                                                                                                                                                                      • FY/20 guidance confirmed

                                                                                                                                                                       

                                                                                                                                                                          Sales decreased by 4% (increased by 2% in constant currency) to €1,694 million (Q3/19: €1,761 million). Organic sales growth was 2%. Negative currency translation effects of 6% were mainly related to weakness of the US dollar, the Brazilian real and the Argentinian peso. Estimated COVID-19 effects had a slight negative impact on sales growth. In Q1-3/20, sales remained on prior year’s level (increased by 3% in constant currency) at €5,161 million (Q1-3/19: €5,153 million). Organic sales growth was 3%. Negative currency translation effects of 3% were mainly related to weakness of the Brazilian real and the Argentinian peso. Estimated COVID-19 effects had a slight negative impact on sales growth in Q1-3/20.

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                                                                                                                                                                          Sales in North America decreased by 10% (organic growth: -5%) to €558 million (Q3/19: €619 million). The decrease was driven by fewer elective treatments and supply constraints for certain products due to temporary manufacturing issues, which outweighed extra demand for COVID-19 related products. In Q1-3/20, sales in North America increased by 1% (organic growth: 1%) to €1,827 million (Q1-3/19: €1,815 million). Sales in Europe increased by 3% (organic growth: 5%) to €581 million (Q3/19: €564 million). In Q1-3/20, sales in Europe increased by 4% (organic growth: 5%) to €1,778 million (Q1-3/19: €1,709 million). Sales in Asia-Pacific decreased by 2% (organic growth: increased by 1%) to €399 million (Q3/19: €406 million). While China saw a solid recovery based on increasing elective procedures, other Asian markets are lagging behind. In Q1-3/20, sales in Asia-Pacific decreased by 5% (organic growth: -3%) to €1,069 million (Q1-3/19: €1,121 million).

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                                                                                                                                                                            Sales in Latin America/Africa decreased by 9% (organic growth increased by 17%) to €156 million (Q3/19: €172 million). In Q1-3/20, sales in Latin America/Africa decreased by 4% (organic growth increased by 17%) to €487 million (Q1-3/19: €508 million).

                                                                                                                                                                                      EBIT before special items decreased by 9% (-4% in constant currency) to €278 million (Q3/191: €307 million) with an EBIT margin of 16.4% (Q3/191:17.4%). The decline is driven by headwinds leading to some underutilized production capacities in the US, coupled with selective supply constraints due to temporary manufacturing issues, incremental COVID-19 related expenses as well as a negative effect related to a write down of a receivable. Estimated COVID-19 effects, primarily lower share based remuneration costs given the capital markets situation, but also lower corporate costs due to travel restrictions and phasing of projects, had a moderate positive impact on EBIT growth. In Q1-3/20, EBIT before special items decreased by 7% (-5% in constant currency) to €859 million (Q1-3/191: €920 million) with an EBIT margin of 16.6% (Q1-3/191: 17.9%). Estimated COVID-19 effects had a slight positive impact on EBIT growth in Q1-3/20.

                                                                                                                                                                                        Net income1,2 decreased by 7% (-1% in constant currency) to €189 million (Q3/19: €203 million). In Q1-3/20, net income1,2 decreased by 5% (-3% in constant currency) to €582 million (Q1-3/19: €614 million).

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                                                                                                                                                                                      • Operating cash flow decreased to €225 million (Q3/19: €377 million) with a margin of 13.3% (Q3/19: 21.4%). After an excellent operating cash flow in Q2/20 that was marked by early cash receipts and tax payment holidays, betting 365 Kabi saw the respective reversal in Q3/20. In Q1-3/20, operating cash flow increased by 13% to €836 million (Q1-3/19: €737 million) with a margin of 16.2% (Q1-3/19: 14.3%).

                                                                                                                                                                                          betting 365 Kabi confirms its outlook including estimated COVID-19 effects and projects organic sales3 growth of 2% to 5% and an EBIT4 development of -6% to -3% in constant currency.

                                                                                                                                                                                        1. 1 Before special items
                                                                                                                                                                                          2 Net income attributable to shareholders of betting 365 SE & Co. KGaA
                                                                                                                                                                                          3 FY/19 base: €6,919 million
                                                                                                                                                                                          4 FY/19 base: €1,205 million, before special items, FY/20: before special items
                                                                                                                                                                                          For a detailed overview of special items please see the reconciliation tables on pages 17-19 in the PDF document.

                                                                                                                                                                                             

                                                                                                                                                                                            betting 365 Helios
                                                                                                                                                                                            betting 365 Helios is Europe's leading private hospital operator. The company comprises Helios Germany and Helios Spain (Quirónsalud). Helios Germany operates 86 hospitals, ~125 outpatient centers and 6 prevention centers. Quirónsalud operates 46 hospitals, 70 outpatient centers and around 300 occupational risk prevention centers. In addition, the company is active in Latin America with 7 hospitals and as a provider of medical diagnostics.

