Lundbeck Q3 2019 Financial Results

Europe and International Markets have returned to strong dynamic growth * Strong improvement in both growth and profitability in Europe International Markets shows solid growth driven by Australia, Japan, Korea and South East Asia North America impacted by generic erosion, mainly Onfi Largest markets are the U.S., China, Canada, Spain, Italy, France and Japan constituting >70% of sales# Regional growth (9M 2019 - DKKm) North America International Markets +8% Europe +7% 44 Sales by region* (9M 2019) -14% 20% -1.500 -1.000 -500 0 500 North America International Markets Europe 24% 56% #) Excluding Other revenue and effects from hedging Lundbeck

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