FRANKFURT (dpa-AFX) - Thanks to higher targets for its subsidiary Helios, Fresenius shares are heading back towards last year's high of 31.22 euros on Wednesday. The shares of the Bad Homburg-based company gained more than three percent to 30.16 euros at midday.

Fresenius now expects its hospital subsidiary to achieve organic sales growth in the mid-single-digit percentage range. The operating result (EBIT) margin of 10 to 11 percent is targeted at the upper end of the previous range.

Jefferies expert James Vane-Tempest recalled that Helios grew by 5 percent in constant currency in the first quarter and that the margin was just over 11 percent./ag/jha/