Unlock stock picks and a broker-level newsfeed that powers Wall Street.
BioNTech Announces First Quarter Financial Results and Corporate Update

In This Article:

BioNTech SE
BioNTech SE
  • First quarter revenues of €6.4 billion1, net income of €3.7 billion and fully diluted earnings per share of €14.24 ($15.972)

  • Reiterates BioNTech COVID-19 2022 vaccine revenue guidance of €13 billion to €17 billion

  • First-in-class CAR-T program targeting CLDN-6 (BNT211) in solid tumors showed manageable safety profile and signs of clinical activity; preliminary Phase 1/2 data presented at AACR Annual Meeting 2022

  • Continued pipeline expansion to 16 clinical stage oncology programs in 20 ongoing clinical trials

Conference call and webcast scheduled for May 9, 2022, at 8:00 am ET (2:00 pm CET)

MAINZ, Germany, May 9, 2022 (GLOBE NEWSWIRE) -- BioNTech SE (Nasdaq: BNTX, “BioNTech” or the "Company”) today reported financial results for the three months ended March 31, 2022 and provided an update on its corporate progress.
“During the first quarter, we demonstrated continued execution across our growth pillars in addressing infectious diseases and oncology,” said Ugur Sahin, M.D., CEO and Co-Founder of BioNTech. “We have enhanced our COVID-19 vaccine leadership and reported encouraging data for our first-in-human CAR-T therapy in solid tumors. Driven by our execution in innovation, we believe we are well positioned to achieve multiple product launches in the coming years, which would facilitate significant long-term growth.”

Key First Quarter Financial Results

in millions, except per share data

First Quarter 2022

First Quarter 2021

Total Revenues1

€6,374.6

€2,048.4

Net Profit

€3,698.8

€1,128.1

Diluted Earnings per Share

€14.24

€4.39

“We believe the global deployment of our vaccine has likely saved millions of lives and had a significant impact on humanity. As a result of an increased order volume initially placed in late 2021 following the then emerging Omicron variant, we began the year 2022 with strong revenues and earnings, leaving us well-positioned to achieve the 2022 financial guidance we issued a few months ago,” said Jens Holstein, CFO of BioNTech. “This notable financial performance also helps us to invest heavily in research and development in the years to come fueling the potential to drive future waves of innovation and growth."

Outlook for the 2022 Financial Year Reiterated

The Company reiterates its prior 2022 financial year outlook, which includes the following components:

BioNTech COVID-19 Vaccine Revenues for the 2022 Financial Year:

Estimated BioNTech COVID-19 vaccine revenues for the full 2022 financial year

€13 billion - €17 billion

This revenue estimate reflects expected revenues related to BioNTech's share of gross profit from COVID-19 vaccine sales in the collaboration partners' territories, from direct COVID-19 vaccine sales to customers in BioNTech’s territory and expected revenues generated from products manufactured by BioNTech and sold to collaboration partners.