Bavarian Nordic A/S Releases First Half Results and Revises Full Year Forecast

Written by Emily J. Thompson, Senior Investment Analyst

Source: SeekingAlpha

Updated: Aug 22 2025

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Source: SeekingAlpha

Financial Performance: Bavarian Nordic A/S reported a 32.7% year-over-year increase in revenue for the first half of the year, totaling DKK 3 billion, with significant growth in both Travel Health and Public Preparedness sectors.
Revenue Breakdown: Travel Health revenue rose by 24% to DKK 1,386 million, while Public Preparedness revenue surged by 51% to DKK 1,546 million compared to the same period last year.
EBITDA and Margin: The company achieved an EBITDA of DKK 961 million, resulting in an EBITDA margin of 32%.
2025 Outlook: Bavarian Nordic has refined its financial guidance for 2025, projecting total revenue between DKK 6,000-6,600 million and maintaining an EBITDA margin forecast of 26-30%, with potential increases when including recent sales.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.