Lundbeck Q3 2019 Financial Results

Core gross margin improved in Q3 2019 despite LOE on Onfi Cost of Sales (core): Down 10% to DKK 1,798 million in 9M 2019 * Gross margin (core): Unchanged from 9M 2018 * Operational expenses (core OPEX): Increased 2% to DKK 6,807 million in 9M 2019 1.000 500 0 2.700 Cost of sales and gross margin (core) Q3.17 Operational Expenses and OPEX ratio (core) Core gross margin (%) Cost of sales (DKKm) 90% 85% 80% Q3.18 Q3.19 Cost ratio (%) OpEx (DKKm) 75% 47 1.800 900 50% 0 25% Q3.17 Q3.18 Q3.19 Lundbeck

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