BAVARIAN NORDIC A/S financials

BAVARIAN NORDIC A/S

Country: DK Reporting currency: DKK Latest annual report: 2026-03-31

LEI: 2138006JCDVYIN6INP51

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

Line item	2026	2025	2025
Income statement
Revenue	DKK 1.06B	DKK 6.24B	DKK 1.35B
Cost of sales	DKK 583.6M	DKK 3.20B	DKK 665.9M
Gross profit	DKK 474.2M	DKK 3.05B	DKK 680.6M
Other income	DKK 0	DKK 1.03B	DKK 0
Administrative expenses	DKK 160.8M	DKK 558.1M	DKK 127.3M
Operating expenses	DKK 481.2M	DKK 2.05B	DKK 421.8M
Operating profit (EBIT)	-DKK 7.0M	DKK 1.80B	DKK 258.9M
Finance costs	DKK 3.5M	DKK 53.9M	DKK 40.2M
Profit before tax	DKK 23.3M	DKK 1.80B	DKK 229.5M
Income tax expense	DKK 6.4M	DKK 425.6M	DKK 10.8M
Profit for the year	DKK 17.0M	DKK 1.38B	DKK 218.8M
Total comprehensive income	DKK 13.9M	DKK 1.45B	DKK 269.2M
Per share
Basic EPS	DKK 0.20	DKK 17.60	DKK 2.70
Diluted EPS	DKK 0.20	DKK 17.60	DKK 2.70
Free cash flow / share	DKK -9.25	DKK 32.20	DKK -4.81
Cash flow statement
Cash generated from operations	-DKK 767.7M	DKK 2.76B	-DKK 410.2M
Net cash from operating activities	-DKK 751.8M	DKK 2.72B	-DKK 387.0M
Income taxes paid	DKK 1.3M	DKK 111.7M	DKK 8.9M
Net cash from investing activities	-DKK 39.3M	-DKK 2.48B	-DKK 373.2M
Purchase of PP&E (capex)	DKK 32.1M	DKK 205.3M	DKK 2.8M
Net cash from financing activities	-DKK 230.8M	-DKK 114.4M	-DKK 161.0M
Repayments of borrowings	DKK 539.0K	DKK 2.1M	DKK 522.0K
Lease liability payments	DKK 6.7M	DKK 40.8M	DKK 10.3M
Net change in cash	-DKK 1.02B	DKK 122.7M	-DKK 921.2M
Balance sheet
Total assets	DKK 14.10B	DKK 14.95B	DKK 13.55B
Non-current assets	DKK 8.13B	DKK 8.22B	DKK 8.47B
Property, plant & equipment	DKK 2.06B	DKK 2.07B	DKK 2.11B
Right-of-use assets	DKK 109.3M	DKK 98.4M	DKK 74.5M
Current assets	DKK 5.97B	DKK 6.74B	DKK 5.08B
Inventories	DKK 2.66B	DKK 2.51B	DKK 2.47B
Trade & other receivables	DKK 881.5M	DKK 780.3M	DKK 1.17B
Cash & equivalents	DKK 692.9M	DKK 1.71B	DKK 691.5M
Total equity	DKK 12.69B	DKK 12.87B	DKK 11.56B
Non-current liabilities	DKK 491.5M	DKK 486.9M	DKK 189.2M
Lease liabilities (non-current)	DKK 83.1M	DKK 74.5M	DKK 64.4M
Current liabilities	DKK 922.4M	DKK 1.60B	DKK 1.81B
Lease liabilities (current)	DKK 43.7M	DKK 43.4M	DKK 37.9M
Deferred tax liabilities	DKK 314.0M	DKK 318.6M	DKK 0
Derived metrics
Free cash flow	-DKK 783.9M	DKK 2.52B	-DKK 389.9M
Operating margin	-0.7%	28.9%	19.2%
Net margin	1.6%	22.0%	16.2%
Return on equity	0.1%	10.7%	1.9%
Cash conversion ratio	-44.35×	1.98×	-1.77×
Capex coverage	-23.40×	13.26×	-137.84×
Other reported items
Adjustments For Decrease Increase In Inventories	-DKK 148.8M	-DKK 186.6M	-DKK 142.1M
Adjustments For Decrease Increase In Trade and Other Receivables	-DKK 119.3M	DKK 104.7M	-DKK 51.1M
Adjustments For Depreciation and Amortisation Expense and Impairment Loss Reversal of Impairment Loss Recognised In Profit Or Loss	DKK 172.5M	DKK 738.1M	DKK 160.7M
Adjustments For Finance Costs	DKK 3.5M	DKK 53.9M	DKK 40.2M
Adjustments For Finance Income	DKK 33.8M	DKK 51.0M	DKK 10.9M
Adjustments For Income Tax Expense	DKK 6.4M	DKK 425.6M	DKK 10.8M
Adjustments For Increase Decrease In Trade and Other Payables	-DKK 693.9M	DKK 220.2M	-DKK 663.9M
