European Growth Leaders 2026

Annual ranking data providerLSEG WorkspaceUsed with permission · acknowledgements

An independent academic observatory making Europe’s listed growth companies visible.

Francesco Castellaneta, Full Professor of Strategy, SKEMA Business School · Scientific Committee Diego Zunino and Jackie Krafft

← All companies

Annual rank59

Denmark · Healthcare

ALK-Abello

Develops allergy-immunotherapy treatments and management solutions forming the core of its current product portfolio.

+39%revenue growth
FY2022–FY2025
+256%net-income growth
FY2022–FY2025
+138%stock return
FY2022–FY2025
0%2026 stock return
current context only

Company profile

Allergy immunotherapy from natural source material to finished medicines

ALK-Abello is a Danish specialist in allergy immunotherapy, medicines made from carefully standardised allergens to change the body's response to a specific trigger over time. Its portfolio includes tablets, injections and drops for respiratory and venom allergies, plus diagnostics, consumer products and emergency adrenaline formats. The group controls an unusual chain from cultivating pollen and other biological materials to clinical development, pharmaceutical production and distribution across 46 markets.

Allergy immunotherapy

The same principle delivered as tablet, injection or drops

ALK uses controlled exposure to a defined allergen to alter the immune response over time. Its formats include clinician-administered injections and sublingual drops or fast-dissolving tablets; marketed tablets cover allergens such as house dust mite, grass, ragweed and Japanese cedar in different countries.

From farm to pharma

Pollen, mites and venom become standardised medicines

Natural starting materials create a manufacturing challenge: biological variation must not become product variation. ALK grows or collects pollen, mites, venom, food proteins and pet dander, then identifies, extracts, purifies and standardises them before formulation. Its US source-material operation spans farms and facilities in Pennsylvania, California and Washington.

Beyond long-term treatment

Diagnosis, daily management and emergency adrenaline

ALK also makes allergen extracts for diagnostic skin-prick testing and operates in consumer allergy care. For acute anaphylaxis, its portfolio spans an adrenaline auto-injector and the neffy nasal spray in approved markets; a 2026 Canadian approval illustrates the continuing geographic rollout.

Reach and next research questions

A specialist platform expands into food allergy and data science

ALK reports production in Denmark, France, Spain and the US, offices in more than 20 countries and activity in 46 markets. Its Allergy+ strategy extends respiratory tablets towards food allergy, anaphylaxis and adjacent conditions. Research examples include an investigational peanut SLIT tablet, digital discovery tools and work with McMaster University on IgE memory B cells.

Current 2026 update

What has changed in 2026?

UK authorisation announced on 15 June 2026 · 15 June 2026

UK authorisation announced on 15 June 2026latest official update
4company-specific highlights
0%2026 stock return · context only

Revenue

First-quarter revenue rose 18% in local currencies and 16.4% as reported to DKK 1,771 million; International-market tablet sales fell 17% because of shipment phasing.

Three months ended 31 March 2026 · DKK 1,771m · +16.4%

Profit

Net profit increased 23.4% to DKK 437 million.

Three months ended 31 March 2026 · DKK 437m · +23.4%

2026 outlook raised

ALK raised 2026 guidance to 13–16% revenue growth in local currencies and an EBIT margin of around 26%.

Three months ended 31 March 2026

UK paediatric authorisation

UK authorities approved the 1 mg needle-free EURneffy adrenaline spray for children aged four and older weighing 15 to under 30 kilograms.

UK authorisation announced on 15 June 2026

Annual record

Ranking history

Future editions add rows; they do not rewrite the 2026 record.

EditionMeasurement periodRankRevenue growthNet-income growthStock return
2026FY2022–FY202559+39%+256%+138%