PARIS (Reuters) - Areva NP, the nuclear reactor business company in which EDF (EDF.PA) is in the process of buying a majority stake, is eyeing a sharp rise in sales and profits over the next five years, Les Echos newspaper reported.
Les Echos cited a document on Areva NP’s strategic plans from now until 2021, which said the company was eyeing sales to rise by 50 percent from now to reach 4.8 billion euros (£4 billion) by 2021.
It added that Areva NP was also targetting earnings before interest, tax, depreciation and amortisation (EBITDA) of 600 million euros by 2021, up from 95 million euros last year.
French state-owned power group EDF is currently in the process of buying a majority stake in Areva NP, following a restructuring of French nuclear group Areva.
Officials at Areva NP could not be immediately reached for comment.
Reporting by Sudip Kar-Gupta and Pascale Denis; Editing by Vyas Mohan