Bavarian Nordic A/S ( (BVNRY) ) has released its Q3 earnings. Here is a breakdown of the information Bavarian Nordic A/S presented to its investors.
Bavarian Nordic A/S is a global vaccine company specializing in innovative vaccines to improve public health, particularly in travel health and public preparedness against diseases like mpox and smallpox. The company operates primarily in the pharmaceutical sector with significant partnerships with governments and international organizations.
In the first nine months of 2024, Bavarian Nordic reported revenues of DKK 3,622 million with an operating profit (EBITDA) of DKK 692 million. The company maintained its financial guidance for the full year, expecting revenues between DKK 5,400 million and DKK 5,800 million, bolstered by increased demand for mpox vaccines and robust growth in the travel health segment.
Key highlights include an 18% revenue increase in the Travel Health division, driven by products like Rabipur/RabAvert and Encepur, while the Public Preparedness segment maintained stable revenues. The company has been actively involved in combating the mpox outbreak in Africa, delivering vaccines swiftly and expanding its manufacturing capacity to meet future demands. Regulatory approvals in various regions have also bolstered their vaccine’s market presence.
Looking forward, Bavarian Nordic is poised for growth in 2025, with secured vaccine orders for mpox/smallpox and the anticipated launch of the chikungunya vaccine in Europe and the U.S. The company aims to continue expanding its global impact through strategic partnerships and innovative solutions.
