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Solid 2019 performance and growth. Continued improvement in 2020

Robust operating performance

  • Revenue of €3,787 million, up +4.5% compared with 2018 (+3.7% like-for-like1)
  • EBITDA margin of 23.7% (22.7% in 2018) supported by the performance plan

Net cash flow from company operations very positive

  • Net cash flow of €219 million, up compared with 2018 (€158 million)
  • A voluntary contribution of €134 million to earmarked assets brought the coverage rate of end-of-life-cycle liabilities up to 100%

Big increase in net income attributable to owners of the parent

  • Net income attributable to owners of the parent of €408 million (loss of €544 million in 2018), reflecting the high return on earmarked assets and the good operating momentum
  • Adjusted net income attributable to owners of the parent1  of €145 million loss (profit of €72 million in 2018), penalized by the impact of the drop of the rates in 2019 and by the non-recurring cost of the debt refinancing transaction for a total of €150 million

Improved 2020 financial outlook2

  • Increase in the anticipated EBITDA margin to between 23% and 26% (vs. between 21% and 24%)
  • Continued revenue growth


The Orano Board of Directors met yesterday and approved the financial statements for the year ended December 31, 2019. When asked about the results, Philippe Knoche, Chief Executive Officer, stated:

 “Orano delivered solid results in 2019 with a return to revenue growth, an increase in the EBITDA supported by successful implementation of its performance plan and a positive net cash flow after a voluntary contribution enabling a return to 100% coverage of its dismantling liabilities. By improving its financial outlook for 2020, the Group is confirming its role as a major player in the low carbon nuclear energy industry, which has its part to play in the fight against climate change.”


1 Definition in Appendix 2.
2  Compared with those issued on July 31, 2019.


Read the entire Press Release

  • Press Release - 2019 annual results
  • Recording of the presentation annual results for 2019
  • See more Publications and regulated Information


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Press Office
+33 (0)1 34 96 12 15
Contact Investisseur
Quesnoy Marc

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