Resurrected nuclear company Orano (formerly Areva) – still losing money

Nasdaq 29th March 2018, French uranium mining and nuclear fuel group Orano, formerly called Areva, said its 2017 revenue fell 11 percent to 3.9 billion euros ($4.80 billion) and core earnings fell 30 percent to 946 million euros as demand for nuclear fuel remains low.

Orano’s order book, while still representing nearly eight years of revenue, fell to 30.8 billion euros at the end of 2017 from 33.6 billion euros at the end of 2016 and the company expects revenue will fall again this year. The company continued to burn cash, with a negative cash flow of 1.06 billion euros compared to minus 915 million euros in 2016, but Orano said it targets positive net cash flow from company operations this year.  https://www.nasdaq.com/article/nuclear-group-orano-earnings-slide-in-grim-uranium-market-20180329-00098

April 4, 2018 - Posted by Christina MacPherson | business and costs, France, politics