Consensus, analyst valuations

The analyst consensus is derived by calculating the average of the latest valuations as updated and communicated by brokerage firms. It is provided by AREVA for information only.

Analyst valuations

The analyst consensus is derived from the ‘average’ AREVA stock valuation as estimated by the various analysts who monitor it. It is updated each time a new study is published.

These forecasts are based on analyst estimates. The group does not communicate its own forecasts beyond those listed in the "Outlook" section of the 2008 reference document and in press releases.

The publication of the analyst consensus on AREVA's website does not constitute AREVA’s validation or approval of the projections presented, or any part thereof.

The information is not and does not represent a recommendation to purchase or sell stocks or to enter into transactions of any kind whatsoever.

For any additional information please contact your financial advisor.

List of organizations and their analysts

AnalystCompanyPostal address
CAI CHEUVREUXAlfred Glaser9, quai du Président Paul Doumer
92920 Paris La Défense, France
CM-CIC SecuritiesPatrice Lambert de Diesbach6, avenue de Provence
75441 Paris Cedex 09, France
EXANE BNP PARIBASOlivier Esnou16, avenue Matignon
75008 Paris, France
NATIXIS SecuritiesPhilippe Ourpatian47, quai d'Austerlitz
75648 Paris Cedex 13, France
JEFFERIESAlex Barnett8, rue Halévy
75009 Paris, France
STERNE AGEEBen Elias140 East 45th Street,
16th Floor
New York
NY 10017 (USA)
ODDO SecuritiesDelphine Brault12, boulevard de la Madeleine
75009 Paris, France
SG Securities Tour Société Générale,
17, cours Valmy
92987 Paris La Défense, France

Consensus updated 02/05/2010

In millions of Euros2007 Actual2008 Actual2009 Actual *
Incl. T&DExcl. T&D
Revenue11,92313,16014,0038,529
Operating  income751417nana
Operating margin (%)6.3%3.17%nana
Consolidated net income743589nana
Earnings per share (in euros)20.9516.62nana

* T&D activity put up for sale
Datas not available at that date