PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: AREVA

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

AREVA Announces 2011 Annual results - The Supervisory Board of AREVA met under the chairmanship of Jean-Cyril Spinetta to examine the financial statements submitted by the Executive Board for the year ended December 31, 2011 - AREVA.com
AREVA Announces 2011 Annual results

 

NewswireToday - /newswire/ - Paris, France, 2012/03/01 - The Supervisory Board of AREVA met under the chairmanship of Jean-Cyril Spinetta to examine the financial statements submitted by the Executive Board for the year ended December 31, 2011 - AREVA.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

• Backlog: €45.6bn, +3.1% vs. 2010, i.e +6.7% over 3 months;
• Revenue: €8.872bn, i.e -2.6% vs. 2010;
• Operating income: -€1.923bn;
• Net income attributable to equity owners of the parent: -€2.424bn;
• EBITDA: €1.068bn (€420m excluding Siemens impact1);
• Free operating cash flow before tax: -€2.397bn (-€1.366bn excluding Siemens impacts2), improvement over the second half;
• Decrease in net debt of €124m for the year;
• Significant drop in general and administrative expenses, with a noticeable reduction between the first and the second half;
• Launch of several disposals of minority interests.

The Supervisory Board of AREVA met today under the chairmanship of Jean-Cyril Spinetta to examine the financial statements submitted by the Executive Board for the year ended December 31, 2011.

Concerning the results, Luc Oursel, Chief Executive Officer, stated: “Our backlog established at 45.6 billion euros at the end of 2011, significantly increasing at the end of a year marked by the Fukushima accident, confirms the commercial dynamism of the group alongside its customers and reinforces the visibility on its future business level.

In a difficult context, the slight decline in revenue in 2011 demonstrates the robustness of AREVA’s integrated model, resting mainly on recurring business generated in relation to our customers’ nuclear installed base, and benefiting from the development of our renewable energies operations.

Free operating cash flow before tax, although down over the whole year in 2011, improved in the second half, showing the first effects of AREVA’s stronger focus on cash generation and debt management.

After the success of our bond issue in September 2011, the Group’s liquidity remains high at the end of 2011.

The AREVA teams are now dedicating all of their efforts to the deployment of the "Action 2016” strategic action plan, which had already yielded its first positive results at the end of 2011, with an improvement in the cost structure of our operations, an increase in order intake, and the launch of several disposals of minority interests.”

1 Transactions with Siemens had an impact on EBITDA of 648 million euros in 2011 (penalty received from Siemens).

2 Transactions with Siemens had a net impact of -1.031 billion euros on free operating cash flow before tax (648 million euros penalty received from Siemens, less 1.679 billion euros paid to acquire AREVA NP shares).

AREVA Investors Relations:
Philippine du Repaire, T: +33(0) 1 34 96 11 51 - E: philippine.durepaire[.]areva.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: AREVA

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


AREVA Announces 2011 Annual results

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

AREVA |
Publisher Contact: Patricia Marie / Pauline Briand / Maxime Michaut 
+33(0)1 34 96 12 15 press[.]areva.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any AREVA securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From AREVA / Company Profile


Read Energy Most Recent Related Newswires:

GE Equips New 1,320 MW CPHGC Power Plant to Help Pakistan Meet Growing Energy Needs
SolarWinds Empowers IT Professionals with the Ultimate Hybrid IT Performance Management Platform
Invenergy Closes Purchase Agreement for the La Jacinta Solar Farm in Uruguay
ENGIE Acquires EV-Box - The Largest European Electric Vehicle Charging Player
GE Renewable Energy to Showcase Expertise in Hydropower At Africa 2017 In Marrakesh, Morocco
GE Awarded Contract for First HA Gas Turbine in China
GE Power Signs Multiyear Agreement and First Cybersecurity Solution in Latin America
GE Hitachi Nuclear Energy and ARC Nuclear Announce Cooperation to Accelerate Commercialization of Advanced Small Modular Reactor
Shermco Industries Receives Gold Safety Recognition from the American Wind Energy Association
GE’s Fuel-Flexible Power Plant Brings Vital Energy Boost to Ghana
ENGIE Wins Nearly 78 MW of Photovoltaic Projects in France
Enel Launches Innovation Hub with UC Berkeley Accelerator in its First Partnership with A Major Multinational Corporation
ENGIE Welcomes the GE Water & Process Technologies Takeover by SUEZ
GE, Borusan EnBW Enerji, Fina Enerji and Özgül Holding Sign MoU for YEKA in Turkey
GE & Caithness Announce Innovative Power Deal that Could Exceed $1B to Build Multiple HA Combined-Cycle Power Plants in US

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)