H Lundbeck A/S HLUN A.CO · DKK

Health Care · Nasdaq Copenhagen · 🇩🇰 Denmark

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52.90

+2.52%

Close of 9 Nov 2026, in DKK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in DKK, from our data supplier.

FY2025

Revenue

DKK 24.35bn

FY2016FY2025

Net income

DKK 3.19bn

FY2016FY2025

Free cash flow

DKK 4.34bn

FY2016FY2025

Shareholders' equity

DKK 24.90bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	DKK 24.35bn	DKK 22.00bn	DKK 19.91bn	DKK 18.25bn	DKK 16.30bn	DKK 17.67bn	DKK 17.36bn	DKK 17.88bn	DKK 17.23bn	DKK 15.63bn
Gross profit	DKK 19.38bn	DKK 17.77bn	DKK 15.43bn	DKK 14.29bn	DKK 12.65bn	DKK 13.50bn	DKK 13.97bn	DKK 14.42bn	DKK 13.35bn	DKK 11.55bn
Research and development	DKK 4.70bn	DKK 4.50bn	DKK 3.46bn	DKK 3.75bn	DKK 3.82bn	DKK 4.54bn	DKK 3.12bn	DKK 3.28bn	DKK 2.71bn	DKK 2.97bn
Operating income	DKK 6.34bn	DKK 3.27bn	DKK 3.19bn	DKK 2.85bn	DKK 2.01bn	DKK 1.99bn	DKK 3.61bn	DKK 5.30bn	DKK 4.41bn	DKK 2.29bn
Net income	DKK 3.19bn	DKK 3.14bn	DKK 2.29bn	DKK 1.92bn	DKK 1.32bn	DKK 1.58bn	DKK 2.67bn	DKK 3.91bn	DKK 2.62bn	DKK 1.21bn
Diluted earnings per share	3.22	3.17	2.31	1.93	1.33	1.59	2.68	3.93	2.64	1.23

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	DKK 54.01bn	DKK 56.98bn	DKK 37.41bn	DKK 37.45bn	DKK 34.65bn	DKK 36.03bn	DKK 35.76bn	DKK 23.01bn	DKK 19.76bn	DKK 20.21bn
Cash and short-term investments	DKK 3.43bn	DKK 4.66bn	DKK 5.01bn	DKK 3.42bn	DKK 2.28bn	DKK 3.92bn	DKK 3.01bn	DKK 6.63bn	DKK 3.68bn	DKK 2.22bn
Total liabilities	DKK 29.11bn	DKK 31.97bn	DKK 15.36bn	DKK 16.67bn	DKK 16.37bn	DKK 19.06bn	DKK 21.20bn	DKK 8.76bn	DKK 7.58bn	DKK 10.52bn
Debt	DKK 12.05bn	DKK 16.95bn	DKK 4.15bn	DKK 5.58bn	DKK 5.32bn	DKK 7.89bn	DKK 9.58bn	DKK 72.0m	DKK 57.0m	DKK 1.90bn
Shareholders' equity	DKK 24.90bn	DKK 25.01bn	DKK 22.05bn	DKK 20.78bn	DKK 18.28bn	DKK 16.97bn	DKK 14.55bn	DKK 14.25bn	DKK 12.18bn	DKK 9.69bn
Shares outstanding	992m	991m	992m	993m	994m	994m	994m	994m	994m	988m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	DKK 4.90bn	DKK 3.33bn	DKK 4.08bn	DKK 3.52bn	DKK 2.27bn	DKK 3.84bn	DKK 2.61bn	DKK 5.98bn	DKK 4.04bn	DKK 3.13bn
Capital spending	−DKK 554.0m	−DKK 565.0m	−DKK 501.0m	−DKK 820.0m	−DKK 612.0m	−DKK 478.0m	−DKK 444.0m	−DKK 704.0m	−DKK 725.0m	−DKK 342.0m
Free cash flow	DKK 4.34bn	DKK 2.76bn	DKK 3.58bn	DKK 2.70bn	DKK 1.66bn	DKK 3.36bn	DKK 2.17bn	DKK 5.28bn	DKK 3.32bn	DKK 2.78bn
Dividends paid	−DKK 943.0m	−DKK 694.0m	−DKK 576.0m	−DKK 397.0m	−DKK 497.0m	−DKK 815.0m	−DKK 2.38bn	−DKK 1.59bn	−DKK 483.0m	—

