URENCO REPORTS POSITIVE HALF-YEAR FINANCIALS

The URENCO Group reported positive financial results in its half-year unaudited financial results Friday, including record sales of enrichment services and a €170 million ($217.5 million) increase in revenue. During that period, URENCO invested €295 million ($377 million) in new enrichment and deconversion capacity in both the Netherlands and at the URENCO USA facility in New Mexico, and marked the start of operations for new TC21 centrifuges at URENCO USA in August. Revenue for the six months ending June 30 totaled €697 million ($891 million), up from €527 million ($674 million) in the same period in 2011. SWU sales volumes increased 20 percent, and URENCO’s order book stands at €19 billion ($24 billion), down slightly from €20 billion ($25.5 billion) at the end of 2011. “URENCO’s performance in the first half of the year was strong and I am particularly proud of the reliability of service we delivered to our customers,” Helmut Engelbrecht, Chief Executive of the URENCO Group, said in a statement. “We remain confident in the long-term future of the nuclear sector as an essential part of the global energy mix.”