“Action 2016”: AREVA’s strategic action plan to improve performance

• Detailed presentation of “Action 2016” plan on Tuesday, December 13, 2011

• Financial outlook:
      - Operating losses expected in 2011
      - Objective: self-finance capex for the period 2012-2016 in cumulative terms
      - Free operating cash flow at break-even beginning in 2013; above €1bn per year beginning in 2015

Paris, December 12, 2011

Luc Oursel, Chief Executive Officer of AREVA, and Pierre Aubouin, Chief Financial Executive Officer, will present the group's “Action 2016” strategic action plan during the informational meeting scheduled for tomorrow in Paris. “Action 2016” is based on an in-depth analysis of the market’s outlook.

“AREVA must found its development on a long-term vision of the energy market declared Luc Oursel. Considering the expected growth in electric consumption, AREVA is convinced that the outlook for nuclear and renewable energy development remains strong in the coming years, even if expansion of the global installed base of nuclear reactors is postponed to a certain extent compared with forecasts available before the Fukushima accident.  

AREVA’s ambition, with the deployment of the “Action 2016” strategic action plan, is to strengthen its leadership in providing solutions for the generation of electricity with less CO₂. For this purpose, the group will rely on the expertise of its employees, the trust of its customers around the globe and the support of its shareholders. 

To achieve this goal, AREVA is committed to improving its performance during the coming years.”

The AREVA Supervisory Board met today under the chairmanship of Jean-Cyril Spinetta to review and approve the group’s main strategic directions and its financial outlook for the five coming years.