H Lundbeck A/S B (HLBBF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Of course, I'm very pleased with the report of today and that we are off to a great start in 2026. These results certainly present to us a clear proof point of our transformation in our focus innovator strategy, and that we are leaving nothing to chance in terms of purposeful execution. It's also great to see the impact of my fantastic leadership team in terms of delivering these results and transforming Lundbeck for the future. So if I could have the next slide, please. So, of course, today is subject to forward-looking statements and, of course, subject to change. If we go to the next slide. So let me unpack a little bit the more specific points of our strong Q1 and how we're seeing progress across the company. So we're delivering very much on our three key areas of our focus innovator strategy, which is growth, innovation, and the funding. And let me talk first about growth. What is really pleasing to see in the first quarter and also the underlying performance is the investments and the actions we're taking against our strategic brands, which are growing at 21%. This is led by VIEPTI at 47% and Rexalti at 22%. Very strong underlying growth of each of these assets that speaks to our discipline execution across all our key markets. As you will recall, also, we have transitioned to 27 markets into a commercial partnership model. And I have to say that that transition has gone really well and off to a great start. And the early signs give us confidence that this is fitting within our strategic intent and allowing us to refocus and play to win in the markets where we operate directly. Let me talk to the second part of our focused innovation strategy, which is innovation. Also here, very strong progress in terms of diversifying the pipeline and the pipeline acceleratin...