H. Lundbeck AS (OCSE:HLUN A)

kr 39.95 0.5 (1.27%) Market Cap: 44.03 Bil Enterprise Value: 42.03 Bil PE Ratio: 15.30 PB Ratio: 1.71 GF Score: 44/100

Q1 2022 H Lundbeck A/S Earnings Call Transcript

May 11, 2022 / 11:00AM GMT

Transcript

Operator

Ladies and gentlemen, welcome to the financial statements for the first 3 months of 2022. (Operator Instructions)

Today, I am pleased to present Deborah Dunsire, President and CEO; Johan Luthman, Executive Vice President, Research and Development; Bjorn Mogensen, SVP, Group Finance. Speakers, you may begin.

Deborah Dunsire;S;President;CEO

H. Lundbeck A

/-&

Hello, everybody, and welcome to the first quarter update from Lundbeck. Thank you for joining us. Next slide, please.

That's -- looking at our forward-looking statements, I know you've all read them before, so we'll move on to talk about the business. First quarter in 2022 has been a strong quarter, driven by the momentum behind our strategic brands. Revenue achieved DKK 4.4 billion, up 2%, up 9% in total when we adjust for the Northera loss of exclusivity. The strategic brands were up 25% in aggregate and now constitute 61% of the total revenue of Lundbeck.

Vyepti continued to grow strongly, achieving DKK 170 million. And we

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