Owners, management and financials
CVR: 16271187
Previous names: ApS KBUS 38 NR. 2520, BAVARIAN NORDIC RESEARCH INSTITUTEA/S
DKK 6,243,956,000
Revenue
Net result: DKK 1,375,378,000
Arbejdsmarkedets Tillægspension (10-14,99%)
CVR · view owners
Paul John Chaplin, Henrik Juuel
Board: Anne Louise Eberhard (chair) and 14 members
CVR · view management
Active
Founded 1 July 1992
CVR · view overview
1,088 employees
CVR · 2026
Director registered: Henrik Juuel
CVR · 12/02/2021
View the full event history
BAVARIAN NORDIC A/S is a Danish company of the type Aktieselskab based in Hellerup, founded in 1992. The company is registered under the industry Fremstilling af farmaceutiske præparater. The company was previously named BAVARIAN NORDIC RESEARCH INSTITUTEA/S and ApS KBUS 38 NR. 2520. The management consists of Paul John Chaplin and Henrik Juuel. The board consists of Anne Louise Eberhard (chair), Heidi Marie Hunter, Anja Gjøl and Charl Gerhard Van Zyl. The company is owned by Arbejdsmarkedets Tillægspension. The company has 1,088 employees (2026). In 2025, the company reported revenue of DKK 6,243,956,000 and a net result of DKK 1,375,378,000 compared with DKK 987,977,000 the year before. Equity in the 2025 report amounted to DKK 12,870,078,000.
Source: annual report 2025, Danish Business Authority
Bavarian Nordic A/S is experiencing a strong recovery in its financial health, marked by significant profitability improvements over recent years. In 2025, the company reported revenue of 6.24 billion DKK and a profit of 1.38 billion DKK, up from a loss of 347 million DKK in 2022. The latest interim results for the first half of 2026 show revenue of 3.09 billion DKK and a profit of 748.6 million DKK, indicating a solid year-over-year growth compared to 2.99 billion DKK in revenue and 581.3 million DKK in profit during the same period in 2025. With equity increasing to 12.87 billion DKK, Bavarian Nordic is well-positioned within the pharmaceutical manufacturing industry, although ongoing monitoring of its margins and potential debt levels will be essential for sustained growth.
AI-generated summary · Generated 25/08/2026
Selskabets formål er at drive forskning, handel, fabrikation og dermed beslægtet virksomhed primært inden for medicinalbranchen.
Source: annual reports filed with the Danish Business Authority.
| Period | Revenue | Profit/Loss | Total Assets | Equity | Employees | Report |
|---|---|---|---|---|---|---|
| 202501/01/2025 – 31/12/2025 | 6.2 mia. | 1.4 mia. | 15 mia. | 12.9 mia. | 1795 | |
| 202401/01/2024 – 31/12/2024 | 5.7 mia. | 988 mio. | 14.4 mia. | 11.4 mia. | - | |
| 202301/01/2023 – 31/12/2023 | 7.1 mia. | 1.5 mia. | 14.4 mia. | 10.3 mia. | 1255 | |
| 202201/01/2022 – 31/12/2022 | 3.2 mia. | -347.4 mio. | 12.4 mia. | 7.1 mia. | - | |
| 202101/01/2021 – 31/12/2021 | 1.9 mia. | -464.8 mio. | 12.1 mia. | 7.4 mia. | - | |
| 202001/01/2020 – 31/12/2020 | 1.9 mia. | 277.5 mio. | 8.8 mia. | 4.9 mia. | 607 | |
| 201901/01/2019 – 31/12/2019 | 662.5 mio. | -346.8 mio. | 7 mia. | 1.9 mia. | - | |
| 201801/01/2018 – 31/12/2018 | 500.6 mio. | -361.9 mio. | 3.1 mia. | 2.2 mia. | - | |
| 201701/01/2017 – 31/12/2017 | 1.4 mia. | 181.3 mio. | 3.2 mia. | 2.5 mia. | - | |
| 201601/01/2016 – 31/12/2016 | 1 mia. | 30.6 mio. | 2.8 mia. | 2 mia. | - | |
| 201501/01/2015 – 31/12/2015 | 1 mia. | 59.4 mio. | 2 mia. | 1.3 mia. | - | |
| 201401/01/2014 – 31/12/2014 | 1.2 mia. | 25.9 mio. | 1.9 mia. | 1.3 mia. | - |
Daily closing prices, Nasdaq Copenhagen
Compared to 129 companies in Fremstilling af farmaceutiske præparater
Comparison is based on industry median values
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Sources: TED (the EU tender database) and udbud.dk
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Read about the CDS scoreThe CVR number of BAVARIAN NORDIC A/S is 16271187.
BAVARIAN NORDIC A/S is owned by Arbejdsmarkedets Tillægspension.
