Fundies.
English

H. Lundbeck A/S

ESEF
Report (type unavailable) · filed 2026-09-02

Annual consolidated revenue for 2025: about DKK 24.63B, using the latest reported figures. The previous period, 2024, was about DKK 22B.

Inspect reported changes Compare with another company Historical disclosures Segments
Watchlist

Latest quarter

Revenue

6.46 billion DKK

2026-06-30 · DKK

Exact inputs and evidence
  • Revenue: 6463000000 DKK Source

Operating margin

23.18%

2026-06-30 · %

Exact inputs and evidence
  • Operating Income: 1498000000 DKK Source
  • Revenue: 6463000000 DKK Source

Operating cash flow

1.98 billion DKK

2026-06-30 · DKK

Exact inputs and evidence
  • Operating Cash Flow: 1978000000 DKK Source
Cash and cash equivalents
2.2 billion DKK Source
Exact value

2196000000 DKK

Long-term debt including current maturities
Not available
Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

26 billion DKK

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 6279000000 DKK · 2025-07-01 – 2025-09-30 Source
  • Revenue: 24630000000 DKK · 2025-01-01 – 2025-12-31 Source
  • Revenue: 18537000000 DKK · 2025-01-01 – 2025-09-30 Source
  • Revenue: 7125000000 DKK · 2026-01-01 – 2026-03-31 Source
  • Revenue: 6463000000 DKK · 2026-04-01 – 2026-06-30 Source

Operating cash flow

5.8 billion DKK

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 2299000000 DKK · 2025-07-01 – 2025-09-30 Source
  • Operating cash flow: 5481000000 DKK · 2025-01-01 – 2025-12-31 Source
  • Operating cash flow: 4560000000 DKK · 2025-01-01 – 2025-09-30 Source
  • Operating cash flow: 599000000 DKK · 2026-01-01 – 2026-03-31 Source
  • Operating cash flow: 1978000000 DKK · 2026-04-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-09-02.

Financial data available through: 2025-12-31.

Coverage by financial measure
  • Revenue: 7 of 11 periods available· newest 2025-12-31
  • Operating income: 7 of 11 periods available· newest 2025-12-31
  • net income: No compatible figures in this window
  • Operating cash flow: 7 of 11 periods available· newest 2025-12-31
  • Capital expenditure: 7 of 11 periods available· newest 2025-12-31
  • Total assets: 7 of 11 periods available· newest 2025-12-31
  • Total liabilities: 7 of 11 periods available· newest 2025-12-31
  • Current assets: 7 of 11 periods available· newest 2025-12-31
  • Current liabilities: 7 of 11 periods available· newest 2025-12-31
  • Cash and cash equivalents: 7 of 11 periods available· newest 2025-12-31
  • long term debt: No compatible figures in this window
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +11.9%

    Prior period

    DKK 22 billion

    –

    Current period

    DKK 24.63 billion

    –

    Exact inputs and evidence

    24630000000 − 22004000000 = 2626000000 DKK

    22004000000 DKK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    24630000000 DKK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Operating cash flow

    +64.8%

    Prior period

    DKK 3.33 billion

    –

    Current period

    DKK 5.48 billion

    –

    Exact inputs and evidence

    5481000000 − 3326000000 = 2155000000 DKK

    3326000000 DKK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    5481000000 DKK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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  • Capital expenditure

    +9.1%

    Prior period

    DKK 508 million

    –

    Current period

    DKK 554 million

    –

    Exact inputs and evidence

    554000000 − 508000000 = 46000000 DKK

    508000000 DKK · 2024-01-01 – 2024-12-31

    Inspect prior input Prior source

    554000000 DKK · 2025-01-01 – 2025-12-31

    Inspect current input Current source
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Comparable inputs unavailable for: Net income.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

  • Revenue DKK 24.63 billion 100% of revenue
  • Operating costs Derived DKK 19.36 billion 79% of revenue
  • Operating income DKK 5.28 billion 21% of revenue
  • Tax, interest and other Derived Unavailable An input is unavailable.
  • Net income Unavailable An input is unavailable.

