ANNUAL REPORT 2021
LUNDBECK
ANNUAL REPORT 2021
= CONTENTS
SUMMARY FOR
THE GROUP
2017-2021
CONTINUED
33/111
Key figures
2021
2020
20191
20181
20171
EBIT margin (%)
12.3
11.3
18.5
26.7
47.4
Research and development ratio (%)
23.5
25.7
18.3
18.1
15.7
Return on equity (%)
7.5
9.4
13.8
22.2
44.8
Equity ratio (%)
52.7
47.1
44.0
65.8
66.5
Invested capital (DKKm)
21,468
21,079
23,348
10,198
11,440
Net debt/EBITDA
0.9
0.9
1.4
(1.0)
(0.7)
Effective tax rate (%)
16.6
17.0
23.6
26.5
30.9
Purchase of intangible assets, gross (DKKm)
202
114
88
1,149
480
Purchase of property, plant and equipment, gross (DKKm)
410
364
356
300
245
Purchase of financial assets, gross (DKKm)
17
18
1,524
1,509
Average number of employees
5,488
5,717
5,475
5,060
4,980
Share data
2021
2020
20191
20181
20171
Number of shares for the calculation of EPS (millions)
198.7
198.7
198.7
198.7
197.5
Earnings per share, basic (EPS) (DKK)
6.63
7.96
11.64
17.88
28.14
Earnings per share, diluted (DEPS) (DKK)
6.63
7.96
11.64
17.87
28.10
Proposed dividend per share (DKK)
2.00
2.50
4.10
12.00
8.00
Cash flows from operating activities per share, diluted (DKK)
11.44
19.31
13.13
30.09
20.44
Net asset value per share, diluted (DKK)
92.01
85.42
84.45
84.67
76.03
Market capitalization (DKKm)
33,626 41,582 50,660 56,825
62,700
Price/Earnings, diluted (DKK)
25.47
26.25
21.86
15.97
11.21
Price/Cash flow, diluted (DKK)
14.76
10.82
19.38
9.48
15.41
Price/Net asset value, diluted (DKK)
1.84
2.44
3.01
3.37
4.14
1) 2017-2019 have been restated to reflect the reversal of an impairment loss on the RexultiⓇ product rights in 2017.View entire presentation