1 Table of Contents 3
1.1 List of Tables 9
1.2 List of Figures 10
2 Company Snapshot 11
2.1 Key Information 11
2.2 Company Overview 11
2.3 Financial Performance 11
2.4 SWOT Snapshot 11
3 Business Description 12
3.1 Business Overview 12
3.2 Back End 12
3.2.1 Overview 12
3.2.2 Production 12
3.2.3 Financials 12
3.2.4 Capital Expenditure 13
3.2.5 Market View 13
3.2.6 Key Strategies 13
3.3 Front End 13
3.3.1 Overview 13
3.3.2 Production 14
3.3.3 Financials 14
3.3.4 Capital Expenditure 14
3.3.5 Market View 14
3.3.6 Key Strategies 15
3.4 Reactors and Services 15
3.4.1 Overview 15
3.4.2 Production 15
3.4.3 Financials 16
3.4.4 Capital Expenditure 16
3.4.5 Market View 16
3.4.6 Key Strategies 16
3.5 Transmission and Distribution 16
3.5.1 Overview 16
3.5.2 Production 17
3.5.3 Financials 17
3.5.4 Capital Expenditure 17
3.5.5 Market View 17
3.5.6 Key Strategies 17
3.6 Major Products and Services 18
3.6.1 Overview 18
4 History 19
5 Business Strategy 24
5.1 Mission Statement 24
5.2 Strategy 24
5.3 Corporate Social Responsibility 25
5.3.1 Overview 25
5.3.2 Specific CSR Initiatives 25
6 Value Chain Analysis 27
6.1 Equipment Manufacturing 27
6.1.1 Overview 27
6.1.2 Financials, Production and Major Projects 28
6.2 Consulting 28
6.2.1 Overview 28
6.2.2 Financials, Production and Major Projects 28
7 SWOT Analysis 29
7.1 Overview 29
7.2 AREVA Strengths 29
7.2.1 Full Vertical Integration and Solution for Each Customer 29
7.2.2 Technological Expertise 30
7.2.3 Global Presence 30
7.2.4 Robust Growth 30
7.3 AREVA Weaknesses 30
7.3.1 Dependence on Few Customers 30
7.3.2 Risk of an Industrial Breakdown 30
7.3.3 Decreasing Revenue from Back End Division 31
7.4 AREVA Opportunities 31
7.4.1 Growing Global Demand for Electricity 31
7.4.2 Transmission & Distribution Division 31
7.4.3 Major Contracts 32
7.5 AREVA Threats 32
7.5.1 Intense Competition 32
7.5.2 Regulation Applicable to the Nuclear Facilities 32
7.5.3 Political Risk 32
8 Competitors 33
9 Revenue Analysis 34
9.1 Revenue by Segment 34
9.2 Revenue by Geography 34
10 Financial and Operational Review 36
10.1 Financial Statements 36
10.2 Financial Ratios 37
11 Operational Indicators 38
12 Share Holding Structure 39
13 Key Employees 40
14 Key Employee Biographies 41
15 Company Statement 42
16 Locations And Subsidiaries 45
16.1 Head Office 45
16.2 Other Locations & Subsidiaries 45
17 Financial Deals Landscape 47
17.1 Rumored Deals 47
17.1.1 Bouygues to bid for Areva 47
17.2 Asset Purchase 48
17.2.1 AREVA Transmission & Distribution Sells Its New Zealand And Australian Electrical and Telecommunication Services Business To Transfield Services 48
17.3 Partnership 50
17.3.1 AREVA Forms Joint Venture With China Guangdong Nuclear Power 50
17.3.2 AREVA Forms Joint Venture With Mitsubishi Heavy Industries 51
17.3.3 Total, Suez And AREVA To Form A Joint Venture 52
17.3.4 Areva plans India JV For Nuclear Power Equipment 54
17.3.5 E.ON Signs Letter Of Intent With AREVA And Siemens 55
17.3.6 Constellation Energy Forms Joint Venture With AREVA 56
17.4 Acquisition 58
17.4.1 AREVA acquires stake in Enrichment Technology Company 58
17.4.2 AREVA Acquires 51% Stake In Multibrid 59
17.4.3 AREVA Acquires Koblitz 60
17.4.4 AREVA Sells Its Minority Stake In REpower 62
18 Recent Developments 65
