The group’s first quarter 2010 consolidated revenue rose 6.5% to 1.936 billion euros (+ 8.4% LFL1) compared with the first quarter of 2009. Growth was driven by the Reactors & Services Business Group (+ 18.0% LFL)
– By Stephen Heiser –
AREVA Revenue growth in the first quarter of 2010: 8.4% like-for-like, i.e. 1.936 billion euros. Following the establishment of AREVA’s new organization, effective January 28, 2010, business segment information is provided by Business Group (BG): Mining/Front End, Reactors & Services, Back End, and Renewable Energies.
The group’s first quarter 2010 consolidated revenue rose 6.5% to 1.936 billion euros (+ 8.4% LFL1) compared with the first quarter of 2009. Growth was driven by the Reactors & Services Business Group (+ 18.0% LFL). Revenue from exports was up 16.6% to 1.089 billion euros, representing 56.2% of total revenue. Foreign exchange2 had a negative impact of 26 million euros. Changes in consolidation scope were negligible during the period.
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
1 Like-for-like, i.e. at constant exchange rates and consolidation scope
2 Currency translation
In other areva news, the company's Supervisory Board has appointed two new members. The Supervisory Board, chaired by Jean-Cyril Spinetta, appointed Christophe Behar as a member, to replace Philippe Pradel, who has stepped down. It also appointed René Ricol in place of Thierry Desmarest, who has stepped down.
René Ricol will co-chair the Audit Committee with Guylaine Saucier, who has been appointed Chairman of the End-of-Life-Cycle Obligations Monitoring Committee, where she replaces François David.
Christophe Behar is Nuclear Energy Director of the French Atomic Energy Commission (CEA).
René Ricol, a public accountant and statutory auditor, is presently the general commissioner for investment in charge of monitoring major national borrowing, under the authority of the French Prime Minister.
It was also confirmed that the share offering will take place at the earliest opportunity.