nuclear-news

AREVA’s nuclear sales losses partly offset by renewable energy profits

Areva Reports Fall In 2011 Revenue On Nuclear Concerns  –Areva reported full year revenue hit by the effects of Fukushima on the nuclear industry –   WSJ By Nadya Masidlover   26 Jan 12,  PARIS (Dow Jones)–French state-controlled nuclear engineering firm Areva SA   Thursday reported 2011 consolidated revenue down 2.6%, as nuclear operations were hit by growing concern on atomic energy following the Fukushima nuclear accident in March 2011.

The company said that revenue fell to EUR8.87 billion from EUR9.1 billion a year earlier, below analysts’ expectations of EUR8.99 billion.

Areva posted a full-year revenue down 1.2% on a like-for-like basis however revenue in the fourth quarter was stable at EUR2.92 billion, falling 0.5% on a like-for-like basis…. The company said that a decrease in nuclear operations revenue was partly offset by growth in renewable energies business which rose 98.2% to EUR297 million.

January 27, 2012 - Posted by Christina Macpherson | business and costs, France, renewable