The company reported Q2 15 results. Revenues declined 26.7% to US$93m. EBITDA plummeted from US$31.6m to US$5.8m. The EBITDA margin reached 6.2% compared to 25% in Q2 14. Net losses from continuing operations reached US$42.8m compared to a profit of US19.7m. Silicon production increased only 2.7% to 5,071mt. The trends in the second quarter compared to the first quarter are breath-taking. Polysilicon sales volume went up 60% and prices declined 20%. Silane gas sales volume jumped 34% and pric
16 Jul 2015
A long and winding road
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A long and winding road
REC Silicon ASA (0FS8:LON) | 0 0 0.0% | Mkt Cap: 1,187m
- Published:
16 Jul 2015 -
Author:
Heinz Steffen -
Pages:
2
The company reported Q2 15 results. Revenues declined 26.7% to US$93m. EBITDA plummeted from US$31.6m to US$5.8m. The EBITDA margin reached 6.2% compared to 25% in Q2 14. Net losses from continuing operations reached US$42.8m compared to a profit of US19.7m. Silicon production increased only 2.7% to 5,071mt. The trends in the second quarter compared to the first quarter are breath-taking. Polysilicon sales volume went up 60% and prices declined 20%. Silane gas sales volume jumped 34% and pric