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	DKK 6.52bn	DKK 7.03bn	DKK 5.81bn	DKK 6.28bn	DKK 6.02bn	DKK 6.24bn	DKK 5.54bn	DKK 5.72bn
Gross profit	DKK 5.15bn	DKK 5.62bn	DKK 3.86bn	DKK 5.43bn	DKK 4.93bn	DKK 5.15bn	DKK 4.47bn	DKK 4.63bn
Operating income	DKK 1.54bn	DKK 2.36bn	DKK 1.44bn	DKK 1.63bn	DKK 1.57bn	DKK 1.70bn	DKK 177.0m	DKK 811.0m
Net income	DKK 1.15bn	DKK 1.66bn	−DKK 27.0m	DKK 1.10bn	DKK 966.0m	DKK 1.15bn	DKK 590.0m	DKK 777.0m
Diluted earnings per share	1.16	1.67	-0.03	1.11	0.97	1.16	0.60	0.78
Cash from operations	DKK 1.98bn	DKK 599.0m	DKK 338.0m	DKK 2.30bn	DKK 1.63bn	DKK 632.0m	−DKK 1.15bn	DKK 2.30bn
Capital spending	−DKK 145.0m	−DKK 116.0m	−DKK 145.0m	−DKK 171.0m	−DKK 127.0m	−DKK 111.0m	−DKK 219.0m	−DKK 101.0m
Free cash flow	DKK 1.83bn	DKK 483.0m	DKK 193.0m	DKK 2.13bn	DKK 1.50bn	DKK 521.0m	−DKK 1.37bn	DKK 2.20bn
Total assets	DKK 52.70bn	DKK 52.30bn	DKK 54.01bn	DKK 53.19bn	DKK 51.80bn	DKK 54.22bn	DKK 56.98bn	DKK 39.52bn
Cash and short-term investments	DKK 2.20bn	DKK 1.96bn	DKK 3.43bn	DKK 3.48bn	DKK 2.65bn	DKK 2.70bn	DKK 4.66bn	DKK 8.32bn
Debt	DKK 9.03bn	DKK 10.52bn	DKK 11.26bn	DKK 12.00bn	DKK 13.27bn	DKK 14.77bn	DKK 16.52bn	DKK 3.79bn
Shareholders' equity	DKK 26.86bn	DKK 25.63bn	DKK 24.90bn	DKK 25.15bn	DKK 24.19bn	DKK 24.57bn	DKK 25.01bn	DKK 23.84bn

Financial ratios

Data as of 21 Sept 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Gross margin	79.6%	80.8%	77.5%	78.3%	77.6%	76.4%
Operating margin	26.0%	14.9%	16.0%	15.6%	12.3%	11.3%
Net margin	13.1%	14.3%	11.5%	10.5%	8.1%	8.9%
Return on equity	12.8%	12.6%	10.4%	9.2%	7.2%	9.3%
Return on assets	5.9%	5.5%	6.1%	5.1%	3.8%	4.4%
Free cash flow yield	13.1%	9.4%	11.0%	10.5%	6.9%	10.4%
Revenue growth	10.7%	10.5%	9.1%	11.9%	-7.7%	1.8%
Earnings growth	1.6%	37.2%	19.5%	45.4%	-16.6%	-40.7%
Current ratio	1.44x	1.52x	1.66x	1.39x	0.98x	1.01x
Debt to equity	0.45x	0.66x	0.17x	0.25x	0.27x	0.44x
Equity ratio	46.1%	43.9%	58.9%	55.5%	52.7%	47.1%
Interest coverage	11.72x	21.23x	32.94x	17.28x	9.39x	7.99x
R&D as a share of sales	19.3%	20.5%	17.4%	20.6%	23.5%	25.7%
Buybacks as a share of market value	-0.1%	0.1%	0.1%	0.1%	0.0%	0.1%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	10.1%	6.6%	5.3%
Operating income	30.5%	26.1%	—
Net income	18.5%	15.1%	—

Average margins

Over each period

	1 year	3 years	5 years	10 years
Gross margin	80.1%	79.1%	78.5%	77.3%
Operating margin	20.7%	18.5%	16.6%	14.3%
Net margin	13.7%	12.5%	11.3%	9.0%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022
Price to earnings	11.2	10.5	12.4	12.4
Price to sales	1.5	1.5	1.4	1.3

Dividends and splits

Per share, in the currency the company pays

Paid for 3 years. Last went ex-dividend on 19 Mar 2026.

	FY2026	FY2025	FY2024	FY2023
Paid in the year	1.15	0.95	0.70	0.58

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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H Lundbeck A/S HLUN A.CO · DKK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology