Revenue and EBIT Growth
Revenue increased 18% in local currencies to DKK 1.8 billion; operating profit (EBIT) grew 22% to DKK 570 million, lifting the EBIT margin to 32% (from 31%).
Tablet Sales Milestone
For the first time, total tablet sales exceeded DKK 1 billion in a single quarter; tablet sales grew ~26% in Europe and 26% in North America in Q1.
Improved Gross Margin and Cash Generation
Gross margin improved to 69% (+2 percentage points) driven by higher volumes and product mix; cash flow from operating activities was DKK 761 million and free cash flow DKK 671 million.
Upgraded Full-Year Guidance
Full-year revenue outlook upgraded to 13%–16% growth in local currencies (from 11%–15%); EBIT margin outlook upgraded to around 26%.
Strong Regional Performance — Europe & North America
Europe revenue up 19% with high double-digit tablet growth in Germany and France; North America revenue up 16% in local currencies driven by tablet demand in Canada and U.S. support from neffy co-promotion arrangements.
Anaphylaxis and Other Product Strength
Sales of anaphylaxis and other products increased 31% overall; anaphylaxis-only sales up 84%, with Jext benefiting from higher replacement rates and tender wins.
Peanut Allergy Phase II Success
Phase II ALLIANCE trial showed dose-dependent, statistically significant efficacy across multiple endpoints after 6 months; safe and well tolerated with low discontinuation and no treatment-related anaphylaxis/serious adverse events — Phase III expected late 2026 (FDA Fast Track designated).
Regulatory Progress for EURneffy
European Commission approved 1 mg EURneffy for children (4+ years, 15–30 kg); Canada approved 2 mg in April — first launches expected in H2 2026 and post-summer respectively; UK legislative push (schools) supports future uptake.
Product Launch Rollouts and Prescriber Adoption
Pediatric tablet launched in majority of key European and North American geographies (house-dust-mite in 21 markets, tree pollen in 13); >4,000 prescribers in directly served markets have prescribed children’s tablets, with ~20% new to ALK.