Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last €0.15 EUR
Change Today -0.009 / -5.62%
Volume 8.0K
As of 2:11 AM 08/4/15 All times are local (Market data is delayed by at least 15 minutes).

rec silicon asa (R3Q) Snapshot

Open
€0.16
Previous Close
€0.16
Day High
€0.17
Day Low
€0.15
52 Week High
09/8/14 - €0.43
52 Week Low
07/15/15 - €0.14
Market Cap
384.1M
Average Volume 10 Days
11.7K
EPS TTM
--
Shares Outstanding
2.5B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for REC SILICON ASA (R3Q)

Related News

No related news articles were found.

rec silicon asa (R3Q) Related Businessweek News

No Related Businessweek News Found

rec silicon asa (R3Q) Details

REC Silicon ASA produces and sells silicon materials worldwide. It provides solar and electronic grade polysilicon for the solar energy industries; and silicon gases for the electronics industries. The company was formerly known as Renewable Energy Corporation ASA and changed its name to REC Silicon ASA in October 2013. REC Silicon ASA is headquartered in Lysaker, Norway.

720 Employees
Last Reported Date: 07/15/15

rec silicon asa (R3Q) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: $1.2M
Chief Financial Officer
Total Annual Compensation: $293.7K
Vice President of Legal and General Counsel
Total Annual Compensation: $386.8K
Vice President of Commercial
Total Annual Compensation: $616.4K
Compensation as of Fiscal Year 2014.

rec silicon asa (R3Q) Key Developments

REC Silicon ASA Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Production and Capex Guidance for the Third Quarter, Fourth Quarter and Full Year 2015

REC Silicon ASA announced consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were USD 93.0 million against USD 126.9 million a year ago. EBITDA was USD 5.8 million against USD 31.6 million a year ago. LBIT was USD 29.4 million against USD 1.7 million a year ago. Loss before tax from continuing operations was USD 42.8 million against income before tax from continuing operations of USD 19.7 million a year ago. Loss from continuing operations was USD 30.9 million against profit from continuing operations of USD 24.6 million a year ago. Loss attributable to owners of the company was USD 30.2 million against profit attributable to owners of the company of USD 25.0 million a year ago. Basic and diluted loss per share from continuing operations were USD 0.01 against EPS of USD 0.01 a year ago. Basic and diluted loss per share from total operations was USD 0.01 against EPS of USD 0.01 a year ago. Net cash flow from operating activities was USD 8.7 million against USD 1.5 million a year ago. Payments for property, plant and equipment and intangible assets were USD 14.1 million against USD 3.7 million a year ago. For the six months, revenues were USD 167.4 million against USD 240.3 million a year ago. EBITDA was USD 30.6 million against USD 49.1 million a year ago. LBIT was USD 40.9 million against USD 17.6 million a year ago. Loss before tax from continuing operations was USD 42.8 million against income before tax from continuing operations of USD 19.7 million a year ago. Profit from continuing operations was USD 15.7 million against loss from continuing operations of USD 25.0 million a year ago. Profit attributable to owners of the company was USD 15.8 million against loss attributable to owners of the company of USD 26.2 million a year ago. Basic and diluted earnings per share from continuing operations were USD 0.01 against loss per share of USD 0.01 a year ago. Basic and diluted earnings per share from total operations were USD 0.01 against loss per share of USD 0.01 a year ago. Net cash used in operating activities was USD 18.5 million against net cash flow from operating activities USD 36.6 million a year ago. Payments for property, plant and equipment and intangible assets were USD 28.5 million against USD 6.4 million a year ago. Net debt decreased to USD 138 million as at March 31, 2015, from USD 140 million a year ago. This decrease is due primarily to lower carrying values of the company's debt due to the fair value adjustment to the USD convertible bond. REC Silicon targets polysilicon production of approximately 3,600 MT in the third quarter, 3,250 MT in the fourth quarter, and 17,130 MT in total for 2015. This represents a reduction of approximately 2,000 MT from prior 2015 guidance and is caused almost exclusively by the curtailment of FBR production capacity at the Moses Lake facility. Silicon gas sales volumes are targeted at 720 MT for the third quarter, 850 MT for the fourth quarter, and 3,300 MT in total for 2015. This represents a reduction of approximately 400 MT from prior 2015 guidance and is driven by sales volumes lost due to the West Coast port slowdown in the United States during the first half of 2015. FBR production is expected to be 2,920 MT in the third quarter, 2,430 MT for the fourth quarter and 14,270 MT for the year 2015. Semiconductor Production is expected to be 330 MT for the third quarter, 350 MT for the fourth quarter and 1,300 MT for the year 2015. Maintenance capital expenditure is expected to be USD 15 million, Expansion capex is expected to be USD 40 million and total capex is expected to be USD 55 million.

REC Silicon ASA, Q2 2015 Earnings Call, Jul 16, 2015

REC Silicon ASA, Q2 2015 Earnings Call, Jul 16, 2015

REC Silicon ASA, Q2 2015 Earnings Call, Jul 16, 2015

REC Silicon ASA, Q2 2015 Earnings Call, Jul 16, 2015

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
R3Q:GR €0.15 EUR -0.009

R3Q Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Comtec Solar Systems Group Ltd $0.86 HKD -0.01
Green Energy Technology Inc 12.65 TWD -1.35
Integrated Silicon Solution Inc $21.94 USD +0.01
Motech Industries Inc 37.00 TWD -4.10
Solargiga Energy Holdings Ltd $0.25 HKD +0.004
View Industry Companies
 

Industry Analysis

R3Q

Industry Average

Valuation R3Q Industry Range
Price/Earnings 1.3x
Price/Sales 1.3x
Price/Book 0.5x
Price/Cash Flow 1.2x
TEV/Sales 0.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact REC SILICON ASA, please visit www.recsilicon.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.