BAVARIAN NORDIC A/S financials

BAVARIAN NORDIC A/S

Country: DK Reporting currency: DKK Latest annual report: 2026-06-30

LEI: 2138006JCDVYIN6INP51

Financial statements (DKK, as reported — unscaled; 101 line items across 3 annual periods)

Line item	2026	2025-12-31	2025-06-30
Income statement
Revenue	DKK 3.09B	DKK 6.24B	DKK 3.00B
Cost of sales	DKK 1.39B	DKK 3.20B	DKK 1.40B
Gross profit	DKK 1.71B	DKK 3.05B	DKK 1.59B
Other income	DKK 0	DKK 1.03B	DKK 0
Administrative expenses	DKK 303.8M	DKK 558.1M	DKK 262.6M
Operating expenses	DKK 963.7M	DKK 2.05B	DKK 964.4M
Operating profit (EBIT)	DKK 741.8M	DKK 1.80B	DKK 629.9M
Finance costs	DKK 9.2M	DKK 53.9M	DKK 45.2M
Profit before tax	DKK 782.9M	DKK 1.80B	DKK 602.9M
Income tax expense	DKK 34.4M	DKK 425.6M	DKK 21.6M
Profit for the year	DKK 748.6M	DKK 1.38B	DKK 581.3M
Total comprehensive income	DKK 738.2M	DKK 1.45B	DKK 742.6M
Per share
Basic EPS	DKK 9.10	DKK 17.60	DKK 7.30
Diluted EPS	DKK 9.10	DKK 17.60	DKK 7.30
Free cash flow / share	DKK -5.52	DKK 32.20	DKK 10.34
Cash flow statement
Cash generated from operations	-DKK 431.3M	DKK 2.76B	DKK 847.7M
Net cash from operating activities	-DKK 400.7M	DKK 2.72B	DKK 883.0M
Income taxes paid	DKK 3.3M	DKK 111.7M	DKK 20.9M
Net cash from investing activities	-DKK 73.8M	-DKK 2.48B	-DKK 1.08B
Purchase of PP&E (capex)	DKK 53.6M	DKK 205.3M	DKK 59.5M
Net cash from financing activities	-DKK 463.7M	-DKK 114.4M	-DKK 172.8M
Repayments of borrowings	DKK 1.1M	DKK 2.1M	DKK 1.0M
Lease liability payments	DKK 15.7M	DKK 40.8M	DKK 21.7M
Net change in cash	-DKK 938.2M	DKK 122.7M	-DKK 371.5M
Balance sheet
Total assets	DKK 14.72B	DKK 14.95B	DKK 13.91B
Non-current assets	DKK 8.03B	DKK 8.22B	DKK 8.39B
Property, plant & equipment	DKK 2.04B	DKK 2.07B	DKK 2.10B
Right-of-use assets	DKK 104.2M	DKK 98.4M	DKK 98.2M
Current assets	DKK 6.69B	DKK 6.74B	DKK 5.52B
Inventories	DKK 2.68B	DKK 2.51B	DKK 2.65B
Trade & other receivables	DKK 1.51B	DKK 780.3M	DKK 904.2M
Cash & equivalents	DKK 776.7M	DKK 1.71B	DKK 1.22B
Total equity	DKK 13.22B	DKK 12.87B	DKK 12.05B
Non-current liabilities	DKK 481.3M	DKK 486.9M	DKK 208.4M
Lease liabilities (non-current)	DKK 75.6M	DKK 74.5M	DKK 81.9M
Current liabilities	DKK 1.02B	DKK 1.60B	DKK 1.65B
Lease liabilities (current)	DKK 43.8M	DKK 43.4M	DKK 40.0M
Deferred tax liabilities	DKK 312.1M	DKK 318.6M	DKK 0
Derived metrics
Free cash flow	-DKK 454.3M	DKK 2.52B	DKK 823.5M
Operating margin	24.0%	28.9%	21.0%
Net margin	24.2%	22.0%	19.4%
Return on equity	5.7%	10.7%	4.8%
Cash conversion ratio	-0.54×	1.98×	1.52×
Capex coverage	-7.47×	13.26×	14.85×
Other reported items
Adjustments For Decrease Increase In Inventories	-DKK 167.4M	-DKK 186.6M	-DKK 318.7M
Adjustments For Decrease Increase In Trade and Other Receivables	-DKK 774.6M	DKK 104.7M	DKK 206.0M
Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss	DKK 348.2M	DKK 738.1M	DKK 331.5M
Adjustments For Finance Costs	DKK 9.2M	DKK 53.9M	DKK 45.2M
Adjustments For Finance Income	DKK 50.4M	DKK 51.0M	DKK 18.3M
Adjustments For Income Tax Expense	DKK 34.4M	DKK 425.6M	DKK 21.6M
Adjustments For Increase Decrease In Trade and Other Payables	-DKK 636.1M	DKK 220.2M	-DKK 50.1M
Adjustments For Provisions	DKK 872.0K	-DKK 707.0K	DKK 837.0K
Adjustments For Sharebased Payments	DKK 56.0M	DKK 84.5M	DKK 48.4M
Computer Software	DKK 26.2M	DKK 24.2M	DKK 23.3M
Construction In Progress	DKK 263.2M	DKK 232.8M	DKK 190.8M
Current Advances	DKK 2.5M	DKK 9.9M	DKK 10.1M
Current Financial Assets At Fair Value Through Profit Or Loss	DKK 1.58B	DKK 1.62B	DKK 442.4M
Current Prepayments	DKK 83.0M	DKK 34.3M	DKK 128.4M
Current Tax Assets Current	DKK 13.4M	DKK 13.9M	DKK 1.3M
Current Tax Liabilities Current	DKK 35.1M	DKK 11.1M	DKK 0
Effect of Exchange Rate Changes On Cash and Cash Equivalents	DKK 362.0K	-DKK 31.7M	-DKK 31.3M
Equity and Liabilities	DKK 14.72B	DKK 14.95B	DKK 13.91B
Finance Costs Paid Classified As Operating Activities	DKK 102.1M	DKK 16.7M	DKK 5.5M
