Michael Novot
Head of Investor Relations
Replay available
Novo Nordisk A/S (NYSE: NVO) Q4 2025 earnings conference call, held 2026-02-04. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Executive Officer
Executive Vice President, Product and Portfolio Strategy
Executive Vice President, U.S. Operations
Executive Vice President, Research & Development and Chief Scientific Officer
Chief Financial Officer
Analyst, Goldman Sachs
Analyst, Bank of America
Watch the replay and follow the connected company analysis, news, and investor updates for Novo Nordisk A/s Class B.
WEBVTT 00:00:00.301 -- 00:00:05.446 Good day and thank you for standing by. Welcome to the Q4 2025 Novo Nordisk 00:00:05.446 -- 00:00:09.930 Earnings Conference Call. At this time, all participants are in listen-only mode. 00:00:09.930 -- 00:00:13.213 After the speaker's presentation, there'll be a question and answer session. 00:00:13.213 -- 00:00:18.498 To ask a question during the session, you will need to press star 1 and 1 on your telephone. 00:00:18.498 -- 00:00:22.002 You will then hear an automated message advising your hand is raised. 00:00:22.002 -- 00:00:25.325 To withdraw your question, please press star 1 and 1 again. 00:00:25.325 -- 00:00:28.870 Please be advised that today's conference is being recorded. 00:00:28.870 -- 00:00:32.935 I would now like to hand the conference over to your first speaker today, Michael Novot, 00:00:32.935 -- 00:00:36.857 Head of Investor Relations. Please go ahead. 00:00:36.900 -- 00:00:41.005 Thank you very much, and welcome to this Novo Nordisk earnings call for the full year 00:00:41.005 -- 00:00:42.827 of 2025. 00:00:42.827 -- 00:00:46.872 My name is Michael Novot. I'm the Head of Investor Relations at Novo Nordisk. 00:00:46.872 -- 00:00:52.118 With me today I have CEO of Novo Nordisk, Mike Dustar, EVP Product 00:00:52.118 -- 00:00:57.625 and Portfolio Strategy, Ludovic Helfgott, EVP US Operations, Dave Moore, 00:00:57.625 -- 00:01:02.850 EVP Research and Development and Chief Scientific Officer, Martin Holtz-Lange, and Chief 00:01:02.850 -- 00:01:05.693 Financial Officer, Carsten Munch-Nusen. 00:01:05.693 -- 00:01:08.516 All speakers will be available for the Q&A session. 00:01:08.516 -- 00:01:13.681 Today's call is being webcasted live, and a recording will be made available on our website. 00:01:13.681 -- 00:01:18.444...