UPDATE 1-Areva revenue buoyed by nuclear services

Thu Jan 31, 2013 1:58pm EST
 
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* Maintenance supports revenue, despite lack of reactor sales

* 45 bln order book flat, worth nearly 5 yrs of sales

* Post-Fukushima cancellations double to 936 mln euros

* New renewables division sees sales double to 572 mln

PARIS, Jan 31 (Reuters) - French nuclear group Areva increased revenue in 2012 thanks to maintenance contracts for its large base of existing reactors, without selling a single new one.

Areva, the world's biggest maker of nuclear reactors, said its order book was virtually unchanged at 45.4 billion euros, or nearly five years worth of sales.

Its revenue though grew 5.3 percent to 9.34 billion euros ($12.68 billion) as the reactors and services division, its largest business unit, saw sales rise 5.5 percent to 3.45 billion euros.

Key contracts included one with French utility EDF for inspections at its 58 reactors, a contract for ventilation systems with Canada's SNC Lavalin Nucleaire, and a contract for control systems for Russian nuclear power plants.

A 10.4 percent increase in nuclear order intake compensated for 936 million euros of order cancellations following the Fukushima accident. In 2011, the firm lost orders worth 464 million euros after the March 2011 nuclear accident.   Continued...