Adjustments For Provisions	DKK 1.1M	-DKK 707.0K	-DKK 1.4M
Adjustments For Sharebased Payments	DKK 27.8M	DKK 84.5M	DKK 28.7M
Computer Software	DKK 30.3M	DKK 24.2M	DKK 25.7M
Construction In Progress	DKK 251.9M	DKK 232.8M	DKK 153.7M
Current Advances	DKK 2.8M	DKK 9.9M	DKK 119.6M
Current Financial Assets At Fair Value Through Profit Or Loss	DKK 1.60B	DKK 1.62B	DKK 544.4M
Current Prepayments	DKK 75.9M	DKK 34.3M	DKK 131.1M
Current Tax Assets Current	DKK 13.4M	DKK 13.9M	DKK 9.0M
Current Tax Liabilities Current	DKK 10.5M	DKK 11.1M	DKK 0
Effect of Exchange Rate Changes On Cash and Cash Equivalents	DKK 254.0K	-DKK 31.7M	-DKK 10.8M
Equity and Liabilities	DKK 14.10B	DKK 14.95B	DKK 13.55B
Finance Costs Paid Classified As Operating Activities	-DKK 2.1M	DKK 16.7M	DKK 3.6M
Finance Income	DKK 33.8M	DKK 51.0M	DKK 10.9M
Finance Income Received Classified As Operating Activities	DKK 15.1M	DKK 86.4M	DKK 35.6M
Gains Losses On Cash Flow Hedges Before Tax	-DKK 21.7M	DKK 10.3M	DKK 60.4M
Income Tax Relating To Components of Other Comprehensive Income That Will Be Reclassified To Profit Or Loss	-DKK 4.8M	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 27.8M	—	DKK 28.7M
Increase Decrease Through Transactions With Owners	-DKK 195.7M	—	-DKK 121.4M
Intangible Assets Other Than Goodwill	DKK 5.88B	DKK 5.96B	DKK 6.24B
Issued Capital	DKK 792.4M	DKK 792.4M	DKK 788.5M
Land and Buildings	DKK 897.2M	DKK 906.0M	DKK 929.5M
Liabilities	DKK 1.41B	DKK 2.08B	DKK 2.00B
Noncurrent Financial Assets	DKK 91.4M	DKK 88.4M	DKK 56.1M
Noncurrent Prepayments	DKK 76.2M	DKK 73.3M	DKK 46.6M
Noncurrent Recognised Liabilities Defined Benefit Plan	DKK 84.1M	DKK 83.0M	DKK 112.2M
Other Comprehensive Income	-DKK 3.0M	DKK 73.1M	DKK 50.5M
Other Comprehensive Income Before Tax Exchange Differences On Translation	DKK 13.9M	DKK 5.9M	-DKK 10.0M
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 16.9M	—	DKK 60.4M
Other Comprehensive Income Net of Tax Exchange Differences On Translation	DKK 13.9M	—	-DKK 10.0M
Other Comprehensive Income That Will Be Reclassified To Profit Or Loss Net of Tax	-DKK 7.8M	DKK 45.4M	DKK 50.5M
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 513.8M	DKK 563.2M	DKK 431.9M
Other Current Receivables	DKK 41.5M	DKK 61.4M	DKK 63.1M
Other Expense By Function	DKK 0	DKK 222.8M	DKK 0
Other Noncurrent Receivables	DKK 15.3M	DKK 15.2M	DKK 9.5M
Other Operating Income Expense	DKK 0	DKK 810.1M	DKK 0
Other Reserves	DKK 287.1M	DKK 270.0M	DKK 262.3M
Par Value Per Share	DKK 10.00	—	—
Payments To Acquire Or Redeem Entitys Shares	DKK 223.5M	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 152.4M	DKK 721.9M	DKK 5.1M
Purchase of Financial Instruments Classified As Investing Activities	DKK 133.2M	DKK 1.80B	DKK 0
Purchase of Treasury Shares	DKK 223.5M	—	DKK 150.1M
Reclassification Adjustments On Cash Flow Hedges Net of Tax	DKK 0	-DKK 29.2M	DKK 0
Research and Development Expense	DKK 175.1M	DKK 780.3M	DKK 172.1M
Retained Earnings	DKK 11.63B	DKK 11.82B	DKK 10.52B
Trade and Other Current Payables To Trade Suppliers	DKK 349.4M	DKK 967.7M	DKK 477.1M
Treasury Shares	DKK 20.9M	DKK 9.7M	DKK 10.1M

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.