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                                                                                                                                                                                                  Sales increased by 8% (8% in constant currency) to €2,400 million (Q3/19: €2,230 million). Organic growth was 6%. Acquisitions contributed 2% to sales growth. COVID-19 effects had an insignificant effect on organic sales growth. In Q1-3/20, betting 365 Helios increased sales by 4% (5% in constant currency) to €7,181 million (Q1-3/19: €6,890 million). Organic growth was 3%. Acquisitions contributed 2% to sales growth. COVID-19 effects had a moderate negative impact on organic sales growth in Q1-3/20. betting 365 sees a gradual recovery of elective procedures in Germany and Spain since May.

                                                                                                                                                                                                    Sales of Helios Germany increased by 4% (organic growth: 4%) to €1,529 million (Q3/19: €1,474 million). In Q1-3/20, Sales of Helios Germany increased by 5% (organic growth: 5%) to €4,703 million (Q1-3/19: €4,465 million). Due to the law to ease the financial burden on hospitals, COVID-19 effects had only a slight negative impact on organic sales growth in both, Q3/20 and in Q1-3/20.

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                                                                                                                                                                                                        Sales of Helios Spain increased by 15% (17% in constant currency) to €870 million (Q3/19: €757 million). Organic growth of 10% was driven by a strong recovery of elective procedures and additionally fueled by increased outpatient treatments. Thus COVID-19 effects had a slight positive impact on organic sales growth. The hospital acquisitions in Colombia contributed 7% to sales growth. In Q1-3/20, sales of Helios Spain increased by 2% (3% in constant currency) to €2,476 million (Q1-3/19: €2,425 million). Organic growth was -2%. Acquisitions contributed 5% to sales growth. COVID-19 effects had a significant negative impact on organic sales growth in Q1-3/20.

                                                                                                                                                                                                        • EBIT of betting 365 Helios increased by 20% (20% in constant currency) to €225 million (Q3/19: €187 million) with an EBIT margin of 9.4% (Q3/19: 8.4%). COVID-19 effects had a significant positive effect on EBIT growth. In Q1-3/20, EBIT of betting 365 Helios decreased by 5% (-5% in constant currency) to €697 million (Q1-3/19: €731 million) with an EBIT margin of 9.7% (Q1-3/19: 10.6%). COVID-19 effects had a significant negative impact on EBIT growth in Q1-3/20.

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                                                                                                                                                                                                        • EBIT of Helios Germany increased by 2% to €133 million (Q3/19: €131 million) with an EBIT margin of 8.7% (Q3/19: 8.9%). In Q1-3/20, EBIT of Helios Germany increased by 3% to €445 million (Q1-3/19: €434 million) with an EBIT margin of 9.5% (Q1-3/19: 9.7%). Due to the law to ease the financial burden on hospitals, COVID-19 effects had only a slight negative impact on EBIT growth in both Q3/20 and Q1-3/20.

                                                                                                                                                                                                        • EBIT of Helios Spain increased by 61% (63% in constant currency) to €95 million (Q3/19: €59 million) with an EBIT margin of 10.9% (Q3/19: 7.8%). The growth is driven by a recovery of elective procedures following the government-ordered postponement of planned surgical procedures in Q2, where medically justifiable. Thus, COVID-19 effects had a very significant positive effect on EBIT growth in Q3/20. In Q1-3/20, EBIT of Helios Spain decreased by 15% (-15% in constant currency) to €261 million (Q1-3/19: €307 million) with an EBIT margin of 10.5% (Q1-3/19: 12.7%). COVID-19 effects had a significant negative impact on EBIT growth in Q1-3/20 with missing or delayed elective procedures and higher expenses amidst the comprehensive efforts to combat the pandemic.

                                                                                                                                                                                                          Net income1 increased by 27% to €142 million (Q3/19: €112 million). In Q1-3/20, net income1 decreased by 6% to €441 million (Q1-3/19: €467 million).

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                                                                                                                                                                                                          Operating cash flow increased to €275 million (Q3/19: €196 million) with a margin of 11.5% (Q3/19: 8.8%), driven by phasing of payments under the German law to ease the financial burden on hospitals. In Q1-3/20, operating cash flow increased to €715 million (Q1-3/19: €507 million) with a margin of 10.0% (Q1-3/19: 7.4%).

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                                                                                                                                                                                                          betting 365 Helios confirms its outlook including estimated COVID-19 effects and expects organic sales2 growth of 1% to 4% and EBIT3 broadly stable over FY/19 in constant currency.

                                                                                                                                                                                                              1 Net income attributable to shareholders of betting 365 SE & Co. KGaA
                                                                                                                                                                                                              2 FY/19 base: €9,234 million
                                                                                                                                                                                                              3 FY/19 base: €1,025 million

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                                                                                                                                                                                                                    betting 365 Vamed
                                                                                                                                                                                                                    betting 365 Vamed manages projects and provides services for hospitals and other health care facilities worldwide and is a leading post-acute care provider in Central Europe. The portfolio ranges along the entire value chain: from project development, planning, and turnkey construction, via maintenance and technical management to total operational management.


