Strong Financial Performance
Revenue grew by 18% and earnings were up 41% in local currencies, yielding an EBIT margin of 28%. The full-year revenue growth is expected to be 13% to 15%, with an EBIT margin increase to approximately 26%.
Successful Pediatric Tablet Launches
The rollout of the house dust mite tablet, ACARIZAX, and the tree tablet, ITULAZAX, for children progressed well, contributing to the inflow of new patients and attracting new prescribers.
Partnership in China
ALK entered a partnership with GenSci in China to accelerate the uptake of house dust mite allergy products. The partnership is expected to be margin accretive, with potential payments up to DKK 1.3 billion.
Neffy Launch in Europe
EURneffy, the adrenaline spray, gained traction in Germany and was introduced in the U.K., indicating long-term potential despite challenges.
Growth Across Regions
Europe reported 18% growth, North America 20%, and international markets 14%, driven by strong tablet sales and the anaphylaxis portfolio.
Improved Cash Flow and Debt Position
Free cash flow almost doubled to DKK 836 million, and the net debt-to-EBITDA ratio is now at minus 0.1, indicating no debt.