H. Lundbeck AS Ordinary Shares - Class B

HLUN B: XCSE (DNK)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Lundbeck Earnings: Strong Vyepti Execution Offsets Legacy Asset Dependence

Rachel Elfman

Aug 20, 2026

Lundbeck's second-quarter revenue grew 16% at constant exchange rates. Revenue from its strategic brands increased by 17%, reaching nearly DKK 10.5 billion, representing 77% of total revenue. Management maintained its 2026 guidance of revenue growing 7%-9% at constant exchange rates.

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H. Lundbeck AS Ordinary Shares - Class B

Lundbeck Earnings: Strong Vyepti Execution Offsets Legacy Asset Dependence

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