The company reported preliminary 2015 results. In Q4 15, revenues declined 14.4% to US$74.9m. The EBITDA loss increased from US$14.1m to US$29.6m, mainly attributable to lower revenues, a bad debt expense of US$7m and a write-down on inventories of around US$6.1m. Total polysilicon production reached 3,022MT, or 2% higher than the guidance of 2,980MT. Production of silicon gases reached 709MT and exceeded guidance of 700MT. Silicon gas prices, however, declined 2% in the fourth quarter.
08 Feb 2016
Trade war is pushing the company to the brink
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trade war is pushing the company to the brink
REC Silicon ASA (0FS8:LON) | 0 0 0.0% | Mkt Cap: 1,187m
- Published:
08 Feb 2016 -
Author:
Heinz Steffen -
Pages:
2
The company reported preliminary 2015 results. In Q4 15, revenues declined 14.4% to US$74.9m. The EBITDA loss increased from US$14.1m to US$29.6m, mainly attributable to lower revenues, a bad debt expense of US$7m and a write-down on inventories of around US$6.1m. Total polysilicon production reached 3,022MT, or 2% higher than the guidance of 2,980MT. Production of silicon gases reached 709MT and exceeded guidance of 700MT. Silicon gas prices, however, declined 2% in the fourth quarter.