Areva Reports on 2015 3rd Quarter Revenue
OREANDA-NEWS. November 02, 2015. In application of IFRS 5, revenue and backlog for the first nine months of 2014 were restated to present pro forma financial information comparable to the first nine months of 2015; operations subject to a call for bids or whose disposal is under negotiation were classified under “discontinued operations” and are not included in orders received or in revenue.
It should be noted that revenue may vary significantly from one quarter to the next in the nuclear operations. Accordingly, quarterly data should not be viewed as a reliable indicator of annual trends.
Over the first nine months of 2015, AREVA generated consolidated revenue of 2.947 billion euros, an increase of 10.3% (+8.7% like for like) compared with the same period in 2014.
Foreign exchange had a positive impact of 105 million euros, mainly in the Mining and Back End BGs. Changes in consolidation scope over the period had a negative impact of 65 million euros.
Revenue for the third quarter of 2015 totaled 1.017 billion euros, an increase of 18.9% (+13.6% LFL) in comparison to the third quarter of 2014. Foreign exchange had a positive impact of 47 million euros and changes in the consolidation scope had a negative impact of 7 million euros over the period.
Over the first nine months of 2015, revenue in France was 1.290 billion euros, a 7.6% decrease compared with the first nine months of 2014. Over that same period, international revenue was 1.657 billion euros, a 29.9% increase compared with the first nine months of 2014. This change is mainly due to increased international business in the Mining BG, whereas enrichment volumes sold in France declined.
At September 30, 2015, AREVA’s backlog reached 31.595 billion euros, down 3.5% in relation to December 31, 2014 (32.755 billion euros). This represents more than 7 years of revenue.
The order intake for the first nine months of the year amounted to 1.4 billion euros, versus 6 billion euros over the same period last year, when the treatment and recycling agreement with EDF for the 2013-2020 period was posted to backlog.