Urenco Annual Report 2022

50 Urenco Annual report and accounts 2022 Strategic report 01 Group Finance Report EBITDA 1 remains very strong despite falling year-on-year due to increased costs as the business repositions itself for future opportunities. Operating cash flow is primarily higher due to favourable movements in working capital. Net income has been favourably impacted by a reversal of impairment charges on US assets. Results for 2022 Revenue Revenue for the year ended 31 December 2022 was €1,716.5 million, an increase of €47.2million (2.8%) on the €1,669.3million in 2021. SWU revenues were higher in 2022 by €32.8million, driven by both higher volumes and realised prices. Uranium related sales, however, fell by €19.6million, with the impact of lower volumes partially offset by higher realised prices. Other revenues increased by €34.0million year on year.