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Condensed Consolidated Statements of Profit or (Loss) and Other Comprehensive Income or (Loss) - EUR (€)
€ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Profit or loss [abstract]        
Revenue € 57,833 € 48,034 € 189,725 € 129,016
Cost of sales 11,201 7,388 30,235 24,938
Gross profit 46,632 40,646 159,490 104,078
Research and development costs 73,544 111,439 227,708 322,573
Selling, general and administrative expenses 69,831 63,614 210,928 200,435
Operating profit/(loss) (96,743) (134,407) (279,146) (418,930)
Share of profit/(loss) of associates (4,367) (6,794) (15,485) (15,471)
Finance income 28,279 4,142 29,262 76,985
Finance expenses 25,347 24,519 70,488 35,640
Profit/(loss) before tax (98,178) (161,578) (335,857) (393,056)
Income taxes/(expenses) (1,020) (645) (3,758) (1,513)
Net profit/(loss) for the period (99,198) (162,223) (339,615) (394,569)
Attributable to owners of the Company € (99,198) € (162,223) € (339,615) € (394,569)
Basic earnings/(loss) per share € (1.72) € (2.88) € (5.93) € (7.02)
Diluted earnings/(loss) per share € (1.72) € (2.88) € (5.93) € (7.02)
Number of shares used for calculation (basic and diluted) [1] 57,535,349 56,272,698 57,255,764 56,194,956
Statement of comprehensive income [abstract]        
Net profit/(loss) for the period € (99,198) € (162,223) € (339,615) € (394,569)
Items that may be reclassified subsequently to profit or (loss):        
Exchange differences on translating foreign operations 154 571 232 (1,232)
Other comprehensive income/(loss) for the period, net of tax 154 571 232 (1,232)
Total comprehensive income/(loss) (99,044) (161,652) (339,383) (395,801)
Attributable to owners of the Company € (99,044) € (161,652) € (339,383) € (395,801)
[1] As of September 30, 2024 and September 30, 2023, a total of 6,141,451 and 6,555,187 warrants outstanding, respectively, each carrying the right to subscribe for one ordinary share, and 575,000 convertible senior notes which can potentially be converted into 3,456,785 ordinary shares, 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.