The management of BAVARIAN NORDIC A/S consists of Paul John Chaplin and Henrik Juuel.
The board of BAVARIAN NORDIC A/S consists of Anne Louise Eberhard, Heidi Marie Hunter and Anja Gjøl, with Anne Louise Eberhard as chair.
In 2025, BAVARIAN NORDIC A/S reported revenue of DKK 6,243,956,000.
BAVARIAN NORDIC A/S had 1,088 employees in 2026 according to the Danish CVR register.
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Contact info changed: new phone: 33268383, new email: [email protected] (September 10, 2026).
Contact info changed: new phone: 33268383, new email: [email protected] (September 4, 2026).
As of September 1, 2026, Thomas Duschek has joined the board of directors of BAVARIAN NORDIC A/S.
As of September 1, 2026, Jakob Møller Paulsen has joined the board of directors of BAVARIAN NORDIC A/S.
As of August 31, 2026, Thomas Duschek has left the board of directors of BAVARIAN NORDIC A/S.
As of August 31, 2026, Mette Boas Schwartzlose has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2026 – June 30, 2026.
Contact info changed: new phone: 33268383, new email: [email protected] (June 25, 2026).
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2026 – March 31, 2026.
Contact info changed: new phone: 33268383, new email: [email protected] (April 30, 2026).
BAVARIAN NORDIC A/S has published its annual report for 2025. Revenue came to DKK 6,243,956,000, and the net result was DKK 1,375,378,000.
As of April 21, 2026, Svend Andersen has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 21, 2026, Hans Martin Smith has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 21, 2026, Thomas Alex Bennekov has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 21, 2026, Karen Merete Jensen has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 21, 2026, Mathias Ulrich Grünfeld has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 21, 2026, Charl Gerhard Van Zyl has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 21, 2026, Sylwia Sokolowska has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 21, 2026, Maria Montserrat Montaner Picart has left the board of directors of BAVARIAN NORDIC A/S.
As of April 20, 2026, Sylwia Sokolowska has left the board of directors of BAVARIAN NORDIC A/S.
Contact info changed: new phone: 33268383, new email: [email protected] (April 8, 2026).
As of March 31, 2026, Britt Skaarup has left the board of directors of BAVARIAN NORDIC A/S.
Contact info changed: new phone: 33268383, new email: [email protected] (February 6, 2026).
As of December 17, 2025, Heidi Marie Hunter has joined the board of directors of BAVARIAN NORDIC A/S.
As of December 16, 2025, Heidi Marie Hunter has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2025 – September 30, 2025.
As of November 13, 2025, Anne Louise Eberhard has joined the board of directors of BAVARIAN NORDIC A/S.
As of November 13, 2025, Luc Eddy Debruyne has left the board of directors of BAVARIAN NORDIC A/S.
As of November 12, 2025, Anne Louise Eberhard has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has won the tender "Udbud af rammekontrakter vedr. rabiesvacciner og TBE-vacciner" issued by Statens Serum Institut worth 1 DKK.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2025 – June 30, 2025.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2025 – March 31, 2025.
BAVARIAN NORDIC A/S has published its annual report for 2024. Revenue came to DKK 5,716,206,000, and the net result was DKK 987,977,000.
As of April 9, 2025, Christina Anastasia Kiss Teichert has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Anne Louise Eberhard has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Mette Boas Schwartzlose has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Britt Skaarup has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Sylwia Sokolowska has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Anders Gersel Pedersen has left the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Linette Munksgaard Andersen has left the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Thomas Alex Bennekov has left the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Karen Merete Jensen has left the board of directors of BAVARIAN NORDIC A/S.
As of April 9, 2025, Mathias Ulrich Grünfeld has left the board of directors of BAVARIAN NORDIC A/S.
As of April 8, 2025, Christina Anastasia Kiss Teichert has left the board of directors of BAVARIAN NORDIC A/S.
As of April 8, 2025, Anne Louise Eberhard has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2024 – September 30, 2024.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2024 – June 30, 2024.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2024 – March 31, 2024.
BAVARIAN NORDIC A/S has published its annual report for 2023. Revenue came to DKK 7,062,340,000, and the net result was DKK 1,475,189,000.
As of April 16, 2024, KPMG P/S has been appointed auditor of BAVARIAN NORDIC A/S.
As of April 16, 2024, KPMG P/S has been appointed auditor of BAVARIAN NORDIC A/S.
As of April 16, 2024, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has stepped down as auditor of BAVARIAN NORDIC A/S.
As of April 16, 2024, Maria Montserrat Montaner Picart has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 16, 2024, Peter Henrik Kürstein-Jensen has left the board of directors of BAVARIAN NORDIC A/S.
