VALNEVA Wins

Valneva Wins "Fastest Growing Listed Company" Tech 50 Award for France by Deloitte    

LYON, France, Nov. 24, 2016 (GLOBE NEWSWIRE) -- Valneva SE ("Valneva" or "the Company"), a fully integrated, commercial stage biotech company focused on developing innovative life-saving vaccines, today announced that it has won the "Fastest Growing Listed Company" Award for France in the 2016 Deloitte In Extenso Technology Fast 50(TM) ranking. Valneva also ranked 43 out of 500 companies in Deloitte's 2016 Technology Fast 500(TM) EMEA.

The Technology Fast 50 and Fast 500 initiatives reward the fastest growing technology, media, telecommunications, life sciences and energy tech companies - both public and private - in France and the EMEA region. Award winners are selected for demonstrating innovation, leadership, and rapid revenue growth over their last four years of operations.

Laurent Halfon, Deloitte Partner and country manager of the Technology Fast 50 program in France, commented, "The Technology Fast 50 ranking promotes companies like Valneva which reflect the incredible drive for innovation and added value creation of French entrepreneurs. Already in its 16th edition, the Technology Fast 50 France ranking has become a true reference for French and international investors. We are proud to see Valneva among the winners for 2016."

Thomas Lingelbach, President and CEO, and Franck Grimaud, Deputy CEO of Valneva, added, "This award underpins the underlying rationale of Valneva's strategy focused on growing revenues through a combination of organic and strategic growth while continuing to invest in promising Research & Development programs and activities."

Following a strong business performance in the first nine months of 2016, Valneva recently increased its financial guidance and expects revenues between €95 and €100 million in 2016 and an EBITDA profit of €1-5 million. Valneva will continue to build commercial and R&D value in the coming years and expects to grow its revenues to approximately €250 million by 2020.