18.1 New Projects 65
18.1.1 Jul 03, 2008: France To Construct Second Third-Generation EPR Nuclear Power Plant 65
18.1.2 May 08, 2008: Romania To Build Nuclear Power Plant In Transylvania By 2020 65
18.2 New Contracts 65
18.2.1 Aug 01, 2008: AREVA To Supply Nuclear Fuel Assemblies For Taipower Worth More Than $200 Million 65
18.2.2 Jun 16, 2008: AREVA Wins Service Contracts For Angra 1 And 2 Nuclear Power Plants In Brazil 66
18.2.3 Apr 10, 2008: AREVA Signs Contracts With Japanese Utilities For Nuclear Energy 66
18.2.4 Apr 03, 2008: AREVA And Mitsubishi Alliance Win US DOE GNEP Contract Extension 66
18.2.5 Feb 05, 2008: AREVA Wins Nuclear Fuel Contracts From US Utility Companies 67
18.2.6 Jan 25, 2008: AREVA Wins Contracts From NTPC And POWERGRID In India 67
18.2.7 Jan 23, 2008: AREVA To Supply 5 MW Wind Turbines To Germany 67
18.3 Operations Updates 68
18.3.1 Aug 07, 2008: AECL And SNC-Lavalin Seeks Grants From Government To Build Two Nuclear Reactors In Ontario 68
18.3.2 Jul 07, 2008: IAEA Completes Review Of ATMEA 1 Nuclear Reactor Conceptual Design Safety Features 69
18.3.3 Jun 09, 2008: MULTIBRID Completes Erecting M5000 Offshore Wind Turbines In Bremerhaven 69
18.4 Financial Announcements 70
18.4.1 Jul 24, 2008: AREVA Reports 1H 2008 Results 70
18.4.2 Apr 24, 2008: AREVA Declares Q1 2008 Results 71
18.4.3 Feb 26, 2008: AREVA Declares 2007 Results 74
18.4.4 Oct 25, 2007: AREVA Declares Q3 2007 Results 76
18.4.5 Aug 31, 2007: AREVA Reports 1H 2007 Results 76
18.4.6 Mar 22, 2007: AREVA Reports 2006 Results 78
18.5 Strategy and Business Planning 80
18.5.1 Jul 28, 2008: AmerenUE Submits COLA To NRC For Nuclear Generating Unit In Missouri 80
18.5.2 Jul 10, 2008: Total, Eni To Offer Help To Middle East To Construct Nuclear Power Stations 81
18.5.3 Apr 23, 2008: E.ON, AREVA And Siemens Sign LOI For Nuclear Power Projects 81
18.5.4 Mar 31, 2008: URS Led Consortium Signs Agreement To Operate Nuclear Waste Site In UK 82
18.5.5 Jan 31, 2008: AREVA Submits Bid For Nuclear Plants In RSA 83
18.5.6 Jan 29, 2008: AREVA Plans To Expand Its Renewable Operations 83
18.5.7 Jan 26, 2008: AREVA Plans Joint Venture With Indian Firms For Nuclear Power Equipment 83
18.5.8 Jan 14, 2008: AREVA, Total And Suez Sign Partnership Agreement For Nuclear Power Plant Project 84
18.5.9 Dec 07, 2007: AREVA, MHI Form Joint Venture To Develop Nuclear Power Reactor 84
18.5.10 Dec 04, 2007: AREVA Joint Venture To Proceed With Midwest Uranium Mine 85
18.5.11 Nov 26, 2007: AREVA Signs Contract With CGNPC 85
18.6 Government and Public Interest 86
18.6.1 Jul 03, 2008: France To Construct Second Third-Generation EPR Nuclear Power Plant 86
18.6.2 Jun 16, 2008: Ontario Asks Three Firms To Submit Nuclear Proposals 86
18.6.3 May 08, 2008: Romania To Build Nuclear Power Plant In Transylvania By 2020 87
18.7 Other Significant Developments 87
18.7.1 Aug 17, 2008: NPCIL Short-Lists Four Firms For Nuclear Reactors 87
18.7.2 Feb 03, 2008: Alstom To Supply Turbines For AREVA EPR Reactors 88
18.7.3 Jan 23, 2008: Multibrid To Supply Offshore Turbines To PROKON 88
19 Appendix 89
19.1 Methodology 89
19.2 About Global Markets Direct 89
19.3 Contact Us 89
19.4 Disclaimer 89
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