As of February 29, 2024, Trisha Joy Winkelmann has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2023 – September 30, 2023.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2023 – June 30, 2023.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2023 – March 31, 2023.
BAVARIAN NORDIC A/S has published its annual report for 2022. Revenue came to DKK 3,150,793,000, and the net result was DKK -347,382,000.
As of March 30, 2023, Heidi Marie Hunter has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 30, 2023, Luc Eddy Debruyne has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 30, 2023, Johan Jules Van Hoof has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 30, 2023, Gerard van Odijk has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2022 – September 30, 2022.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2022 – June 30, 2022.
As of August 23, 2022, Elizabeth McKee Anderson has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2022 – March 31, 2022.
BAVARIAN NORDIC A/S has published its annual report for 2021. Revenue came to DKK 1,897,875,000, and the net result was DKK -464,775,000.
As of April 5, 2022, Erik Gregers Hansen has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2021 – September 30, 2021.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2021 – June 30, 2021.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2021 – March 31, 2021.
BAVARIAN NORDIC A/S has published its annual report for 2020. Revenue came to DKK 1,852,383,000, and the net result was DKK 277,521,000.
As of March 11, 2021, Christina Anastasia Kiss Teichert has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 11, 2021, Thomas Duschek has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 11, 2021, Anja Gjøl has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 11, 2021, Linette Munksgaard Andersen has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 11, 2021, Thomas Alex Bennekov has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 11, 2021, Karen Merete Jensen has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 11, 2021, Trisha Joy Winkelmann has joined the board of directors of BAVARIAN NORDIC A/S.
As of March 11, 2021, Mathias Ulrich Grünfeld has joined the board of directors of BAVARIAN NORDIC A/S.
As of February 12, 2021, Henrik Juuel is registered as director of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period July 1, 2020 – September 30, 2020.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2020 – June 30, 2020.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2020 – March 31, 2020.
BAVARIAN NORDIC A/S has published its annual report for 2019. Revenue came to DKK 662,488,000, and the net result was DKK -346,777,000.
As of April 2, 2020, Arbejdsmarkedets Tillægspension is registered as an owner of BAVARIAN NORDIC A/S with an ownership share of 10%.
BAVARIAN NORDIC A/S has published its interim report for the period July 1, 2019 – September 30, 2019.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2019 – June 30, 2019.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2019 – March 31, 2019.
BAVARIAN NORDIC A/S has published its annual report for 2018. Revenue came to DKK 500,617,000, and the net result was DKK -361,927,000.
As of April 24, 2019, Anne Louise Eberhard has joined the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period July 1, 2018 – September 30, 2018.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2018 – June 30, 2018.
As of June 1, 2018, Ole Larsen has stepped down as økonomidirektør of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2018 – March 31, 2018.
BAVARIAN NORDIC A/S has published its annual report for 2017. Revenue came to DKK 1,370,151,000, and the net result was DKK 181,343,000.
As of April 17, 2018, Claus Tycho Bræstrup has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2017 – September 30, 2017.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2017 – June 30, 2017.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2017 – March 31, 2017.
BAVARIAN NORDIC A/S has published its annual report for 2016. Revenue came to DKK 1,006,742,000, and the net result was DKK 30,600,000.
As of April 25, 2017, Elizabeth McKee Anderson has joined the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period July 1, 2016 – September 30, 2016.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2016 – June 30, 2016.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2016 – March 31, 2016.
BAVARIAN NORDIC A/S has published its annual report for 2015. Revenue came to DKK 1,020,561,000, and the net result was DKK 59,426,000.
As of April 20, 2016, Franciscus Arnoldus Gerardus Maria Verwiel has joined the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2015 – September 30, 2015.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2015 – June 30, 2015.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2015 – March 31, 2015.
BAVARIAN NORDIC A/S has published its annual report for 2014. Revenue came to DKK 1,216,815,000, and the net result was DKK 25,940,000.
BAVARIAN NORDIC A/S has published its interim report for the period July 1, 2014 – September 30, 2014.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2014 – June 30, 2014.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2014 – March 31, 2014.
BAVARIAN NORDIC A/S has published its annual report for 2013.
As of May 28, 2014, Ole Larsen is registered as økonomidirektør of BAVARIAN NORDIC A/S.
As of May 28, 2014, Paul John Chaplin is registered as adm. dir. of BAVARIAN NORDIC A/S.
As of May 28, 2014, Paul John Chaplin is registered as adm. dir. of BAVARIAN NORDIC A/S.
As of May 28, 2014, Anders Hedegaard has stepped down as adm. dir. of BAVARIAN NORDIC A/S.
As of May 28, 2014, Paul John Chaplin has stepped down as adm. dir. of BAVARIAN NORDIC A/S.
