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<url><loc>https://stock.noler.com/us/stock/valn/oci-net-of-tax-exchange-differences-on-translation-other-than-translation-of-foreign-operations</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/oci-net-of-tax-gains-losses-on-remeasurements-of-defined-benefit-plans</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/oci-net-of-tax-gains-losses-on-revaluation</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/operating-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/operating-margin</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/options-activity</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-adjustments-for-noncash-items</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-borrowings</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-comprehensive-income</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-current-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-current-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-employee-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-expense-by-nature</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-finance-income</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-financial-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-financial-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-longterm-benefits</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-longterm-provisions</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-noncurrent-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-noncurrent-financial-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-noncurrent-financial-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-noncurrent-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-nonfinancial-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-operating-income-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-provisions</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-reserves</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-revenue</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-shortterm-provisions</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/other-tax-effects-for-reconciliation-between-accounting-profit-and-tax-expense-income</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/outstanding-bonds</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/par-value-per-share</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/patents-active</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/payments-for-share-issue-costs</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/payments-of-lease-liabilities-classified-as-financing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/pb-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/pe-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/pre-tax-margin</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/preferred-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/previous-etf-holding-it</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/price-fcf-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-borrowings-classified-as-financing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-current-borrowings</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-disposal-of-noncurrent-assets-or-disposal-groups-classified-as-held-for-sale-and-discontinued-operations</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-disposals-of-property-plant-and-equipment-intangible-assets-other-than-goodwill-investment-property-and-other-noncurrent-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-issue-of-ordinary-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-issuing-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-sale-or-issue-of-treasury-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-sales-of-intangible-assets-classified-as-investing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/proceeds-from-sales-of-property-plant-and-equipment-classified-as-investing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/profit-breakdown</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/profit-loss</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/profit-loss-attributable-to-ordinary-equity-holders-of-parent-entity</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/profit-loss-attributable-to-ordinary-equity-holders-of-parent-entity-including-dilutive-effects</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/profit-loss-attributable-to-owners-of-parent</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/profit-loss-before-tax</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/profit-loss-from-operating-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/property-plant-and-equipment</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/provisions-for-employee-benefits</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/ps-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/purchase-of-intangible-assets-classified-as-investing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/purchase-of-property-plant-and-equipment-classified-as-investing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/quick-ratio</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/raw-materials</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/raw-materials-and-consumables-used</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/receivables-from-contracts-with-customers</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/refunds-provision</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/repayments-of-borrowings-classified-as-financing-activities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/research-and-development</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/restricted-cash-and-cash-equivalents</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/retained-earnings-excluding-profit-loss-for-reporting-period</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/retained-earnings-profit-loss-for-reporting-period</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/return-on-tangible-equity</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/revenue</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/revenue-breakdown</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/revenue-from-contracts-with-customers</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/revenue-from-government-grants</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/revenue-from-interest</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/revenue-from-sale-of-goods</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/reversal-of-inventory-writedown</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/rightofuse-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/roa</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/roe</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/roi</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sales-and-marketing-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/scorecard</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sec-comment-letters-upload</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sec-enforcement-actions</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sec-filings-10-q</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sec-filings-25-nse</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sec-filings-8-k</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sec-filings-px14a6g</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sec-filings-s-4</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/secondary-offerings</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/secured-bank-loans-received</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/sga-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/share-issue-related-cost</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/share-of-profit-loss-of-associates-accounted-for-using-equity-method</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/share-of-profit-loss-of-associates-and-joint-ventures-accounted-for-using-equity-method</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/share-premium</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/shares-outstanding</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/short-sale-volume</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/shortterm-borrowings</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/shortterm-deposits-classified-as-cash-equivalents</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/social-security-contributions</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/stock-issued</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/stock-splits</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/subsidiaries</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/tax-effect-from-change-in-tax-rate</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/tax-effect-of-expense-not-deductible-in-determining-taxable-profit-tax-loss</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/tax-effect-of-revenues-exempt-from-taxation-2011</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/tax-effect-of-tax-losses</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/tax-expense-income-at-applicable-tax-rate</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/tax-expense-other-than-income-tax-expense</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/total-assets</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/total-liabilities</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/trade-and-other-current-payables</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/trade-and-other-current-receivables</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/trade-and-other-payables</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/trade-and-other-payables-to-trade-suppliers</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/trade-receivables</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/ttl-fee-amt</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/ttl-offering-amt</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/ttl-offset-amt</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/ttl-prevsly-pd-amt</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/unused-tax-losses-for-which-no-deferred-tax-asset-recognised</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/wages-and-salaries</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/weighted-average-share-price-2019</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/weighted-average-shares</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/work-in-progress</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/writedowns-reversals-of-inventories</loc></url>
<url><loc>https://stock.noler.com/us/stock/valn/writedowns-reversals-of-property-plant-and-equipment</loc></url>
</urlset>
