Very positive net cash flow
Operating performance above expectations
Increase in adjusted net income attributable to owners of the parent2
The Board of Directors of Orano, meeting yesterday, approved the financial statements for the period ended December 31, 2018. When asked about the results, Philippe Knoche, Chief Executive Officer, stated:
“In its first full financial year, Orano has achieved the positive net cash flow target that it set in 2015, supported by the successful execution of its performance plan. This enables the group to start deleveraging. In a stabilizing market, as illustrated by the price trends for uranium and conversion, Orano also won nearly 2 billion euros in new orders, specifically in Asia, which makes up 24% of its revenue. These results confirm our customers confidence, as well as our group's capacity to be successful over the long-term and to be a major player on the world nuclear stage - an industry of the future."
1 Defined in Appendix 2.
2 New performance indicator to reflect Orano’s industrial performance independently of the impact of the financial markets and regulatory changes related to of end-of-lifecycle commitments defined in Appendix 2.