Genmab A/S (GMAB) annual results, year to 31 December 2023: revenue USD 2,390 million, from the 20-F
Genmab A/S files a 20-F with the SEC once a year, in US dollars. In the year to 31 December 2023 it reported revenue of USD 2,390 million. Its profit was USD 631 million, and diluted earnings per share USD 9.58.
The year to 31 December 2023
| Year to | Dec 2023 |
|---|---|
| Revenue | 2,390 |
| Cost of sales | 33.0 |
| Research and development | 1,107 |
| Selling, general and administrative | 478 |
| Operating profit | 772 |
| Finance costs | 254 |
| Profit before tax | 817 |
| Income tax | 186 |
| Profit for the year | 631 |
| Profit attributable to shareholders | 631 |
| Filing | 20-F |
USD million, from the 20-F on the SEC's EDGAR, linked in the last row, on the IFRS tags the company filed. A line the company does not file under the standard tag is left out rather than estimated.
| Year to | Dec 2023 |
|---|---|
| Diluted EPS | 9.58 |
| Basic EPS | 9.67 |
| Filing | 20-F |
USD per ordinary share, as filed.
Cash flow
| Year to | Dec 2023 |
|---|---|
| Cash from operations | 1,071 |
| Purchase of property, plant and equipment | 53.0 |
| Free cash flow | 1,018 |
| Filing | 20-F |
USD million. Free cash flow is cash from operations less the purchase of property, plant and equipment, arithmetic on the two filed lines.
Balance sheet at year end
| Year to | Dec 2023 |
|---|---|
| Total assets | 5,232 |
| Equity attributable to shareholders | 4,687 |
| Cash and cash equivalents | 2,204 |
| Lease liabilities | 114 |
| Trade and other receivables | 733 |
| Inventories | 8.0 |
| Goodwill | 0.0 |
| Filing | 20-F |
USD million, at each fiscal year end.
Ratios on the filed lines
| Year to | Dec 2023 |
|---|---|
| Operating margin | 32.3% |
| Net margin | 26.4% |
| Free cash flow margin | 42.6% |
| Return on year-end equity | 13.5% |
| Effective tax rate | 22.8% |
| Filing | 20-F |
Arithmetic on the filed lines of the same year.
Every annual report here
- Year to 31 December 2025
- Year to 31 December 2024
- Year to 31 December 2023, this page
Source
20-F for the year to 31 December 2023, filed 17 February 2026, accession 0001434265-26-000014: the filing on EDGAR. All of Genmab A/S's filings: EDGAR company page. The figures are in US dollars as filed.
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