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Bavarian Nordic Announces Interim Results for the First Nine Months of 2025

COPENHAGEN, Denmark, November 14, 2025– Bavarian Nordic A/S (OMX: BAVA) announced today its interim financial results for the first nine months of 2025 and business progress for the third quarter of 2025. Revenue for the first nine months increased by 32% to DKK 4,793 million, reflecting a strong performance in both Travel Health and Public Preparedness.Travel Health revenue increased by 23% to DKK 2,327 million compared to the first nine months of 2024, primarily driven by increased...
Hellerup, (informazione.news - comunicati stampa - salute e benessere)

– Bavarian Nordic A/S (OMX: BAVA) announced today its interim financial results for the first nine months of 2025 and business progress for the third quarter of 2025.

Other operating income of DKK 810 million from the sale of the Priority Review Voucher was recognized in Q3 2025, contributing to an expected total EBITDA margin of approximately 40% for the full year.

said: “Our travel health portfolio has showed continued strength, contributing to our best quarter for this business to date. Driven by higher demand and strong performance by our rabies and TBE vaccines in key markets, but also by our recent launch of Vimkunya chikungunya vaccine and the commercial expansion across markets, we delivered 23% growth over the first nine months. We are on track to meet our financial expectations for 2025, which we are now refining to reflect that we now have full clarity of our Public Preparedness business for the remainder of the year. For next year, we have secured additional orders for this business through our recent framework agreement with HERA, demonstrating a continued and sustainable business. Following the withdrawal of the offer from the consortium of Nordic Capital and Permira after not reaching the threshold required for completion, we acknowledge the decision by the shareholders to continue as an independent company in support of our existing strategy, which we remain fully committed to.”


The management of Bavarian Nordic will host an investor/analyst call today at 2 pm CET (8 am EST) to present the interim results followed by a Q&A session. A listen-only version of the call and presentation slides can be accessed via https://bit.ly/bavaQ32025. To join the Q&A session, please register in advance via https://bit.ly/bavaQ32025reg.


As announced following the withdrawal of the takeover offer, Bavarian Nordic is planning an information meeting for its shareholders. The meeting will be held on Thursday, December 11, 2025, in the morning in Copenhagen. The meeting will be streamed live for shareholders not able to attend in person. Further details on time and location will follow soon.


Europe: Disa Tuominen, IR Manager, detu@bavarian-nordic.com
US: Graham Morrell, Gilmartin Group, graham@gilmartinir.com, Tel: +1 781 686 9600


Nicole Seroff, Vice President Corporate Communications, nise@bavarian-nordic.com, Tel: +45 53 88 06 03

Company Announcement no. 44 / 2025


Bavarian Nordic is a global vaccine company with a mission to improve health and save lives through innovative vaccines. We are a preferred supplier of mpox and smallpox vaccines to governments to enhance public health preparedness and have a leading portfolio of travel vaccines. For more information, visit www.bavarian-nordic.com


This announcement includes forward-looking statements that involve risks, uncertainties and other factors, many of which are outside of our control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Forward-looking statements include statements concerning our plans, objectives, goals, future events, performance and/or other information that is not historical information. All such forward-looking statements are expressly qualified by these cautionary statements and any other cautionary statements which may accompany the forward-looking statements. We undertake no obligation to publicly update or revise forward-looking statements to reflect subsequent events or circumstances after the date made, except as required by law.

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