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AREVA: At March 31, 2013: Strong revenue growth of 12.5% to €2.279bn (+15.5% like for like)



  AREVA: At March 31, 2013: Strong revenue growth of 12.5% to €2.279bn (+15.5%
  like for like)

        Stable backlog year on year: €44.9bn (-1.0% over the quarter)

Business Wire

PARIS -- April 25, 2013

Regulatory News:

Luc Oursel, Chief Executive Officer, offered the following comments on the
group’s performance for the first quarter of 2013:

“The start of 2013 demonstrates the group’s ability to generate significant
growth across all of its businesses, in both nuclear and renewables. Organic
growth for the quarter was almost 16%, led by our commercial vitality. It is a
reflection of our customers’ confidence in an offering oriented towards their
needs and of good execution in delivering our products and services. With this
performance, we are able to confirm our growth objectives for 2013.”

                                                                  Backlog at
Revenue                                                           March 31,
                      Q1 2013   Q1 2012^1   Change   Change LFL   2013
(in million euros)
                                                                  (in million
                                                                  euros)
Mining BG             395       313         +26.1%   +43.6%       12,012
Front End BG          378       432         -12.6%   -11.2%       18,116
Reactors & Services   799       774         +3.2%    +4.1%        8,056
BG
Back End BG           556       371         +49.9%   +49.5%       5,909
Renewable Energies    105       85          +23.3%   +27.5%       734
BG
Corporate and         46        50          ns       ns           110
other^2
Total                 2,279     2,026       +12.5%   +15.5%       44,938
o.w. Nuclear          2,139     1,902       +12.5%   +15.5%        
operations
Revenue – France      942       815         +15.7%   ns
Revenue –             1,337     1,211       +10.3%   ns            
International

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 1^st quarter 2012 revenue was restated to include the Engineering &
Projects business under Corporate and other
^2 Includes the Information Systems & Consulting and the Engineering &
Projects businesses

In the first quarter of 2013, AREVA’s (Paris:AREVA) operations generated
consolidated revenue of 2.279 billion euros, an increase of 12.5% (+15.5% like
for like) compared with the same period in 2012. The sharp revenue increase in
the Mining, Back End and Renewable Energies Business Groups (BG), which
reported growth of 26.1% (+43.6% like for like), 49.9% (+49.5% like for like)
and 23.3% (+27.5% like for like) respectively, largely offsets the expected
downturn in revenue in the Front End BG (-12.6% reported, -11.2% like for
like), while the Reactors & Services BG reported an upward trend of 3.2%
(+4.1% like for like). Foreign exchange had a negative impact of 14 million
euros over the period, while the change in consolidation scope had a negative
impact of 40 million euros.

At March 31, 2013, the group’s backlog was 44.9 billion euros, stable in
relation to March 31, 2012 and down 1.0% compared with December 31, 2012. The
backlog rose in the Mining BG, offsetting the decrease recorded in the other
Business Groups. Order cancellations since the Fukushima accident totaled 1
billion euros at the end of March 2013, compared with 936 million euros at
December 31, 2012.

I. Backlog and revenue by Business Group

Mining Business Group

The Mining BG had 12.012 billion euros in backlog at March 31, 2013, a sharp
increase of 21% compared with March 31, 2012, reflecting long-term natural
uranium supply contracts signed in 2012.

For the first quarter of 2013, the Mining BG reported revenue of 395 million
euros, an increase of 26.1% (+43.6% like for like) in relation to the first
quarter of 2012. Foreign exchange had a negative impact of 4 million euros.
Changes in consolidation scope had a negative impact of 34 million euros and
were mainly the result of the deconsolidation of La Mancha Resources Inc.
following the disposal of that business in late August 2012. Revenue was led
by the sharp increase in volumes sold (+738 metric tons of uranium) and by the
increase in the average contract sales prices, despite a less favorable market
environment.

