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AREVA’s uranium mining revenues fall

Areva 9-month revenues fall 3.5 pct, 

* 9-month sales down 3.5 percent to 5.95 bln euros* Q3 sales down 2.9 percent to 1.95 bln euros* Backlog down 1 percent at 2.7 bln euros at Sept end 

By Caroline Jacobs and Christian Plumb PARIS, Oct 27 (Reuters) – French nuclear group Areva posted a 3.5 percent decline in nine-month sales on Thursday, squeezed by weakness in its uranium mining and waste-processing businesses.

Revenues reached 5.95 billion euros ($8.4 billion) and were down 1.5 percent on a like-for-like basis, state-owned Areva said in a statement. For the third-quarter alone, revenues fell 2.9 percent to 1.95 billion euros, Areva said, without providing details about specific business lines’ performance for the period…..

Since the nuclear disaster at Japan’s Fukushima power plant in March, order cancellations have been just 301 million euros, Areva said.

Countries such as Germany, Switzerland and Italy have shelved nuclear plans after the incident, but others such as Britain, Poland or the Czech Republic said they would go ahead with the construction of new plants.

Areva is assessing what consequences Fukushima will have on its business and will announce its five-year strategy plan in December….

http://www.reuters.com/article/2011/10/27/aereva-revenue-idUSL5E7LR5BZ20111027

October 28, 2011 - Posted by | France, Uranium

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