Publication Laka-library:
Annual report and accounts 2022
| Author | Urenco |
 |
1-01-8-30-72.pdf |
| Date | April 2023 |
| Classification | 1.01.8.30/72 (URENCO/UCN ALMELO - GENERAL) |
| Front |
From the publication:
Performance in 2022 We have continued our strong financial, operational and sustainability performance, despite the turbulent geopolitical environment. This is thanks to the adaptability and hard work of our employees during 2022, that enabled us to swiftly react to the new found market conditions. Revenue increased to €1,716.5 million (2021: €1,669.3 million). EBITDA and net income fell slightly at €824.6 million and €285.1 million respectively (2021: €971.1 million; €364.5 million). Net income post- exceptional was up at €1,173.2 million due to reversal of an impairment of €888.1 million. Cash generated from operating activities was strong at €1,133.7 million (2021:€1,027.6 million), net cash was €627.2 million (2021: net debt €11.5 million). As a consequence of the improved enrichment market, in 2022 we have reversed impairment charges recorded against our US operations. This is encouraging, although stable policy frameworks and guidance, as well as longer term customer arrangements are required to enable us to invest in our business to meet expected future demand. Our order book extends into the 2030s and has grown by roughly 24% in 2022 with an approximate value of €10.8 billion and continues to provide Urenco with visibility and financial stability of future revenues.