esearch: 0) 0 CO O O N Ci2 OOOO N O4 NNNN CO O V O O CO CO o e- N CO Q U) fO U) O 8 ^ O OOO O OOOOO NN N NNN I,- O European MedTech & Services: 2018E Outlook: Significant Outperforrnance (Wang) Fresenius has de-rated over 2017 closer to its historical average... —?rcs jr ?:E —Average si