AREVA's consolidated revenue in 2011

As of December 31, 2011:

• Revenue of €8.872 bn, down 2.6% vs. 2010 (-1.2% like for like)
• Backlog of €45.6 bn, up 6.7% over 3 months, up 3.1% vs. 2010

In 2011, AREVA’s consolidated revenue came to 8.872 billion euros, down slightly (-2.6%) compared with 2010 (-1.2% like for like). The decrease in revenue in nuclear operations was partially offset by significant growth in the renewables business. Foreign exchange and changes in the scope of consolidation had respectively a negative impact of 113 million euros and 16 million euros over the period.

Revenue totaled 2.922 billion euros in the fourth quarter of 2011, stable compared with the fourth quarter of 2010 (-0.5% on a reported basis and -0.5% like for like). Foreign exchange had a negligible impact during the period.

Led by nuclear operations, the group’s backlog was 45.6 billion euros at December 31, 2011, up 3.1% year on year and 6.7% in relation to September 30, 2011. Order cancellations since Fukushima were limited to 464 million euros as of December 31, 2011.

Concerning these figures, Luc Oursel, Chief Executive Officer, stated: “The growth of our backlog over a year marked by the Fukushima accident confirms the strength of the Group’s commercial presence alongside its customers. Similarly, the limited decline in revenue in 2011 illustrates the robustness of AREVA’s integrated business model – with the majority of our activity resting on recurring business generated in relation to our customers’ nuclear installed base – and the development of our renewable energies operations.”