PARIS, July 26 Areva, the world's
biggest maker of nuclear plants, raised its outlook for the year
after first-half earnings exceeded its own expectations thanks
partly to revenue growth in its nuclear business and the effects
of its restructuring.
Its improved earnings outlook includes expectations for core
earnings exceeding 950 million euros ($1.15 billion) instead of
Areva's earlier target of more than 750 million. The
state-controlled group also sees revenue growth of 4 to 6
percent in the nuclear business against 3 to 6 percent before.
"In view of this encouraging performance in the first half
of 2012 and early achievement of certain objectives of our
"Action 2016" plan, we are able to revise our financial outlook
upwards for the year 2012 as a whole," Chief Executive Luc
Oursel said in a statement on Thursday.
Areva's backlog rose 2.1 billion euros in the first half of
the year to 45.2 billion, with order intake up 14 percent
compared with the same period in 2011 when Japan's nuclear
accident, caused by natural disasters, led to cancelled orders
and put a lid on demand for nuclear energy.
($1 = 0.8248 euros)
(Reporting by Caroline Jacobs; Editing by James Regan)