Front End Business Group

The Front End BG had 18.116 billion euros in backlog at March 31, 2013,
representing a 2% decrease in relation to backlog at March 31, 2012. Of
particular note in the first quarter were:

  * several contracts in the Chemistry-Enrichment business, including:

- a major contract for enriched uranium supply, confirming once again
customers’ interest in AREVA’s integrated offering;

- contracts for uranium enrichment services with US utilities;

  * several contracts in the Fuel business for the delivery of fuel
    assemblies, in particular to German reactors.

The Front End BG reported revenue of 378 million euros in the first quarter of
2013, a 12.6% downturn (-11.2% like for like) compared with the first quarter
of 2012. Foreign exchange had a negative impact of 7 million euros.

  * The Chemistry-Enrichment business was down due to unfavorable delivery
    schedules, despite the restart of enrichment services deliveries in
    France.
  * Increased volumes sold boosted revenue in the Fuel Business Unit (BU).

Reactors & Services Business Group

The Reactors & Services BG had 8.056 billion euros in backlog at March 31,
2013, a 7% decrease compared with March 31, 2012. Of particular note in the
first quarter were:

  * Increased demand from utilities in Europe, North and South America, and
    Asia for the safety improvement solutions of our Safety Alliance program.
    This translated into contracts such as the following:

- supply of emergency diesel generator sets for units 3 and 4 of the Tianwan
power plant in China;

- in partnership with Pooled Equipment and Inventory Company (PEico), a
comprehensive offering for emergency services and equipment to supplement
regional emergency response centers operated in the United States.

The Reactors & Services BG reported first quarter 2013 revenue of 799 million
euros, a 3.2% increase (+4.1% like for like) compared with the first quarter
of 2012. Foreign exchange had a negative impact of 7 million euros.

  * The New Builds business was stable in relation to the first quarter of
    2012, in line with the increased completion level of major reactor
    construction projects. Revenue associated with the Olkiluoto 3 (Finland)
    and Flamanville 3 (France) projects was down, while the contribution from
    the Taishan projects in China and engineering work for the Hinkley Point
    project (United Kingdom) rose over the period.
  * In the Equipment BU, revenue benefited from business in the primary
    component replacement in France.
  * In the Installed Base BU, though revenue was slightly down compared with
    the first quarter of 2012 when business was exceptionally sustained in the
    United States, the trend continued to be favorable, particularly with
    modernization projects.

Back End Business Group

The Back End BG had 5.909 billion euros in backlog at March 31, 2013, a 4%
decrease compared with March 31, 2012. Of particular note in the first quarter
were:

  * a contract with the US Department of Energy (DOE) for a final disposal
    site in New Mexico for long-lived radioactive waste from defense programs;
  * an order for MOX fuel assembly fabrication for the German reactors.

The Back End BG reported revenue of 556 million euros in the first quarter of
2013, a 49.9% increase compared with the same period in 2012 (+49.5% like for
like).

  * The recycling business rose sharply during the period. Revenue growth was
    boosted by deliveries initially scheduled for the end of 2012 that had
    been postponed to the beginning of 2013, and more generally by strong
    business under contracts with foreign clients.
  * Revenue in the Logistics BU was led by strong cask manufacturing
    operations in Europe.

Renewable Energies Business Group

The Renewable Energies BG had 734 million euros in backlog at March 31, 2013,
compared to 1.706 billion euros at March 31, 2012, linked to cancellations of
orders in the Bioenergy business in Brazil in the fourth quarter of 2012 on
the one hand, and the ongoing execution of existing projects, on the other
hand.

The Renewable Energies BG reported revenue of 105 million euros in the first
quarter of 2013, an increase of 23.3% compared with the same period in 2012
(+27.5% like for like).

  * Offshore Wind revenue rose in line with work performed for the Global Tech
    1 project.
  * Revenue in the Bioenergy BU was up, mainly due to strong business in
    Europe.
  * Revenue in the Solar business grew with the deployment of CSP power plant
    construction projects at Kogan Creek in Australia and for Reliance in
    India.

