Bavarian Nordic A/S (CPH:BAVA)

Revenue by Segment

Financials in millions DKK. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Biotechnology	6.24B	5.72B	7.06B	3.15B	1.90B
Biotechnology Growth	9.23%	-19.06%	124.14%	66.02%	2.46%
Total	6.24B	5.72B	7.06B	3.15B	1.90B
Total Growth	9.23%	-19.06%	124.14%	66.02%	2.46%

Revenue by Geography

Financials in millions DKK. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
USA	2.70B	2.70B	2.58B	841.53M	1.07B
USA Growth	-0.22%	4.88%	206.24%	-21.12%	-6.35%
Germany	1.16B	972.76M	714.14M	650.21M	258.29M
Germany Growth	19.25%	36.21%	9.83%	151.74%	-27.62%
France	723.95M	268.77M	740.26M	268.19M	26.09M
France Growth	169.36%	-63.69%	176.02%	928.01%	-
Canada	223.46M	493.21M	1.56B	197.28M	10.52M
Canada Growth	-54.69%	-68.30%	688.73%	1776.03%	-
Japan	29.58M	38.17M	-	-	-
Japan Growth	-22.51%	-	-	-	-
England	213.59M	98.64M	-	-	-
England Growth	116.54%	-	-	-	-
Finland	182.51M	98.47M	15.72M	-	-
Finland Growth	85.35%	526.38%	-	-	-
Singapore	137.98M	124.65M	42.04M	-	-
Singapore Growth	10.69%	196.49%	-	-	-
Switzerland	108.33M	52.59M	107.74M	70.99M	24.14M
Switzerland Growth	105.98%	-51.19%	51.77%	194.04%	-33.19%
Australia	80.31M	17.10M	338.08M	97.66M	2.50M
Australia Growth	369.59%	-94.94%	246.19%	3799.96%	-
Saudi Arabia	72.60M	265.73M	4.84M	100.44M	-
Saudi Arabia Growth	-72.68%	5391.42%	-95.18%	-	-
Other Geographic Markets	518.95M	472.90M	371.66M	289.47M	228.15M
Other Geographic Markets Growth	9.74%	27.24%	28.39%	26.88%	134.37%
Spain	35.36M	54.73M	429.66M	11.97M	-
Spain Growth	-35.39%	-87.26%	3488.91%	-	-
Italy	35.02M	26.38M	-	-	-
Italy Growth	32.78%	-	-	-	-
Austria	25.31M	29.22M	-	-	-
Austria Growth	-13.36%	-	-	-	-
Belgium	-	-	-	335.40M	264.41M
Belgium Growth	-	-	-	26.85%	5967.23%
Netherlands	-	-	39.33M	-	-
Sweden	-	-	71.97M	2.86M	-
Sweden Growth	-	-	2416.29%	-	-
Taiwan	-	-	53.80M	-	-
United Kingdom	-	-	-	169.20M	16.98M
United Kingdom Growth	-	-	-	896.78%	-26.42%
Hong Kong	-	-	-	115.60M	-
Total	6.24B	5.72B	7.06B	3.15B	1.90B
Total Growth	9.23%	-19.06%	124.14%	66.02%	2.46%

Source: S&P Global Market Intelligence.