The earnings call demonstrated strong revenue growth and successful vaccine sales, particularly in the Travel Health and Public Preparedness segments. However, there were some challenges, such as declines in certain vaccine sales and concerns regarding Chikungunya outbreaks. Overall, the positive aspects significantly outweigh the challenges.

Company Guidance

In the recent Bavarian Nordic conference call, the company provided updated guidance reflecting a robust financial performance for the first half of 2025. The company reported a 33% increase in revenue year-over-year, achieving an EBITDA margin of 32%, driven by the sale of 5 million vaccine doses. The Travel Health segment saw a 24% growth, with rabies and TBE vaccines contributing significantly, whereas Public Preparedness secured contracts worth DKK 3.1 billion, exceeding the base business expectations of DKK 1.5 billion to DKK 2 billion. The company has maintained its EBITDA margin guidance for the year at 26% to 30% and expects a 42% margin, including a DKK 810 million net income from the sale of a Priority Review Voucher. Additionally, Bavarian Nordic announced a refined revenue guidance, raising the lower end to DKK 6 billion, reflecting confidence in achieving strong year-end results.

Strong Revenue Growth

Bavarian Nordic reported a 33% improvement in revenues for the first half of 2025 compared to the previous year, resulting in an EBITDA margin of 32%.

Successful Vaccine Sales

The company sold 5 million doses of vaccines, saving 5 million lives in the first half of the year.

Travel Health Segment Growth

Travel Health saw a 24% improvement, driven by strong sales of rabies and TBE vaccines. The rabies vaccine saw a 26% growth in Q2 and 37% for the first half of the year.

Chikungunya Vaccine Launch

The Chikungunya vaccine is now approved in the EU, U.S., and U.K., with launches in Germany and France. The company expects this vaccine to be a key asset in the Travel Health portfolio.

Public Preparedness Contracts

Bavarian Nordic secured DKK 3.1 billion in Public Preparedness contracts, exceeding the base business expectations.

Priority Review Voucher Sale

The sale of a Priority Review Voucher resulted in net income of DKK 810 million, potentially improving the EBITDA margin to 42% by year-end.

Bavarian Nordic (BVNRY) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

BVNRY Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 14, 2025	2025 (Q3)	- / -	0.044	―	―	―
Aug 22, 2025	2025 (Q2)	- / 0.24	0.161	46.58% (+0.07)
May 09, 2025	2025 (Q1)	- / 0.13	-0.071	285.92% (+0.20)
Mar 05, 2025	2024 (Q4)	- / 0.47	0.565	-17.17% (-0.10)
Nov 15, 2024	2024 (Q3)	- / 0.04	-0.213	120.66% (+0.26)
Aug 22, 2024	2024 (Q2)	- / 0.16	0.336	-52.08% (-0.18)	―
May 08, 2024	2024 (Q1)	- / -0.07	0.232	-130.60% (-0.30)
Feb 21, 2024	2023 (Q4)	- / 0.56	0.097	482.47% (+0.47)	―	―
Nov 16, 2023	2023 (Q3)	- / -0.21	0.008	-2762.50% (-0.22)	―
Aug 23, 2023	2023 (Q2)	- / 0.34	-0.161	308.70% (+0.50)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

BVNRY Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 22, 2025	$12.38	$12.50	+0.97%
May 09, 2025	$7.82	$8.29	+6.01%
Mar 05, 2025	$7.69	$8.08	+5.07%
Nov 15, 2024	$9.68	$7.96	-17.77%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Bavarian Nordic A/S (BVNRY) report earnings?

Bavarian Nordic A/S (BVNRY) is schdueled to report earning on Nov 14, 2025, Before Open (Confirmed).

What is Bavarian Nordic A/S (BVNRY) earnings time?

Bavarian Nordic A/S (BVNRY) earnings time is at Nov 14, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

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