French state-controlled nuclear group Areva said first-quarter sales from its nuclear fuel and uranium unit fell 0.8 percent to 826 million euros ($936 million) as uranium deliveries slowed. On a like-for-like basis, sales of the unit fell 2.2 percent. The company said in a statement that sales of its reactor building unit – which it is set to sell to utility EDF early next year – fell 5.8 percent to 885 million euros. Areva also confirmed its target for net cash flow from company operations of -2.0 billion euros to -1.5 billion euros at the end of 2016. The company said it had recorded close to 700 new departures during the first quarter, in line with its target of 6,000 job cuts by the end of 2017.
Reuters 28th April 2016 read more »