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Atkinsrealis Group Inc
Symbol ATRL
Shares Issued 175,272,970
Close 2024-06-13 C$ 57.99
Market Cap C$ 10,164,079,530
Recent Sedar Documents

Globe says Atkinsrealis going all-in for nuclear

2024-06-14 06:40 ET - In the News

The Globe and Mail reports in its Friday edition that AtkinsRéalis is predicting a doubling of its nuclear business in the next three years, as the Montreal engineering company seeks to capitalize on what it is calling a nuclear "super cycle" in which countries turn to the technology to meet growing energy demand while reducing greenhouse gas emissions. The Globe's Adam Radwanski writes that the projections, delivered during an investor day in Toronto on Thursday, would see the former SNC-Lavalin increase annual revenues from its nuclear division from $1-billion in 2023 to between $1.8-billion and $2-billion by 2027, making up a greater share of its total operations. Chief executive officer Ian Edwards told The Globe that the expected growth would come primarily from refurbishments to extend the lifespans of aging Candu reactors -- the technology AtkinsRéalis took over from Atomic Energy of Canada in 2011 -- in Canada and internationally. Mr. Edwards said that AtkinsRéalis is also hopeful about reaching deals as early as this year to sell its first new reactor in decades, an in-development Candu model it has branded the Monark, including potentially in Ontario, where it has most of its existing Canadian nuclear presence.

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