First quarter 2011 revenue: 2.7% growth like for like to 1.979 billion euros
GROUP / FINANCE
May 02, 2011
The group reported consolidated revenue of 1.979 billion euros in the 1st quarter of 2011, for 2.2% growth compared with the 1st quarter of 2010 (+ 2.7% like for like1). The increase was driven by the Mining / Front End Business Group (+ 20.8% LFL1). Revenue from outside France rose 12.0% to 1.22 billion euros and represented 62% of total revenue. The impacts of foreign exchange2 and changes in consolidation scope were negligible during the period.
The March 11 events in Japan had no significant impact on the group’s performance in the 1st quarter of 2011.
The group’s backlog of 43.5 billion euros at March 31, 2011 was stable in relation to March 31, 2010. The growth in the backlog of the Mining / Front End and Renewable Energies Business Groups offset the partial depletion of the backlog in the Reactors & Services and Back End Business Groups as contracts were completed.
It should be noted that revenue may vary significantly from one quarter to the next in the nuclear operations. Quarterly data should not be viewed as a reliable basis for annual projections.
1 Like-for-like, i.e. at constant exchange rates and consolidation scope
2 Translation of subsidiary accounts