Valneva in the green after its annual turnover

(AOF) – Valneva gained 1.3% to 15.47 euros at the start of the session after the publication of its 2021 turnover and the first financial elements for the 2022 financial year. Last year, the laboratory specializing in vaccines against rare diseases, and whose vaccine against Covid is awaiting approval, achieved a turnover of 348.1 million euros, an increase of 216%. It includes 253.3 million Covid-related revenues under the (now terminated) agreement with the British government.

The turnover also includes 94.8 million from product sales and Other Revenue (excluding Covid), which corresponds to the upper part of the forecast range previously communicated by the company, namely 85 to 100 million.

For fiscal 2012, Valneva expects total sales of between 430 and 590 million, including 350 to 500 million from sales of the Covid-19 vaccine, subject to regulatory approvals and deliveries.

As of December 31, the company’s cash amounted to 346.7 million.

“With nearly €350 million in cash, we entered 2022 from a strong position and we will continue to focus on obtaining regulatory approvals and preparing for market entry of products from our programs- in the final stages of development,” commented Peter Bühler, Chief Financial Officer of Valneva.


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