Cash

  • Operating cash flow DKK 5.48 billion 22% of revenue
  • Capital expenditure DKK 554 million 2.2% of revenue
  • Free cash flow Derived DKK 4.93 billion 20% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2019 Not shown: operating income or net income is not reported.
  • 2020 Not shown: operating income or net income is not reported.
  • 2021 Not shown: operating income or net income is not reported.
  • 2022 Not shown: operating income or net income is not reported.
  • 2023 Not shown: operating income or net income is not reported.
  • 2024 Not shown: operating income or net income is not reported.
  • 2025 Not shown: operating income or net income is not reported.
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2019 2019-01-01 – 2019-12-3117036000000 13883000000 Derived 3153000000 UnavailableUnavailable2253000000 Derived
Source
2020 2020-01-01 – 2020-12-3117672000000 15682000000 Derived 1990000000 UnavailableUnavailable3473000000 Derived
Source
2021 2021-01-01 – 2021-12-3116299000000 14289000000 Derived 2010000000 UnavailableUnavailable1862000000 Derived
Source
2022 2022-01-01 – 2022-12-3118246000000 15394000000 Derived 2852000000 UnavailableUnavailable3148000000 Derived
Source
2023 2023-01-01 – 2023-12-3119912000000 16717000000 Derived 3195000000 UnavailableUnavailable3803000000 Derived
Source
2024 2024-01-01 – 2024-12-3122004000000 18734000000 Derived 3270000000 UnavailableUnavailable2818000000 Derived
Source
2025 2025-01-01 – 2025-12-3124630000000 19355000000 Derived 5275000000 UnavailableUnavailable4927000000 Derived
Source

Amounts are exact, in DKK.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

DKK 24.6B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.26.6B20.0B13.3B6.7B0.0201920222025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(DKK)Source evidence
2019Revenue17036000000
2020Revenue17672000000
2021Revenue16299000000
2022Revenue18246000000
2023Revenue19912000000
2024Revenue22004000000
2025Revenue24630000000

Revenue growth

Change in revenue from the same financial period one year earlier.

11.9% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13.5%7.8%2.1%-3.6%-9.3%201920222025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2019Year over yearNo prior comparable period
2020Year over year3.7%
2021Year over year-7.8%
2022Year over year11.9%
2023Year over year9.1%
2024Year over year10.5%
2025Year over year11.9%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 21.4% 2025
Free cash flow margin 20% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.23.1%17.3%11.6%5.8%0.0%201920222025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2019Operating margin18.5%
2020Operating margin11.3%
2021Operating margin12.3%
2022Operating margin15.6%
2023Operating margin16%
2024Operating margin14.9%
2025Operating margin21.4%
2019-12-31Net marginNot reported
2020-12-31Net marginNot reported
2021-12-31Net marginNot reported
2022-12-31Net marginNot reported
2023-12-31Net marginNot reported
2024-12-31Net marginNot reported
2025-12-31Net marginNot reported
2019Free cash flow margin13.2%
2020Free cash flow margin19.7%
2021Free cash flow margin11.4%
2022Free cash flow margin17.3%
2023Free cash flow margin19.1%
2024Free cash flow margin12.8%
2025Free cash flow margin20%

Operating cash flow

Cash generated by the company’s normal business operations.

DKK 5.5B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.9B4.4B3.0B1.5B0.0201920222025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(DKK)Source evidence
2019Operating cash flow2609000000
2020Operating cash flow3837000000
2021Operating cash flow2272000000
2022Operating cash flow3519000000
2023Operating cash flow4080000000
2024Operating cash flow3326000000
2025Operating cash flow5481000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

DKK 4.9B 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.5.3B4.0B2.7B1.3B0.0201920222025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(DKK)Source evidence
2019Free cash flow2253000000
2020Free cash flow3473000000
2021Free cash flow1862000000
2022Free cash flow3148000000
2023Free cash flow3803000000
2024Free cash flow2818000000
2025Free cash flow4927000000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

52.2% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.61%46%31%15%0%201920222025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2019Liabilities / assets56%
2020Liabilities / assets52.9%
2021Liabilities / assets47.3%
2022Liabilities / assets44.5%
2023Liabilities / assets41.1%
2024Liabilities / assets56.6%
2025Liabilities / assets52.2%

Current assets to current liabilities

Current assets divided by current liabilities.

