ANNUAL REPORT 2021
LUNDBECK
ANNUAL REPORT 2021
= CONTENTS
SUMMARY FOR
THE GROUP
2017-2021
32/111
Statement of profit or loss (DKKm)
2021
2020
20191
20181
20171
Revenue
16,299
17,672
17,036
18,117
17,234
Research and development costs
3,823
4,545
3,116
3,277
2,705
Reversal of impairment loss
3,766
Operating profit before depreciation and amortization (EBITDA)
3,720
4,783
4,823
6,436
9,190
Profit from operations (EBIT)
2,010
1,990
3,153
4,846
8,174
Net financials, expenses
429
84
127
12
131
Profit before tax
1,581
1,906
3,026
4,834
8,043
Profit for the year
1,318
1,581
2,313
3,553
5,560
Assets (DKKm)
2021
2020
20191
2018¹
20171
Non-current assets
26,041
25,924
29,095
13,944
13,893
Inventories
2,775
2,163
2,204
1,753
1,376
Receivables
3,558
4,018
3,822
3,261
3,791
Cash, bank balances and securities²
2,279
3,924
3,012
6,635
3,677
Total assets
34,653
36,029
38,133
25,593
22,737
Equity and liabilities (DKKm)
2021
2020
20191
2018¹
20171
Equity
18,279
16,973
16,782
16,833
15,117
Non-current liabilities
7,556
9,044
11,071
1,184
1,141
Current liabilities
8,818
10,012
10,280
7,576
6,479
Total equity and liabilities
34,653
36,029
38,133
25,593
22,737
Statement of cash flows (DKKm)
Cash flows from operating activities
Cash flows from investing activities
2021
2020
2019
2,272
3,837
(610)
(467)
Cash flows from operating and investing activities (free cash flow)
Cash flows from financing activities
1,662
3,370
(3,336)
2018
2,609
5,981
4,045
(7,755) (2,907) (1,830)
(5,146)
(2,394) 4,548
2017
3,074
(1,607)
2,215
(2,235)
Interest-bearing debt, cash, bank balances and securities, net, year-end
- net cash/(net debt)²
(3,189)
(4,106)
(6,566)
6,635
3,677
1) 2017-2019 have been restated to reflect the reversal of an impairment loss on the RexultiⓇ product rights in 2017.
2) In 2020 and 2021, securites amounted to DKK 0.View entire presentation