As of April 24, 2014, Asger Joseph Aamund has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 24, 2014, Anders Gersel Pedersen has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 24, 2014, Gerard van Odijk has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 24, 2014, Asger Joseph Aamund has left the board of directors of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S has published its interim report for the period July 1, 2013 – September 30, 2013.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2013 – June 30, 2013.
BAVARIAN NORDIC A/S has published its interim report for the period January 1, 2013 – March 31, 2013.
BAVARIAN NORDIC A/S has published its annual report for 2012.
As of April 16, 2012, Peter Henrik Kürstein-Jensen has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 16, 2012, Erling Johansen has left the board of directors of BAVARIAN NORDIC A/S.
As of October 13, 2011, DELOITTE STATSAUTORISERET REVISIONSPARTNERSELSKAB has been appointed auditor of BAVARIAN NORDIC A/S.
As of October 13, 2011, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has stepped down as auditor of BAVARIAN NORDIC A/S.
As of April 27, 2010, Erik Gregers Hansen has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 27, 2010, Flemming Pedersen has left the board of directors of BAVARIAN NORDIC A/S.
As of April 29, 2008, Claus Tycho Bræstrup has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 29, 2008, Eigil Bjerl Nielsen has left the board of directors of BAVARIAN NORDIC A/S.
As of August 1, 2007, Anders Hedegaard is registered as adm. dir. of BAVARIAN NORDIC A/S.
As of August 1, 2007, Peter Samuel Wulff has stepped down as director of BAVARIAN NORDIC A/S.
As of April 26, 2006, Flemming Pedersen has joined the board of directors of BAVARIAN NORDIC A/S.
As of April 26, 2006, Jørgen Buus Lassen has left the board of directors of BAVARIAN NORDIC A/S.
As of April 26, 2006, Ulrik Bülow has left the board of directors of BAVARIAN NORDIC A/S.
As of April 26, 2005, Pricewaterhouse Coopers has stepped down as auditor of BAVARIAN NORDIC A/S.
As of April 30, 2004, Ulrik Bülow has joined the board of directors of BAVARIAN NORDIC A/S.
On May 8, 2001, the company changed its name from BAVARIAN NORDIC RESEARCH INSTITUTEA/S to BAVARIAN NORDIC A/S.
As of May 10, 2000, Erling Johansen has joined the board of directors of BAVARIAN NORDIC A/S.
As of May 10, 2000, Volker Fritz Erfle has left the board of directors of BAVARIAN NORDIC A/S.
As of June 10, 1998, REVISIONS- OG FORVALTNINGS- INSTITUTET, AKTIESELSKAB has been appointed auditor of BAVARIAN NORDIC A/S.
As of January 17, 1995, Marianne Philip has left the board of directors of BAVARIAN NORDIC A/S.
On September 3, 1994, the company changed its name from ApS KBUS 38 NR. 2520 to BAVARIAN NORDIC RESEARCH INSTITUTEA/S.
As of September 2, 1994, Asger Joseph Aamund has stepped down as director of BAVARIAN NORDIC A/S.
As of November 12, 1992, Erik Tronborg Andersen has stepped down as auditor of BAVARIAN NORDIC A/S.
As of November 12, 1992, Per Emil Hasselbalch Stakemann has stepped down as director of BAVARIAN NORDIC A/S.
As of July 1, 1992, Erik Tronborg Andersen has been appointed auditor of BAVARIAN NORDIC A/S.
As of July 1, 1992, Pricewaterhouse Coopers has been appointed auditor of BAVARIAN NORDIC A/S.
As of July 1, 1992, Marianne Philip has joined the board of directors of BAVARIAN NORDIC A/S.
As of July 1, 1992, Jørgen Buus Lassen has joined the board of directors of BAVARIAN NORDIC A/S.
As of July 1, 1992, Eigil Bjerl Nielsen has joined the board of directors of BAVARIAN NORDIC A/S.
As of July 1, 1992, Volker Fritz Erfle has joined the board of directors of BAVARIAN NORDIC A/S.
As of July 1, 1992, Asger Joseph Aamund is registered as director of BAVARIAN NORDIC A/S.
As of July 1, 1992, Per Emil Hasselbalch Stakemann is registered as director of BAVARIAN NORDIC A/S.
As of July 1, 1992, Peter Samuel Wulff is registered as director of BAVARIAN NORDIC A/S.
BAVARIAN NORDIC A/S was founded on July 1, 1992.
28 news items and press releases
Bavarian Nordic – transaktioner i forbindelse med aktietilbagekøbsprogram
Bavarian Nordic – meddelelse om besiddelse af egne aktier
Bavarian Nordic – transaktioner i forbindelse med aktietilbagekøbsprogram
Bavarian Nordic udnævner Tarja Stenvall til administrerende direktør
Sources: Via Ritzau and Danish news media. Links open at the source.
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