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.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。