ALK-Abelló A/S/DKr ALK B

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About ALK-Abelló A/S

ALK-Abelló A/S is a pharmaceutical company engaged in the development and production of allergy immunotherapy products. Based in Hørsholm, Denmark, the company specializes in allergy treatments that include tablets, injections, and drops targeting common allergens such as grass, tree, and ragweed pollen, as well as house dust mites. Established in the early 20th century, ALK-Abelló has expanded its operations to serve markets globally, with a particular focus on Europe and North America. Its strategic advantage lies in its strong research capabilities and a comprehensive portfolio of allergy treatment options. The company's ongoing investment in innovation supports its goal to transform the treatment of allergies worldwide.
Ticker
DKr ALK B
Sector
Health
Primary listing
CSE
Employees
2,773
Headquarters
Horsholm, Denmark

ALK-Abelló A/S Metrics

BasicAdvanced
kr 43B
31.60
kr 6.10
0.71
kr 1.60
0.83%

Bulls say / Bears say

ALK delivered 18% revenue growth and 19% EBIT growth in Q2, while first-half free cash flow reached DKK 889 million. Management also raised the lower end of its 2026 revenue-growth outlook to 14%, supporting the case that momentum is broad and cash-generative. (Inderes)
NICE recommendations for ALK’s tree-pollen and house-dust-mite tablets expand reimbursed access to children through the UK health system. That creates a larger eligible patient pool and should support further tablet adoption. (Inderes)
ALK’s positive phase 2 peanut-allergy trial gives it a potential new growth platform beyond respiratory allergies. The company plans to move into phase 3, subject to regulatory feedback on the final trial design. (GlobeNewswire)
Growth is not yet translating into clear operating leverage: Q2 gross-margin gains were offset by higher sales, marketing and other strategic investment, leaving the EBIT margin unchanged at 25%. Full-year EBIT-margin guidance is only around 26%, so spending could continue to limit earnings conversion. (Inderes)
The peanut opportunity remains a development project rather than a commercial product. Phase 3 is still planned for late 2026 and depends on further discussions with regulators, leaving scope for trial-design, timing or approval setbacks. (GlobeNewswire, Inderes)
Product mix and pricing remain risks to profitability. Management expects lower-margin partner-related revenue from China and Japan, as well as neffy sales, while its earlier outlook still allowed for price and rebate pressure and weaker growth in SCIT and SLIT-drop products. (Roic AI, GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.

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