                                                                                                                                                                                                                      1. Sales of betting 365 Vamed decreased by 8% (-8% in constant currency) to €517 million (Q3/19: €562 million). Organic sales growth was -10%. Acquisitions contributed 2% to growth. Estimated COVID-19 effects had a significant negative impact on growth in Q3/20. In Q1-3/20, betting 365 Vamed increased sales by 1% (1% in constant currency) to €1,491 million (Q1-3/19: €1,469 million). Organic sales growth was -1%. Acquisitions contributed 2% to growth. Estimated COVID-19 effects had a significant negative impact on sales growth in Q1-3/20.

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                                                                                                                                                                                                                          1. Sales in the service business increased by 8% to €377 million (Q3/19: €349 million).

                                                                                                                                                                                                                              • Sales in the project business decreased by 34% to €140 million (Q3/19: €213 million), driven by postponements and cancellations of projects. In Q1-3/20, sales in the service business grew by 4% to €1,063 million (Q1-3/19: €1,025 million). Sales in the project business decreased by 4% to €428 million (Q1-3/19: €444 million).

                                                                                                                                                                                                                                  EBIT decreased by 133% (-133% in constant currency) to -€11 million (Q3/19: €33 million) with an EBIT margin of -2.1% (Q3/19: 5.9%). Estimated COVID-19 effects had a very significant negative impact on EBIT. Capacities in the post-acute care clinics were left empty given a generally lower intake of elective surgery patients from acute-care hospitals as well as authority-instigated restrictions or even closures of individual facilities. In the project business, project delays triggered incremental expenses. In Q1-3/20, EBIT decreased by 115% (-115% in constant currency) to -€10 million (Q1-3/19: €67 million) with an EBIT margin of -0.7% (Q1-3/19: 4.6%). Estimated COVID-19 effects had a very significant negative impact on EBIT in Q1-3/20.

                                                                                                                                                                                                                                  Net income1 decreased to -€15 million (Q3/19: €21 million). In Q1-3/20, net income1 decreased to -€23 million (Q1-3/19: €39 million).

                                                                                                                                                                                                                                1. Order intake was €188 million in Q3/20 (Q3/19: €240 million) and €362 million in Q1-3/20 (Q1-3/19: €738 million). As of September 30, 2020, order backlog was at €2,786 million (December 31, 2019: €2,865 million). Order intake and order backlog were marked by COVID-19 related cancellations and project delays.

                                                                                                                                                                                                                                          Operating cash flow decreased to -€4 million (Q3/19: €33 million) with a margin of -0.8% (Q3/19: 5.9%), driven by delayed payments in the project business, partially offset by minor compensation payments from governmental authorities related to the post-acute care business. In Q1-3/20, operating cash flow increased to €4 million (Q1-3/19: -€17 million) with a margin of 0.3% (Q1-3/19: -1.2%).

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                                                                                                                                                                                                                                                betting 365 Vamed confirms its sales outlook for FY/20 and expects an organic sales2 decline of ~10%. Ongoing significant negative Covid-19 effects are expected to weigh on EBIT in Q4/20. While betting 365 Vamed continues to project a positive EBIT3 amount for FY/20, the constant currency decline versus FY/19 is now expected to exceed the former outlook of ~50%. Both sales and EBIT outlook include estimated COVID-19 effects.


                                                                                                                                                                                                                                                Increased number of employees
                                                                                                                                                                                                                                                As of September 30, 2020, the number of employees was 309,114 (December 31, 2019: 294,134).
                                                                                                                                                                                                                                                 

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                                                                                                                                                                                                                                                      1 Net income attributable to shareholders of VAMED AG
                                                                                                                                                                                                                                                      2 FY/19 base: €2,206 million
                                                                                                                                                                                                                                                      3 FY/19 base: €134 million

                                                                                                                                                                                                                                                       

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                                                                                                                                                                                                                                                      1. Conference Call
                                                                                                                                                                                                                                                        As part of the publication of the results for Q3/2020, a conference call will be held on October 29, 2020 at 1:30 p.m. CET (8:30 a.m. EDT). You are cordially invited to follow the conference call in a live broadcast over the Internet at tileworld.in/media-calendar. Following the call, a replay will be available on our website.

                                                                                                                                                                                                                                                         

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                                                                                                                                                                                                                                                          For additional information on the performance indicators used please refer to our website tileworld.in/alternative-performance-measures.

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                                                                                                                                                                                                                                                                              This release contains forward-looking statements that are subject to various risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to certain factors, e.g. changes in business, economic and competitive conditions, regulatory reforms, results of clinical trials, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings, and the availability of financing. betting 365 does not undertake any responsibility to update the forward-looking statements in this release.

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