Q1 2026 Valneva SE Earnings Call Transcript

May 13, 2026 / 01:00 PM GMT

Release Date Price: €2.64 (+0.76%)

Transcript

Key Points

Positve

Valneva SE (INRLF) reported strong efficacy in their Lyme disease vaccine candidate, with an efficacy rate above 70%.
The company maintains a strong cash position, with over $100 million in total cash at the end of the first quarter.
Valneva SE (INRLF) is actively working on a comprehensive program to reduce operating expenses by 25% to 35%, including a global workforce reduction.
The Chikungunya vaccine program is progressing well, with significant pilot vaccination campaigns ongoing in Brazil.
Valneva SE (INRLF) is advancing its Shigella vaccine program, with two studies ongoing and expecting readouts over the summer.

Negative

Valneva SE (INRLF) reported a decline in product sales, reaching EUR 30.5 million compared to EUR 48.6 million one year ago.
The company experienced a significant operating loss of EUR 23.7 million in the first quarter of 2026.
Gross margins have decreased, with a notable decline in the gross margin of commercial product sales from 62.7% to 45.2%.
The company is facing challenges with the FDA regarding the use of its Almeida facility for manufacturing, impacting its ability to supply certain products.
Valneva SE (INRLF) has adjusted its product sales guidance downward due to emerging adverse trends in travel vaccine uptakes, driven by geopolitical factors.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

VLS.PA - Valneva SE
Q1 2026 Valneva SE Earnings Call
May 13, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Valdivo presents its first quarter 2026 financial results. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press *1 and 1 on your telephone. You will then hear an automated message advising your hand is raised.

To withdraw your question, please press star one and one again.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Joshua Drumm, Vice President, Global Investor Relations.

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