Valneva rises after 'dynamic and satisfactory' Q1 results

Valneva SE

07/05/2025 08:45

** Shares in French vaccines maker Valneva VLS.PA rise 3% after the group posted what brokerage Portzamparc deems "dynamic and satisfactory" Q1 results

** Group Q1 revenue increases 50% to 49.2 million euros  ($55.9 million), with IXIARO sales rising 65.5% to 27.5 million euros

** "Valneva's Q1'25 results showed a solid start of the year, driven by the usual strong Ixiaro sales growth," says Van Lanschot Kempen

** "We feature Valneva as one of our top picks as we see a high likelihood of success, and at this depressed valuation, an attractive risk-reward into the event," says Van Lanschot Kempen

** The shares have gained about 37.7% YTD​

($1 = 0.8805 euros)

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))