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8 months ago
BRIEF-Fresenius, FMC to focus on IFRS reporting standard, drop U.S. GAAP
December 1, 2016 / 8:15 AM / 8 months ago

BRIEF-Fresenius, FMC to focus on IFRS reporting standard, drop U.S. GAAP

1 Min Read

Dec 1 (Reuters) - Fresenius Se

* Says will focus on ifrs reporting starting fiscal year 2017

* Says will then no longer provide u.s. Gaap financial information

* Says will focus on ifrs reporting and discontinue u.s. Gaap financial statements

* Says will focus its reporting on financial statements in accordance with international financial reporting standards (ifrs) in euro currency starting with the 2017 fiscal year on january 1, 2017

* Says discontinuation of u.s. Gaap reporting will not affect the sponsored level 2 american depositary receipt (adr) program of fresenius medical care ag & co. Kgaa in the united states Source text for Eikon: Further company coverage: (Frankfurt newsroom)

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