II. Information on the group's financial position and performance

Mining Business Group

- Over the first three months of the year, 2,225 metric tons of uranium were
produced in consolidated financial share for AREVA, compared with 1,992 metric
tons over the first three months of 2012, for growth of 12%. AREVA’s available
share was 1,967 metric tons of uranium, compared with 1,723 metric tons in the
first three months of 2012, an increase of 14%.

Front End Business Group

- The Georges Besse II enrichment plant continued to ramp up: 55 cascades were
in production at the end of March (+11 cascades compared with December 2012).
Half of the plant’s nominal capacity is now in service, in line with the
project schedule.

Reactors & Services Business Group

- At the Olkiluoto 3 construction site in Finland (AREVA scope: one complete
power plant in consortium with Siemens), progress made in the first quarter of
2013 included the following:

  * The detailed architecture of the instrumentation and control system is in
    the final approval stage.
  * As regards construction:

- hydraulic testing of the piping is progressing well;
- preparations are underway for the containment tension tests (‘CTT’) to be
performed in October of this year.

  * As regards commissioning:

- the power supply system for one division has been commissioned; the other
three systems are to be commissioned before the end of the third quarter of
2013;
- mechanical testing is ongoing for fuel handling equipment and technological
waste packaging systems;
- documentation for the maintenance and operating procedures has been
prepared.

- At the Flamanville 3 construction site in France (AREVA scope: one nuclear
steam supply system), progress was made in the first quarter of 2013 as
follows:

  * engineering work is in progress to prepare the Commissioning Report and to
    integrate changes required for startup;
  * the steam generators, the pressurizer and the reactor coolant pump casings
    were tested and are in storage;
  * assembly and installation of the nuclear island's electro-mechanical
    components continued;
  * the first control cabinets of the SPPA-T200 operational I&C system were
    installed and the first control cabinets for the safety I&C were delivered
    to the site.

- At the Taishan construction site in China (AREVA scope: two nuclear
islands), progress was made in the first quarter of 2013 as follows:

  * For the Taishan 1 unit: the first fuel fabrication campaign was completed
    at AREVA’s Romans plant in France.
  * For the Taishan 2 unit: hydraulic testing of the second steam generator
    was completed successfully.
  * The Consistent State for Erection (‘CSE+’) configuration was finalized to
    erect and test individual systems.

Group

  * On January 10, 2013, AREVA announced the implementation of a liquidity
    agreement with Natixis concerning AREVA shares.
  * On January 16, 2013, AREVA signed a five-year 1.25 billion euro
    revolving credit facility with a syndicate of 19 banks. It replaces the
    previous undrawn syndicated revolving credit facility expiring in 2014.
  * On April 3, 2013, AREVA and the French private equity manager Astorg
    Partners signed an agreement for the takeover of Canberra, AREVA’s nuclear
    measurement subsidiary, by Astorg Partners. The transaction should close
    by the end of the first half of 2013.
  * During the quarter, the group continued to implement its performance
    improvement plan, which calls in particular for a 1-billion-euro reduction
    in operating costs on an annual basis by the end of 2015.
  * In the first quarter of 2013, the group launched an employee stock
    purchase plan which will be implemented by selling treasury shares held by
    AREVA.

III. Important operations and events during the period

Front End Business Group

  * On March 29, 2013, AREVA celebrated the start of commercial production of
    the Georges Besse II North uranium enrichment plant at the Tricastin site
    in France. As per the schedule, production at the North plant began two
    years after the start of production at the South plant.

Reactors & Services Business Group

  * On February 25, 2013, the Office for the Protection of Economic
    Competition (UOHS) of the Czech Republic rejected AREVA’s appeal and
    confirmed that the group is excluded from the bidding process. AREVA
    contested this decision and expressed the intention to appeal to the
    Chairman of UOHS and, if necessary, to reserve the possibility to bring
    the case before the Czech administrative justice system.

