Nuclear giant Areva sees revenue rise 12.5 percent
French nuclear giant Areva sees revenue rise 12.5 percent as turnaround takes hold
PARIS (AP) -- France's state-controlled nuclear engineering giant, Areva, says revenue grew 12.5 percent in the first quarter, driven by strides in its mining and fuel-treatment businesses.
The company is trying to stage a turnaround after troubles with a mining venture and a global pullback from nuclear energy following Japan's Fukushima disaster.
Areva said Thursday that its revenue grew to 2.3 billion euros ($3 billion) in the January-to-March quarter.
Once the subject of massive charges, the mining business is getting back on track. Its revenue grew 26 percent. The company's "back end" business, which includes fuel treatment, saw 50 percent growth.
But Areva's backlog, a measure of orders, slipped during the quarter and is now even with where it was in March last year.
