Bavarian Nordic collected consensus estimates prior to Q4/FY 2025 results.

	Consensus
DKK, million	Q4 2025E	2025E	2026E
Total revenue	1,221	5,979	5,181
Public Preparedness	766	3,100	2,023
Travel Health	445	2,727	2,985
Contract work	10	151	173
EBITDA margin, regular business (excl. net income from sale of Priority Review Voucher)	10%	26%	25%
EBITDA margin, total (incl. net income from sale of Priority Review Voucher)		40%

 

Number of participants: 6 analysts