REC Silicon’s Q1 report was characterized by the high cash outflow and the successful refinancing measures. The former was related to the strong restart ambitions of the Moses Lake production site, whereas the latter was crucial to give the company a certain leeway and freedom to follow its recovery path.
The reported figures missed our expectations (sales: -5.3%; EBITDA: -30.4%), but this not meaningful as the overall story remains intact. However, the higher EBITDA loss was partly explained ....
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High cash outflow
REC Silicon’s Q1 report was characterized by the high cash outflow and the successful refinancing measures. The former was related to the strong restart ambitions of the Moses Lake production site, whereas the latter was crucial to give the company a certain leeway and freedom to follow its recovery path.
The reported figures missed our expectations (sales: -5.3%; EBITDA: -30.4%), but this not meaningful as the overall story remains intact. However, the higher EBITDA loss was partly explained ....