French engineering group Areva has released its full year results for 2005 showing growth of 3.7%, including a 4.6% growth in nuclear operations.
Group sales revenue for the year rose to €10,125 million, compared with €9,821 million in 2004 while growth in the nuclear division was linked by the company to the favorable price effect for uranium supplies, new projects in Finland, France and China, and strong performance in services.
Sales for the Reactors & Services division were up organically by 10.8% in 2005 compared with 2004, mainly due to the Finnish EPR contract, which contributed an €90 million more than in 2004. The preliminary design of France's first EPR, contracts to duplicate Chinese power plants (Ling Dong, also known as Ling Ao Phase II) and recurring engineering business also boosted sales in the Plants business unit. In addition, with 120 reactor outages managed worldwide in 2005 and an increase in heavy component replacements, the Nuclear Services division recorded growth of 3.4%.
For 2006, the group expects sales revenue to rise like-for-like in all of its businesses.
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