Valneva tops SBF120 after 'solid' results

Valneva SE

12/08/2025 08:30

** Shares in France's Valneva VLS.PA rise around 12%, leading gains on France's SBF120 .SBF120 index, after the vaccine maker reported a 38% increase in H1 sales and confirmed its FY outlook

** The results "were solid showing continued product sales growth and improved gross margin," brokerage Van Lanschot Kempen says

** It confirms Valneva as a top pick and reiterates its "buy" rating saying the company's valuation is depressed and still provides an attractive risk-reward

** By 07:18 GMT shares are at a six-months high with trade volumes above their full-day moving average in the past 30 days

** Including Tuesday's rise, the stock has gained over 90% YTD,​ after its value was slashed in half in 2024

 (Reporting by Alessandro Parodi)

 ((Alessandro.Parodi@thomsonreuters.com;))