Consolidated Statements of Profit or Loss
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Year Ended December 31, |
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(in thousands of $ except for shares and EPS) |
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Note |
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2025 |
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2024 |
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2023 |
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Product net sales |
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4,151,316 |
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2,185,883 |
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1,190,783 |
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Other operating income1) |
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96,734 |
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66,156 |
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77,811 |
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Total operating income |
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4,248,050 |
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2,252,039 |
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1,268,594 |
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Cost of sales |
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(450,665) |
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(227,289) |
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(117,835) |
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Research and development expenses |
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(1,364,132) |
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(983,423) |
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(859,492) |
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Selling, general and administrative expenses |
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(1,367,057) |
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(1,055,337) |
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(711,905) |
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Loss from investment in a joint venture |
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(12,390) |
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(7,644) |
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(4,411) |
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Total operating expenses |
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(3,194,244) |
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(2,273,693) |
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(1,693,643) |
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Operating profit/(loss) |
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1,053,806 |
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(21,654) |
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(425,049) |
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Financial income |
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163,091 |
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157,509 |
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107,386 |
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Financial expense |
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(4,082) |
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(2,464) |
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(906) |
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Exchange gains/(losses) |
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65,792 |
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(48,211) |
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14,073 |
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Profit/(Loss) for the year before taxes |
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1,278,607 |
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85,180 |
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(304,496) |
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Income tax benefit |
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13,428 |
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747,860 |
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9,443 |
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Profit/(Loss) for the year |
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1,292,035 |
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833,040 |
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(295,053) |
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Profit/(Loss) for the year attributable to: |
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Owners of the parent |
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1,292,035 |
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833,040 |
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(295,053) |
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Weighted average number of shares used for basic profit/(loss) per share |
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61,295,149 |
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59,855,585 |
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57,169,253 |
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Basic profit/(loss) per share (in $) |
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21.08 |
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13.92 |
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(5.16) |
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Weighted average number of shares used for diluted profit/(loss) per share |
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66,029,215 |
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65,177,815 |
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57,169,253 |
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Diluted profit/(loss) per share (in $) |
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19.57 |
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12.78 |
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(5.16) |
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