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Consolidated Statements of Profit or (Loss) and Other Comprehensive Income or (Loss) - EUR (€)
€ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Profit or loss [abstract]      
Revenue € 266,718 € 51,174 € 7,778
Cost of sales 44,395 12,137 3,523
Gross profit 222,323 39,037 4,255
Research and development costs 413,454 379,624 295,867
Selling, general and administrative expenses 264,410 221,227 160,180
Operating profit/(loss) (455,541) (561,814) (451,792)
Share of profit/(loss) of associate (18,395) (17,697) 12,041
Finance income 43,857 52,181 59,718
Finance expenses 44,065 50,487 3,911
Profit/(loss) before tax (474,144) (577,817) (383,944)
Tax on profit/(loss) for the year (7,303) (5,377) 367
Net profit/(loss) for the year (481,447) (583,194) (383,577)
Attributable to owners of the Company € (481,447) € (583,194) € (383,577)
Basic earnings/(loss) per share € (8.55) € (10.40) € (7.00)
Diluted earnings/(loss) per share € (8.55) € (10.40) € (7.00)
Weighted average number of shares used for calculation (basic and diluted) [1] 56,287,060 56,071,793 54,771,763
Statement of comprehensive income [abstract]      
Net profit/(loss) for the year € (481,447) € (583,194) € (383,577)
Items that may be reclassified subsequently to profit or loss:      
Exchange differences on translating foreign operations (2,731) (327) 3,855
Other comprehensive income/(loss) for the year, net of tax (2,731) (327) 3,855
Total comprehensive income/(loss) (484,178) (583,521) (379,722)
Attributable to owners of the Company € (484,178) € (583,521) € (379,722)
[1] A total of 6,523,784 warrants outstanding as of December 31, 2023 (a total of 6,864,011 warrants and 7,085,073 warrants outstanding as of December 31, 2022 and 2021, respectively) can potentially dilute earnings per share in the future but have not been included in the calculation of diluted earnings per share because they are antidilutive for the periods presented. Similarly, 575,000 convertible senior notes which were issued in March 2022 can potentially be converted into 3,456,785 ordinary shares, and can potentially dilute earnings per share in the future but have not been included in the calculation of diluted earnings per share because they are antidilutive for 2022 and 2023.