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AREVA – failed company exhumed – now called “ORANO” and STILL losing money

 

Romandie 29th March 2018, Orano, a company resulting from the restructuring of giant Areva and refocused on the nuclear fuel cycle, has slightly widened its loss during
the year 2017, she said Thursday, in a context of nuclear market that remains difficult. The group’s net loss widened 4.5% to 252 million euros
compared to last year, according to a statement. EBITDA was down 29.3% to 946 million euros, mainly due to the impact of reduced volumes sold. Sales
reached € 3.9 billion, down 10.8%. These results, “in line with expectations” according to the text.
https://www.romandie.com/news/903937.rom

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March 28, 2018 - Posted by | business and costs, France, politics

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