Finance Income	DKK 50.4M	DKK 51.0M	DKK 18.3M
Finance Income Received Classified As Operating Activities	DKK 135.9M	DKK 86.4M	DKK 61.6M
Gains Losses On Cash Flow Hedges Before Tax	DKK 13.3M	DKK 10.3M	DKK 2.7M
Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss	-DKK 6.7M	DKK 2.1M	DKK 0
Income Tax Relating To Components of Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss	DKK 0	DKK 6.2M	DKK 0
Increase Decrease Through Sharebased Payment Transactions	DKK 56.0M	—	DKK 48.4M
Increase Decrease Through Transactions With Owners	-DKK 390.9M	—	-DKK 101.7M
Intangible Assets Other Than Goodwill	DKK 5.80B	DKK 5.96B	DKK 6.13B
Issued Capital	DKK 792.4M	DKK 792.4M	DKK 788.5M
Land and Buildings	DKK 882.5M	DKK 906.0M	DKK 922.5M
Liabilities	DKK 1.51B	DKK 2.08B	DKK 1.86B
Noncurrent Financial Assets	DKK 94.8M	DKK 88.4M	DKK 63.6M
Noncurrent Prepayments	DKK 78.7M	DKK 73.3M	DKK 49.4M
Noncurrent Recognised Liabilities Defined Benefit Plan	DKK 83.8M	DKK 83.0M	DKK 114.4M
Other Comprehensive Income	-DKK 10.4M	DKK 73.1M	DKK 161.2M
Other Comprehensive Income Before Tax Exchange Differences On Translation	-DKK 30.4M	DKK 5.9M	DKK 158.5M
Other Comprehensive Income Before Tax Gains Losses On Remeasurements of Defined Benefit Plans	DKK 0	DKK 36.1M	DKK 0
Other Comprehensive Income Net of Tax Cash Flow Hedges	-DKK 23.7M	—	DKK 158.5M
Other Comprehensive Income Net of Tax Exchange Differences On Translation	DKK 13.3M	—	DKK 2.7M
Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax	-DKK 17.1M	DKK 45.4M	DKK 161.2M
Other Comprehensive Income That Will Not Be Reclassified To Profit Or Loss Net of Tax	DKK 0	DKK 29.9M	DKK 0
Other Current Liabilities	DKK 608.9M	DKK 563.2M	DKK 493.1M
Other Current Receivables	DKK 40.6M	DKK 61.4M	DKK 172.6M
Other Expense By Function	DKK 0	DKK 222.8M	DKK 0
Other Noncurrent Receivables	DKK 16.1M	DKK 15.2M	DKK 14.2M
Other Operating Income Expense	DKK 0	DKK 810.1M	DKK 0
Other Reserves	DKK 305.8M	DKK 270.0M	DKK 385.9M
Par Value Per Share	DKK 10.00	—	—
Payments To Acquire Or Redeem Entitys Shares	DKK 446.9M	DKK 150.1M	DKK 150.1M
Proceeds From Exercise of Warrants	DKK 0	DKK 78.7M	DKK 0
Proceeds From Sales Or Maturity of Financial Instruments Classified As Investing Activities	DKK 96.1M	DKK 721.9M	DKK 407.6M
Purchase of Financial Instruments Classified As Investing Activities	DKK 59.9M	DKK 1.80B	DKK 300.5M
Purchase of Treasury Shares	DKK 446.9M	—	DKK 150.1M
Reclassification Adjustments On Cash Flow Hedges Net of Tax	DKK 0	-DKK 29.2M	DKK 0
Research and Development Expense	DKK 338.6M	DKK 780.3M	DKK 465.4M
Retained Earnings	DKK 12.15B	DKK 11.82B	DKK 10.88B
Trade and Other Current Payables To Trade Suppliers	DKK 331.7M	DKK 967.7M	DKK 1.10B
Treasury Shares	DKK 32.8M	DKK 9.7M	DKK 9.7M

Methodology

Every line item above is a fact tagged in BAVARIAN NORDIC A/S's annual report filed in the European Single Electronic Format (ESEF) under the IFRS taxonomy (ifrs-full) — the income statement, balance sheet and cash-flow statement as the filer reported them. Values are shown as-is, in the reporting currency (DKK), without rescaling; the row labels map to the underlying concept name (e.g. Revenue → ifrs-full:Revenue, Operating profit → ifrs-full:ProfitLossFromOperatingActivities, Diluted EPS → ifrs-full:DilutedEarningsLossPerShare), and any concept without a curated label is shown under “Other reported items” with its de-camel-cased tag name. Only consolidated, default-member facts are shown (segment / dimensional breakdowns are excluded).

“Derived metrics” (free cash flow, margins, ROE, …) are computed from those facts by the same model the U.S. financials pages use — not tagged by the filer.

Source: machine-readable OIM xBRL-JSON aggregated by filings.xbrl.org (XBRL International). Entity identity is resolved by LEI via the public-domain GLEIF register. This is reference data, not investment advice.