Financial Risk Management (Tables)

12 Months Ended

Dec. 31, 2024

Disclosure of detailed information about financial instruments [abstract]

Summary of Number of Shares

The development in outstanding shares of the Company was as follows:

	2024		2023		2022		2021		2020
	(Number)
Changes in share capital
January 1		57,707,439		57,152,295		56,937,682		53,750,386		47,985,837
Increase through cash contributions		2,982,048		555,144		214,613		3,187,296		5,764,549
December 31		60,689,487		57,707,439		57,152,295		56,937,682		53,750,386

Summary Of Holding Of Treasury Shares

The development in holding of treasury shares was as follows:

	Nominal value			Holding			Holding in % of total outstanding shares
	(EUR’000)			(Number)
Treasury shares
January 1, 2023		149			1,113,152			—
Transferred under stock incentive programs		(3	)		(20,098	)		—
December 31, 2023		146			1,093,054			1.9	%
Transferred under stock incentive programs		(33	)		(247,167	)		—
December 31, 2024		113			845,887			1.4	%

Summary of Foreign Currency Sensitivity Analysis

				Hypothetical impact on consolidated financial statements
	Nominal positions (net)			Increase in foreign currency exchange rate			Profit/(loss) before tax			Equity before tax
	(EUR ‘000)
USD/EUR
December 31, 2024		(735,064	)		10	%		(73,506	)		(73,506	)
December 31, 2023		(369,091	)		10	%		(36,909	)		(36,909	)

Summary of Contractual Cash Flows for Financial Liabilities

The following table summarizes maturity analysis (on an undiscounted basis) for non-derivative financial liabilities recognized in the consolidated statements of financial position:

	< 1 year		1-5 years		>5 years		Total contractual cash-flows		Carrying amount
	(EUR’000)
Financial liabilities
December 31, 2024
Borrowings (excluding lease liabilities)		32,303		1,027,558		13,660		1,073,521		763,586
Lease liabilities		15,482		52,007		39,127		106,616		93,030
Trade payables, accrued expenses and other liabilities		96,705		—		—		96,705		96,705
Total financial liabilities		144,490		1,079,565		52,787		1,276,842		953,321
Financial liabilities
December 31, 2023
Borrowings (excluding lease liabilities)		11,708		742,925		42,397		797,030		545,472
Lease liabilities		14,385		51,426		49,056		114,867		98,793
Trade payables, accrued expenses and other liabilities		94,566		—		—		94,566		94,566
Total financial liabilities		120,659		794,351		91,453		1,006,463		738,831