H Lundbeck A/S B (HLBBF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

So welcome everybody to the Lundbeck earnings call for quarter one, 2025. From the outset, I want to just make a quick statement to say again, these strong results of the first quarter are really serving as another proof point of the path we are on in terms of a focused innovator strategy, confirming very much that the path is very strong for us going forward. So let's go to the next slide, please. Of course, what we discussed today are forward-looking statements and, of course, subject to change. Let me then go to the next slide, please. Of course, I have the privilege of being joined by my exceptional team here who will cover, of course, the commercial update, but also R&D, the financial update, as well as the outlook for the 2025 period. So let's go to... the key summary slide. And here again, I want to emphasize as we've been consistent with you on a very clear equity story, which is one of advancing a focused innovative strategy around three areas, growing the assets we have, growing them well, making sure that we build a compelling innovative pipeline that will sustain the growth for the long term of the company, sustainable growth, and of course funding, thinking through very careful allocation and deployment of our capital to where we see the most opportunities for growth or innovation. And of course, I'm really pleased with the first quarter results, which are a strong validation of a lot of the effort and work we've done over the last 18 months to build the path going forward for Lundbeck. Firstly, our total revenue is growing at 16% and our strategic brands, which now make up 77% of our revenue, is growing at 24%. And most importantly, two key growth drivers for the long-term, VIEPTI at 62% and Rexalti at 28%. So again, a validation of a strong execution m...