Valneva Reports Annual Results 2014

Significant progress on building a financially sustainable business, EBITDA improvement of 63.9%, Net loss improvement of 32.5% compared to 2013 on pro forma basis2014 Revenues through marketed products of EUR 28.1 million expected to be substantially increased in 2015 by acquired second commercialized vaccine Dukoral®Valneva’s key phase II and II/III clinical programs are proceeding towards important value inflection points towards the end of 2015Active progression on licensing activity for vaccines produced in EB66® underpinned by recent announcements


  • The Company expects its 2015 revenues to be significantly increased to between approximately EUR 75 and 85 million by its recent acquisition of the Dukoral® vaccine including a Nordic vaccine sales infrastructure and by revenue growth in its historical activities (revenue includes Dukoral® product sales by the seller’s group entities under transitional service agreement)
  • Revenues of IXIARO® product sales are expected to grow to approximately EUR 30 million
  • Valneva expects to continue to strive towards break-even following the transitional period of 2015 and the integration of the recently acquired business (2015 results may be significantly impacted by non-cash effects from acquisition accounting)
  • Within the next twelve months, Valneva expects important clinical results from its Pseudomonas aeruginosa vaccine phase II/III and its Clostridium difficile vaccine phase II studies which both have the potential to transform the value of the Company

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