Areva sales up 6.1 percent in 3rd quarter

  • Business
  • Thursday, 28 Oct 2010

PARIS: French nuclear reactor builder Areva says its third-quarter sales rose 6.1 percent to €2 billion (US$2.8 billion), and expressed confidence in achieving "significant" revenue and order growth for the full year.

The Paris-based nuclear engineering giant, which mines uranium and processes nuclear waste in addition to designing and building reactors, said sales in the nine months to the end of September were up 6.3 percent at €6.2 billion.

Sales grew strongest in Areva's reactors and services division, which benefited from "significant progress on all major reactor construction projects," Areva said in a statement Wednesday.

Areva is controlled by the French state, which plans to sell up to a 15 percent stake in Areva by the end of the year, with some of the shares possibly taken up by France's state-controlled nuclear energy utility Electricite de France SA. - AP

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