1.44× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.1.80×1.35×0.90×0.45×0.00×201920222025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2019Current assets / current liabilities0.88×
2020Current assets / current liabilities1.01×
2021Current assets / current liabilities0.98×
2022Current assets / current liabilities1.39×
2023Current assets / current liabilities1.66×
2024Current assets / current liabilities1.52×
2025Current assets / current liabilities1.44×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2019 2019-01-01 – 2019-12-31
Unavailable Not reported for this period.
DKK 2.61 billion
Exact value

Exact value: 2609000000 DKK

2019-01-01 – 2019-12-31: 2609000000 DKK Inspect Operating Cash Flow Open source
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DKK 356 million
Exact value

Exact value: 356000000 DKK

2019-01-01 – 2019-12-31: 356000000 DKK Inspect Capital Expenditure Open source
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DKK 2.25 billion
Calculation and evidence

2609000000 − 356000000 DKK

Exact free cash flow: 2253000000 DKK

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2020 2020-01-01 – 2020-12-31
Unavailable Not reported for this period.
DKK 3.84 billion
Exact value

Exact value: 3837000000 DKK

2020-01-01 – 2020-12-31: 3837000000 DKK Inspect Operating Cash Flow Open source
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DKK 364 million
Exact value

Exact value: 364000000 DKK

2020-01-01 – 2020-12-31: 364000000 DKK Inspect Capital Expenditure Open source
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DKK 3.47 billion
Calculation and evidence

3837000000 − 364000000 DKK

Exact free cash flow: 3473000000 DKK

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2021 2021-01-01 – 2021-12-31
Unavailable Not reported for this period.
DKK 2.27 billion
Exact value

Exact value: 2272000000 DKK

2021-01-01 – 2021-12-31: 2272000000 DKK Inspect Operating Cash Flow Open source
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DKK 410 million
Exact value

Exact value: 410000000 DKK

2021-01-01 – 2021-12-31: 410000000 DKK Inspect Capital Expenditure Open source
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DKK 1.86 billion
Calculation and evidence

2272000000 − 410000000 DKK

Exact free cash flow: 1862000000 DKK

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2022 2022-01-01 – 2022-12-31
Unavailable Not reported for this period.
DKK 3.52 billion
Exact value

Exact value: 3519000000 DKK

2022-01-01 – 2022-12-31: 3519000000 DKK Inspect Operating Cash Flow Open source
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DKK 371 million
Exact value

Exact value: 371000000 DKK

2022-01-01 – 2022-12-31: 371000000 DKK Inspect Capital Expenditure Open source
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DKK 3.15 billion
Calculation and evidence

3519000000 − 371000000 DKK

Exact free cash flow: 3148000000 DKK

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2023 2023-01-01 – 2023-12-31
Unavailable Not reported for this period.
DKK 4.08 billion
Exact value

Exact value: 4080000000 DKK

2023-01-01 – 2023-12-31: 4080000000 DKK Inspect Operating Cash Flow Open source
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DKK 277 million
Exact value

Exact value: 277000000 DKK

2023-01-01 – 2023-12-31: 277000000 DKK Inspect Capital Expenditure Open source
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DKK 3.8 billion
Calculation and evidence

4080000000 − 277000000 DKK

Exact free cash flow: 3803000000 DKK

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2024 2024-01-01 – 2024-12-31
Unavailable Not reported for this period.
DKK 3.33 billion
Exact value

Exact value: 3326000000 DKK

2024-01-01 – 2024-12-31: 3326000000 DKK Inspect Operating Cash Flow Open source
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DKK 508 million
Exact value

Exact value: 508000000 DKK

2024-01-01 – 2024-12-31: 508000000 DKK Inspect Capital Expenditure Open source
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DKK 2.82 billion
Calculation and evidence

3326000000 − 508000000 DKK

Exact free cash flow: 2818000000 DKK

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2025 2025-01-01 – 2025-12-31
Unavailable Not reported for this period.
DKK 5.48 billion
Exact value

Exact value: 5481000000 DKK

2025-01-01 – 2025-12-31: 5481000000 DKK Inspect Operating Cash Flow Open source
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DKK 554 million
Exact value

Exact value: 554000000 DKK

2025-01-01 – 2025-12-31: 554000000 DKK Inspect Capital Expenditure Open source
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DKK 4.93 billion
Calculation and evidence

5481000000 − 554000000 DKK

Exact free cash flow: 4927000000 DKK

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

23 filings · 1,975 latest values · 1,975 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 5493006R4KC2OI5D3470, esef:5493006R4KC2OI5D3470