BioNTech SE 4Q Profit Declines as Demand for Covid-19 Vaccines Wanes

Dow Jones
Yesterday
 

By Denny Jacob

 

BioNTech SE posted a smaller profit in its latest quarter as sales slumped under reduced demand for its Covid-19 vaccines.

The German developer of RNA vaccines and immunotherapies logged a profit of 259.5 million euros ($281.1 million), or 1.08 euros a share, for the fourth quarter, compared to 457.9 million euros ($496.1 million), or 1.88 euros a share, in the prior-year period.

Revenue declined to 1.19 billion euros from 1.48 billion euros. Analysts polled by FactSet expected 1.09 billion euros.

The top-line decline reflects lower sales of the company's Covid-19 vaccines due to reduced market demand throughout the year.

"We expect 2025 to be a data-rich year with multiple important updates from our priority programs," said Chief Executive Ugur Sahin.

BioNTech forecast revenue between 1.7 billion euros and 2.2 billion euros in 2025. Analysts polled by FactSet expected 2.54 billion euros.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

March 10, 2025 07:39 ET (11:39 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10