H. Lundbeck AS (OTCPK:HLBBF)
$ 6.85 0 (0%) Market Cap: 6.59 Bil Enterprise Value: 6.29 Bil PE Ratio: 15.31 PB Ratio: 1.71 GF Score: 57/100

Q1 2023 H Lundbeck A/S Earnings Call Transcript

May 10, 2023 / 11:00AM GMT
Release Date Price: $5.15
Operator

Welcome to Lundbeck's financial statements for the first 3 months of 2023. (Operator Instructions) Today, I'm pleased to present Deborah Dunsire, President and CEO; Joerg Hornstein, Executive Vice President and CFO; and Johan Luthman, Executive Vice President of Research and Development.

Speakers, please begin.

Deborah Dunsire;S;President;CEO
H. Lundbeck A

/-&

Hello, everyone, and welcome to first quarter update from Lundbeck. Next slide, please. You've seen our forward-looking statements a number of times, so we'll move right through because we have a lot that's exciting to talk about on the next slide on Q1 performance.

First and foremost, this is the highest revenue quarter ever in Lundbeck's history with sales at a DKK 5 billion. That's an 11% in constant currency revenue growth, 15% reported. The strategic brands we'll talk about in more detail, but we're delighted with the progress that Vyepti is making. The strategic brands generally have grown extremely well, 19%, and now make up 65%

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