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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 30, 2026
AI Summary
Q2 2026

Strong first half: UCB said total net sales rose 23% to EUR 4.1 billion and revenue rose 22% to EUR 4.3 billion, with growth driven mainly by its five growth products and solid CIMZIA performance.

BIMZELX momentum: Management raised BIMZELX peak sales potential to at least EUR 7 billion, citing broad launch progress, new superiority data in psoriatic arthritis, and expanding access.

Guidance up: UCB upgraded full-year 2026 guidance for both revenue and EBITDA, while noting second-half phasing effects from BRIVIACT LOE, prior-year gross-to-net benefits, and new BIMZELX access terms.

Pipeline expansion: The company advanced bepranemab into confirmatory Phase II, moved galvokimig into respiratory indications, and said cizutamig will enter Phase II exploratory studies in 2026.

BD active: UCB completed four acquisitions in the half, including Candid Therapeutics and Neurona, to deepen its immunology and epilepsy franchises.

Questions focused on pricing: Analysts pressed management on BIMZELX net price pressure from improved access; UCB said it is comfortable with Visible Alpha 2026 consensus and expects volume gains to build over time.

Key Financials
Net sales
EUR 4.1 billion
Revenue
EUR 4.3 billion
Revenue constant exchange rate growth
27%
Gross profit
EUR 3.5 billion
Gross margin
82%
Operating expenses
EUR 1.9 billion
Marketing and selling expenses
EUR 1.2 billion
R&D expenses
EUR 903 million
G&A expenses
EUR 0.0 billion
Other operating income
EUR 394 million
EBITDA
EUR 1.7 billion
EBITDA margin
40.7%
Group profit
EUR 1.1 billion
Net financial expenses
EUR 69 million
Net debt
EUR 2.8 billion
Core EPS
EUR 6.84
BIMZELX net sales
EUR 1.5 billion
CIMZIA net sales
EUR 954 million
BRIVIACT net sales
EUR 327 million
EVENITY net sales to UCB
above EUR 88 million
EVENITY net contribution
EUR 379 million
MG portfolio net sales
EUR 330 million
FINTEPLA net sales
EUR 239 million
Patients treated with BIMZELX
more than 135,000
Countries approved for BIMZELX
more than 50
Covered lives for BIMZELX
80%
HS dynamic market share in the U.S.
34%
PsO dynamic market share
35%
Rheumatology dynamic market share
30%
HS dynamic market share
45%
Net financial debt
EUR 2.8 billion
Core tax rate guidance
around 15%

Other Earnings Calls

2026
2017
2015
2014