ALK-BNasdaq CopenhagenBiotechnologyIFRS · DKK

ALK-Abelló A/S

ALK-Abelló A/S is a Danish biopharmaceutical company focused on allergy treatment and prevention. It develops, manufactures, and commercializes allergy immunotherapy products, including sublingual tablets and other allergy solutions, for patients and healthcare providers across international markets.

Liikevaihto6 312milj. DKK
+14,0 %v/v
Liikevoitto (EBIT)1 654milj. DKK
+51,6 %v/v
EBIT-marginaali26,2%
+6,5 %-yks.v/v
Nettotulos1 197milj. DKK
+46,9 %v/v
Vapaa kassavirta1 541milj. DKK
+61,7 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2021–2025

02 0004 0006 0008 000milj. DKK2021: 3 916 milj. DKK2021: EBIT 292 milj. DKK20212022: 4 511 milj. DKK2022: EBIT 470 milj. DKK20222023: 4 824 milj. DKK2023: EBIT 666 milj. DKK20232024: 5 537 milj. DKK2024: EBIT 1 091 milj. DKK20242025: 6 312 milj. DKK2025: EBIT 1 654 milj. DKK202512 kk 2026: 6 829 milj. DKK12 kk 2026: EBIT 1 825 milj. DKK12 kk6 8291 825
LiikevaihtoLiikevoitto (EBIT)12 kk = viimeiset 12 kuukautta, ei kokonainen tilikausi

Liiketoiminta

Osuus liikevaihdosta
Allergy immunotherapy tablets70 %

Prescription tablets used to treat specific allergies by exposing patients to controlled allergen doses.

Other allergy treatments15 %

Additional allergy medicines and therapies sold through healthcare channels.

Diagnostics and related products5 %

Products used in allergy testing, patient identification, and treatment support.

Licensing and collaboration income5 %

Income from partnerships, technology access, or related commercial arrangements.

Services and other income5 %

Other operating income associated with the allergy franchise and supporting activities.

Asiakkaat

ALK sells primarily into healthcare channels, where physicians prescribe allergy immunotherapy and pharmacies dispense treatment. Its end users are patients with allergic rhinitis, asthma-related allergies, and other sensitizations, while payers and healthcare systems influence access and reimbursement. The company also serves distributors and institutional partners in markets where commercialization is handled through local channels.

Physicians and allergy specialists

They prescribe ALK's immunotherapy products and drive treatment adoption through clinical preference.

Patients with respiratory allergies

They use the therapy products for long-term allergy treatment and symptom control.

Pharmacies and healthcare distributors

They dispense and distribute prescription allergy products to the market.

Healthcare payers and systems

They affect reimbursement, access, and adoption of immunotherapy treatments.

Strategia

ALK's strategy centers on expanding allergy immunotherapy adoption and broadening the reach of its core treatment platform. The business depends on building physician confidence, supporting patient persistence, and maintaining a differentiated product portfolio across major allergy markets. Scale in manufacturing, clinical evidence, and market access are important to strengthening its competitive position.

Expand allergy immunotherapy penetrationKeskipitkä aikaväli

The company's core growth opportunity comes from wider use of disease-modifying allergy treatments.

Strengthen international commercializationKeskipitkä aikaväli

Market access, reimbursement, and local execution determine how effectively products scale outside Denmark.

Invest in clinical and product differentiationPitkä aikaväli

Evidence and product performance are central to physician trust and long-term franchise value.

Maantiede

ALK is headquartered in Denmark and sells through an international footprint rather than a single domestic market. Its business depends on access to healthcare systems, regulatory approvals, and local commercialization capabilities in multiple countries. Because allergy treatment adoption differs by market, geography affects both demand mix and execution complexity.

Riskit

ALK faces commercialization risk because allergy immunotherapy depends on physician adoption, reimbursement, and patient persistence over time. As a healthcare company, it also faces regulatory, product quality, and clinical evidence risks, while competition and pricing pressure can affect market share and product economics. International operations add exposure to foreign exchange, market-access differences, and supply-chain execution.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Low adoption of allergy immunotherapy1Regulatory and reimbursement barriers2Manufacturing and quality control issues3Competitive pressure in allergy treatment4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Low adoption of allergy immunotherapyVaikutus: KorkeaTodennäköisyys: Kohtalainen

    The business relies on physicians prescribing a therapy that requires education, trust, and patient commitment.

    Kohdistuu: Core product franchise

  2. Regulatory and reimbursement barriersVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Healthcare products must clear country-specific approval, pricing, and reimbursement processes.

    Kohdistuu: International markets

  3. Manufacturing and quality control issuesVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Allergy therapies require consistent quality and uninterrupted supply to maintain patient treatment cycles.

    Kohdistuu: Production and distribution

  4. Competitive pressure in allergy treatmentVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Alternative therapies and competing allergy products can affect market share and pricing power.

    Kohdistuu: Product portfolio

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition

Prescription product sales and collaboration income may have different timing and allocation rules.

Vaikutus: Affects reported sales timing and comparability

Inventory and provisions

Pharmaceutical inventories and related reserves can change materially with shelf-life and forecast assumptions.

Vaikutus: Affects gross margin and working capital

Development costs

Capitalization, amortization, and impairment judgments can influence intangible asset balances.

Vaikutus: Affects operating expense and asset values

Foreign currency translation

International sales and operations create translation effects across multiple currencies.

Vaikutus: Affects reported revenue and equity

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.10.2026