Bavarian Nordic A/S (BVNRY) Q4 2025 Earnings Call Transcript [Seeking Alpha]
BAVARIAN NORDIC R/I S/ADR (BVNRY)
NASDAQ:AMEX Investor Relations:
bavarian-nordic.com/investor.aspx
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Source: Seeking Alpha
Paul Chaplin - CEO & President Henrik Juuel - CFO & Executive VP Conference Call Participants Romy O'Connor - Van Lanschot Kempen NV Thomas Bowers - SEB, Research Division Presentation Operator Good day, and thank you for standing by. Welcome to the Bavarian Nordic 2025 Annual Report. [Operator Instructions] Please be advised today's conference is being recorded. I'd now like to hand the conference over to your first speaker today, CEO, Paul Chaplin. Please go ahead. Paul Chaplin CEO & President Thank you, and welcome, everyone, to today's presentation, which is an update on our results for last year, 2025. Today, you'll hear from me a few slides from myself, and then I will hand over to Henrik Juuel, the CFO. So if you turn to Slide 4, we reported very strong results last year, DKK 6.2 billion in revenue with a 28% EBITDA margin. And this is the result of very strong performance of both arms of our commercial business on Travel Health, but also on public prepared
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