Bavarian Nordic A S (BVNKF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to the Bavarian Nordic Third Quarterly Report for the nine-month period ended 30th of September 2025 conference call and webcast. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. To ask a question during the session, please press star 1 and 1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1 and 1 again. Please note that today's conference is being recorded. I would now like to send the conference over to your speaker, Mr. Paul Chaplin, CEO. Please go ahead. Thank you and hello and welcome everyone to Bavarian Audit's Q3 results. Before I start, I just want to make sure you've seen our forward-looking statements on slide two. On slide three on today's call, you have myself, Paul Chaplin, and I will walk through the key highlights of the first nine months and talk a little bit about the excellent progress that we've made. And then I'll hand over to Henrik Juul, the CFO, who will walk you through the commercial performance and the financials. So if you go to slide four, it really has been a fantastic first nine months of the year. We've recorded close to 4.8 billion kroner in total revenues, which is a 32% increase compared to this time last year, which is a fantastic result and one that is really due to a strong performance across the whole portfolio, both travel health and public preparedness. And that has resulted in an EBITDA margin of 31%. We've had probably the strongest quarter for our travel health business, which is an endorsement of our strategy. And as I'm sure we have many new investors on today's call, I want to just take a few minutes wa...