Back End Business Group

  * On March 4, 2013, AREVA and its Japanese partner Kobe Steel delivered the
    first dry storage casks for used fuel from the Fukushima-Daiichi power
    plant.

Market environment

  * In the uranium market, the spot price went from US$51.70 per pound (lb.)
    at the end of March 2012 to $43.40/lb. at the end of December 2012 and
    $42.70/lb. at the end of March 2013. The long-term price went from
    $60.30/lb. at the end of March 2012 to $56.50/lb. at the end of December
    2012 and $56.70/lb. at the end of March 2013 (source: UxC / TradeTech).
  * In the enrichment market, the spot price went from US$138/per SWU at the
    end of March 2012 to $120/SWU at the end of December 2012 and $115/SWU at
    the end of March 2013. The long-term price went from $146/SWU at the end
    of March 2012 to $135/SWU at the end of December 2012 and $130/SWU at the
    end of March 2013 (source: TradeTech).

Note:

► Like for like / LFL: at constant exchange rates and consolidation scope.

► Foreign exchange impact: the foreign exchange impact mentioned in this
release comes from the translation of subsidiary accounts into the Group’s
unit of account. The latter is primarily due to changes in the US dollar in
relation to the euro. AREVA also points out that its foreign exchange hedging
policy for commercial operations aims to shield profitability from
fluctuations in exchange rates in relation to the euro.

► Forward-looking statements

This document contains forward-looking statements and information. These
statements include financial forecasts and estimates as well as the
assumptions on which they are based, and statements related to projects,
objectives and expectations concerning future operations, products and
services or future performance. Although AREVA’s management believes that
these forward-looking statements are reasonable, AREVA’s investors and
shareholders are hereby advised that these forward-looking statements are
subject to numerous risks and uncertainties that are difficult to foresee and
generally beyond AREVA’s control, which may mean that the expected results and
developments differ significantly from those expressed, induced or forecast in
the forward-looking statements and information. These risks include those
explained or identified in the public documents filed by AREVA with the AMF,
including those listed in the “Risk Factors” section of the Reference Document
registered with the AMF on 03/28/13 (which may be read online on AREVA’s
website www.areva.com). AREVA makes no commitment to update the
forward-looking statements and information, except as required by applicable
laws and regulations.

Upcoming events and publications

May 7, 2013 – 15:30 CEST:          Combined General Meeting of Shareholders
                                   2013 half-year results
July 24, 2013 – 17:45 CEST:        Press release, telephone conference and
                                   webcast
                                   2013 third quarter sales revenue and
October 24, 2013 – 17:45           related information
CEST:
                                   Press release

ABOUT AREVA

AREVA supplies solutions for power generation with less carbon. Its expertise
and unwavering insistence on safety, security, transparency and ethics are
setting the standard, and its responsible development is anchored in a process
of continuous improvement.
Ranked first in the global nuclear power industry, AREVA’s unique integrated
offering to utilities covers every stage of the fuel cycle, nuclear reactor
design and construction, and related services. The Group is also expanding its
operations to renewable energies – wind, solar, bioenergies, hydrogen and
storage – to be one of the leaders in this sector worldwide.
With these two major offers, AREVA’s 47,000 employees are helping to supply
ever safer, cleaner and more economical energy to the greatest number of
people.

33 rue la Fayette - 75442 Paris cedex 09 - France - T : +33 (0) 1 34 96 00 00
– F : +33 (0) 1 34 96 00 01

Contact:

Press Office
Julien Duperray
Katherine Berezowskyj
Jérôme Rosso
Alexandre Thebault
T: +33 (0) 1 34 96 12 15
F: +33 (0) 1 34 96 16 54
press@areva.com
or
Investor Relations
Marie de Scorbiac
marie.descorbiac@areva.com
T: +33 (0) 1 34 96 05 97
Philippine du Repaire
philippine.durepaire@areva.com
T: +33 (0) 1 34 96 11 51
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