Annual Report 2018
New Businesses and Products
TVEL Fuel Company of Rosatom
Annual Report 2018

Key Results of TVEL Fuel Company

Net Income, RUB million
49,204
2017
55,008
2016
46,212
EBITDA margin
39.9%
2017
41.5%
2016
43.0%
-9.6%
Revenue (net) from the sales,
RUB million

2018
163,173
2017
180,683
2016
180,073
+16.0%
Adjusted free cash flow,
RUB billion

2018
89.8
2017
77.4
2016
83.9
+23.2%
Foreign orders portfolio for products and services of FE NFC for a 10 year period,
USD billion

2018
13.3
2017
10.8
2016
10.1

MESSAGE FROM THE CHAIRMAN OF THE BOARD OF DIRECTORS

Tvel fuel company plays an important role in promotion of Russian nuclear technologies abroad, working in the global market both within Rosatom integrated offer, or directly with operators of NPPs of Russian and foreign design

DEAR COLLEAGUES AND FRIENDS,

Nuclear Fuel Division of Rosatom State Corporation, managed by TVEL JSC, has key importance for consolidated financial indicators of the Russian nuclear industry, achievement of the strategic goals set by Rosatom both for Russian and the global markets, and accomplishment of the largest projects for nuclear power of the 21st century.

MESSAGE FROM THE PRESIDENT

The year 2018 was marked by stable and successful growth in TVEL Fuel Company of Rosatom. Due to professional and coordinated teamwork the Company managed to achieve new significant results in the global nuclear fuel market. The ten-year export orders portfolio for nuclear products reached USD 13.3 billion

DEAR COLLEAGUES,

Continuous improvement of nuclear fuel, development and introduction of new designs and modifications allow offering the fuel with advanced technical and economic characteristics to our traditional customers. In 2018, the Company signed an agreement on new modified fuel introduction at Loviisa NPP for VVER-440 reactors, supplied the fourth generation TVSA-Т. mod.2 fuel for loading into Temelin NPP, and completed resource testing of the new fuel assemblies for the customers in Finland and Hungary.