2014 results: Premature communication of certain estimated financial data

February 23, 2015

Press release

GROUP / FINANCE  

In view of the financial information recently appearing in the media, AREVA wishes to make clear that the 2014 financial statements will not be approved by the Board of Directors until March 3, 2015.

The Audit and Ethics Committee met on February 18, 2015 and took cognizance of unaudited preliminary financial information. The Committee's work continues, and it will meet again on March 2, 2015.

The unaudited preliminary financial information examined on February 18, 2015 by the Audit and Ethics Committee shows a negative net consolidated income attributable to owners of the parent around -4.9 billion euros at December 31,2014 (versus -0.5 billion euros at December 31, 2013), due among others to:

  • impairment in respect of certain current and non-current assets (including deferred tax assets and the Comurhex II conversion plant project);
  • provisions for losses at completion and risks on reactor construction or modernization projects (including the Olkiluoto 3 EPR project and the research reactor construction project) and on renewable energies contracts;
  • provisions linked to changes in the application of regulations related to end-of-lifecycle obligations.

As a reminder, the group is working on developing a competitiveness plan and a strategic and financial roadmap which will be the subject of a specific update on March 4 during the presentation of the annual results.

Press Contact AREVA INDIA & AREVA GROUP

MUMBAI
Equinox Business Park, Tower No. 3,
Off BKC, LBS Road, Kurla (West),
Mumbai 400 070
Tel: +91 22 6144 2000
Fax: +91 22 6144 2078

CHENNAI
Triton Square, 2nd Floor, C3-C7,
Thiru-Vi-Ka Industrial Estate, Guindy
Chennai 600 032
Tel: +91 44 66310200
Fax: +91 44 66310229

PARIS
1 place Jean Miller
92084 Paris- La Defense
FRANCE
Tel : +33 (0)1 34 96 12 15
Fax : +33 1 34 96 16 54