The group recorded E751 million in operating income for 2007, representing 6.3% of sales revenue, compared with E407 million in 2006, which is equal to 3.7% of the group’s sales revenue in that year.
Net financial income came to E64 million in 2007, compared with E97 million in 2006, notably due to the growth of net borrowing costs. As previously reported, the group posted sales revenue of E11.92 billion, up 9.8% on a reported basis and up 10.4% at constant exchange rates, accounting methods and consolidation scope. Organic growth was 7.1% in the nuclear and 16.7% in the transmission & distribution (T&D) businesses.
Anne Lauvergeon, CEO and chairman, said: The Areva group recorded accelerated growth and increased profitability in 2007, meeting both of our objectives for the year. For more than three years, Areva has built up its capacity to meet surging demand in the nuclear power and T&D markets through an active policy of R&D and by capitalizing on the diversity and strength of our partnerships.
