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Earnings Analysis: 
Higher Power Plant Demand Lifts Areva Sales
Author: 123jump.com Staff
123jump.com
Last Update: 3:41 PM EST February 28 2008

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The world’s largest nuclear equipment firm said profit rose 14.5% to €743 million on solid earnings mainly from the transmission and distribution division Revenue gained 9.8% to €11.92 billion. Areva expects 2008 to be strong year on higher global power plant spending. The third largest uranium miner in the world hopes to build nearly 100 of the 300 new nuclear reactors by 2030.

 
Operating income for the back end division fell €70 million euros or 25.6% to €203 million. In 2006, the division’s operating margin had been boosted by non-recurring contracts with German utilities and exceptionally high production levels at the Melox plant, creating significant operating leverage.
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