Rosatom’s Holding Company Posts 2017 Consolidated Net Income Of US$2 Billion

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Posted By Gbaf News

Posted on June 15, 2018

Rosatom’s Holding Company Posts 2017 Consolidated Net Income Of US$2 Billion

MOSCOW-JSC Atomenergoprom, the holding company of Russia’s nuclear energy corporation Rosatom in charge of its civil nuclear businesses, reported consolidated earnings of 116.2 billion roubles (US $2 bn) for 2017, up 25.2% from 92.8 billion roubles in 2016. Revenues reached 747.1 billion roubles (US $12.8 bn), up 6.7% from 699.9 billion roubles in 2016.

Atomenergoprom’s Director Dr Kirill Komarov said:

“Atomenergoprom’s strong performance across its main businesses clearly demonstrates that nuclear energy is a vibrant and dynamic sector, full of bankable projects and great potential. The results boost confidence in our ability to invest in new ventures and deliver attractive returns on investment.”

The share of export revenues stood at 29.3% of consolidated revenue in 2017, totalling 219.2 billion roubles (US $3.7 bn).

Total debt decreased by 37.55% to 184.7 bn roubles (US $3.2 bn) from 295.8 bn roubles as of 31 December 2016.

The company’s ten-year consolidated backlog of order for new innovative products and services beyond conventional nuclear energy business grew by 17.5% year-on-year to 814.1 billion roubles ($14 billion), having doubled since 2015 from making up about 5% of Rosatom’s total order book to about one tenth.

Dr Komarov commented:

“Atomenergoprom’s results contribute greatly to Rosatom’s 2030 strategic targets to increase its global market share and diversify its business so to get 30% of revenues from high-tech innovation products and services.”

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