Lundbeck shares slip on pessimistic earnings outlook

4 February 2026

Danish CNS specialist Lundbeck (CPH: HLUN-B) has reported fourth-quarter and 2025 financial results. 

Looking at the quarterly figures, revenues were in line with consensus expectations, while adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) beat forecasts by 4%.

Lundbeck posted quarterly revenue of 6.09 billion Danish kroner ($960 million), an increase of 10% on a year ago, and adjusted EBITDA of 1.61 billion kroner, up 40%. Adjusted earnings per share (EPS) came in at 0.94 kroner, down 11% and below consensus expectations of 1.17 kroner.

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