This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

French Nuclear Giant Areva Loses $130M In 2012


PARIS (AP) ⿿ France's state-controlled nuclear engineering giant Areva said Thursday that it lost ⿬99 million ($130 million) last year but that it is making strides in turning around a business struggling to move past the Japan's nuclear disaster and a trouble mining venture.

The company lost ⿬2.5 billion in 2011, a year that saw many countries rethink their use of the nuclear energy after the earthquake and tsunami that devastated the Fukushima power plant. Much of those losses were due to a troubled uranium mining venture that was the subject of investigation.

In 2012, the company stabilized its mining business and recorded growth in all other business lines. Its most significant progress was in its reactor business, where it reported earnings before interest, taxes, depreciation and amortization ⿿ or EBITDA, a key measure of profitability ⿿ of ⿬98 million, after a loss of ⿬399 million in 2011.

The company reported last month that sales have started to pick up. Revenue rose 5.3 percent in 2012 to ⿬9.3 billion.

CEO Luc Oursel added that the company was ahead of schedule with its turnaround plan, which aims to slash its costs by ⿬1 billion by 2015 and reduce its debt.

One potential snag in the improving picture was the company's backlog, a measure of orders. At mid-year, it was up 4.8 percent over the previous year, a sign that business was picking up and one that led the company to upgrade its outlook for the year. But by the end of 2012 the backlog had fallen just below even with 2011's.

Still, the company edged up its EBITDA expectations for the year to ⿬1.1 billion. Last year, it was ⿬1 billion, a sharp rise over 2011's ⿬586 million.

Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs