Press Release

Framatome Reports 2019 Results

February 14, 2020 | 1 min |
Category: finance

February 14, 2020 – Framatome, an international leader in nuclear energy, reports financial results for its fiscal year ending December 31, 2019.

(millions of euros) 2018 2019 Organic Variance (%)
Revenue 3 313 3 377 +0.6
EBITDA (1) 465 527 +3.0

Revenue is 3,377 million euros, an organic increase of 0.6% compared to 2018.

The earnings before interest, tax, depreciation and amortization (EBITDA) is 527 million euros, an organic increase of 3.0% from 2018.

Order intake amounted to 3.3 billion euros in 2019.

The Installed Base and Instrumentation & Control Business Units performed better in the United States and Germany (80% export) in a very competitive market. Installed Base was affected by an increase in the execution costs of certain exports projects and in France.

The profitability of the Component Manufacturing Business Unit improved due to the increase in the production of equipment for replacement steam generators and new projects.

The Fuel Business Unit benefited from maintaining its production levels and the delivery of fuel assemblies for the Taishan EPRs in China.

The Large Projects Business Unit is growing with the ramp-up of the Hinkley Point C EPR project in England, which offsets the drop in activity linked to the commissioning of Taishan in China.

In addition, EBITDA is supported by the continuation of the corporate cost reduction plan.

 

About Framatome

Framatome is an international leader in nuclear energy recognized for its innovative solutions and value added technologies for the global nuclear fleet. With worldwide expertise and a proven track record for reliability and performance, the company designs, services and installs components, fuel, and instrumentation and control systems for nuclear power plants. Its more than 14,000 employees work every day to help Framatome’s customers supply ever cleaner, safer and more economical low-carbon energy.

Framatome is owned by the EDF Group (75.5%), Mitsubishi Heavy Industries (MHI – 19.5%) and Assystem (5%).