Framatome: EBITA increased
25 February 2021
France’s Framatome has released its financial results for its fiscal year ending 31 December 2020 reporting revenue of €3.295 billion ($4bn), an organic reduction of 3.1% compared with 2019. The negative impact of the COVID-19 pandemic was significant for the Installed Base Business Unit and the schedules of some component replacement projects; however, the workload with customers sustained the activities, Framatome said.
The earnings before interest, tax, depreciation and amortisation (EBITDA) were €561 million, an organic increase of 6.4% on 2019, “due to successful project execution and continued efforts to reduce costs”.
The Installed Base Business Unit improved its performance in the US market and continued equipment deliveries from Germany to the Angra 3 project in Brazil. The Instrumentation and Control Business Unit continued to grow its activities in the UK, Eastern Europe and the US for new builds and existing reactor refurbishments for customers’ operations.