Orano (formerly known as Areva) has published its 2017 results: revenue totalled €3.9bn in 2017, down by 11% on 2016 (€4.4bn), in line with the company's expectations regarding the pace of its backlog schedule. As of December 2017, Orano's backlog amounted €30.8bn (-26% compared with €33.6bn in 2016), which represents almost 8 years of revenue for the company. The €3.1bn order intake in 2017 includes uranium supply and conversion and enrichment services related to the Hinkley Point C project in the United Kingdom and contracts signed in Asian and American customers.
These results remain affected by its restructuring (the French State completed a €2.5bn capital increase in July 2017), the acquisition of equity stakes by the Japanese groups JNFL and MHI and a difficult market context. Orano's operating income stood at -€34m in 2017 (€415m in 2016), mainly because of a €492m impairment.
Orano's strategic action plan for the next year has set three main objectives: becoming net flow positive in 2018, boosting the company's expansion in the Asian markets and developing engineering, logistics and dismantling services. 30% of the company's revenue are expected to derive from Asia by 2020, in particular in China, Japan and South Korea.