March 04, 2015 2:20 AM ET

Oil, Gas and Consumable Fuels

Company Overview of Urenco Limited

Company Overview

URENCO Limited provides services to enrich uranium to offer fuel for nuclear power utilities in the United Kingdom, Germany, the Netherlands, and the United States. The company supplies uranium enrichment and associated services for its customers generating nuclear energy, as well as sells uranium components of enriched uranium product. It is also engaged in the research, development, manufacture, and installation of plant and equipment for the provision of enrichment services. The company was founded in 1970 and is headquartered in Stoke Poges, the United Kingdom.


Sefton Park

Bells Hill

Stoke Poges,  SL2 4JS

United Kingdom

Founded in 1970

1,500 Employees


44 1753 660 660


44 1753 660 772

Key Executives for Urenco Limited

Chief Executive Officer and Executive Director
Chief Financial Officer
Chief Executive Officer of Urenco USA Inc, Chief Executive Officer of Urenco Inc, President of Urenco USA Inc and President of Urenco, Inc
Managing Director of Urenco Deutschland Gmbh
Managing Director of Urenco Nederland Bv
Compensation as of Fiscal Year 2014.

Urenco Limited Key Developments

Germany Reportedly Adds Conditions For Urenco Stake Sale

Germany seeks to take part in the decision-making process and even to fire executives at Urenco Limited after a possible sale of its stake in thecompany, daily Sueddeutsche Zeitung reported. The new owners of the should allow Germany to make strategic and financial requirements, the report stated citing a letter by Economy Minister Sigmar Gabriel to German Green Party atomic expert Sylvia Kotting-Uhl in the Bundestag. The letter also detailed conditions that could be attached to a possible sale of the stake. The report stated that the German government should be able to intervene if it sees a risk to nuclear non-proliferation, the control of sensitive technology or the energy supply. Germany holds about 33% stake in Urenco through RWE AG (DB:RWE) and E.ON SE (DB:EOAN). The British and Dutch governments hold the rest of the stake. RWE and E.on seek to sell their stake, which is difficult because of the complicated ownership structure of Urenco and would require the approval by Britain and the Netherlands. Britain is also preparing a sale of its stake, a spokesman for the British Treasury Department has said earlier. The government is in discussions with owners of Urenco over the available options. The Dutch government does not plan a stake sale. Urenco is valued about €10 billion.

Urenco Plans To Raise Funds

Urenco Limited is looking for investors. Urenco is planning to fetch up to €10 billion. The complex ownership structure Urenco makes of sale or an initial public offering. Uwe Beckmeyer, Parliamentary State Secretary said, “But there are no sales talks.” Separate sources said in October 2014 that the governments had asked prospective buyers to submit indicative bids for the firm by the end of 2014.

Urenco Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2014; Provides Revenue Guidance for the Second Half of 2014

Urenco Limited announced unaudited consolidated earnings results for the six months ended June 30, 2014. For the period, revenue from sale of goods and services was €523.5 million, income from operating activities was €180.9 million, income before tax was €127.0 million and net income relating to the period attributable to equity holders of the parent was €106.4 million or €0.6 basic and diluted earnings per share against revenue from sale of goods and services of €384.4 million, income from operating activities of €124.6 million, income before tax of €61.7 million and net income relating to the period attributable to equity holders of the parent of €43.0 million or €0.3 basic and diluted earnings per share for the same period a year ago. Net cash flow from operating activities was €339.5 million against €221.9 million a year ago. Purchases of property, plant and equipment was €214.5 million against €198.2 million a year ago. EBITDA increased by 19% to €380 million as compared to the first six months of 2013 against €319 million a year ago, mainly due to higher revenues. The increase in cash generated from operating activities was mainly due to the higher level of sales in the period and a positive movement in working capital. Following the increased revenue level in first half of 2014, revenues in second half of 2014 are expected to be lower than second half of 2013 reflecting the phasing of customer delivery patterns.

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