Energy Industry
Industry: Email Alert RSS FeedAREVA (FORMERLY-CEA-INDUSTRIE) ANNOUNCES 4.6% FALL IN NET PROFITS.
Europe Energy, October, 2001
France's Commissariat a l'energie atomique (CEA) holding, CEA-Industrie, renamed Areva in September, has announced a 4.6% fall in net profits for the first half of 2001 from Euro 218 to 208 million. Turnover for the first six months of 2001 is up 2.4% from Euro 4.153 to 4.251 billion, but operating profits are down 28% from Euro 248 to 179 million.
Launched on September 3, Areva oversees on the one hand the activities of Framatome ANP (created through the merger of Framatome and Siemens's nuclear activities) and Cogema, and on the other, a "new technologies" division based on FCI (Framatome's connections division) and the CEA's 11% stake in STMicroelectronics.Turnover growth breaks down as an 11.2% improvement in returns from the nuclear energy division...
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