Areva Sales Drop 4.2% in 4th Quarter, as Uranium Mining Revenue Falls

Bloomberg reported that Areva SA’s sales for the fourth quarter declined 4.2% compared to the year before to 2.8B euros.

As quoted in the market news:

The growth of sales revenue in nuclear is slightly lower than forecast due to the shifting of deliveries initially scheduled for the end of 2012 to the beginning of 2013,” Chief Executive Officer Luc Oursel said in the statement, adding that results were also hurt by “provisions recorded for a power plant modernization project.

Click here to read the full Bloomberg report.