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Fourth quarter 2009

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Renewable Energy Corporation ASA presented its fourth quarter 2009 results on February 10, 2010, and reported a revenue of NOK 2,676 million - an increase of 12 percent from NOK 2,380 million in the fourth quarter 2008.

HIGHLIGHTS

  • Revenue growth of 12 percent
    • NOK 2,676 million versus NOK 2,380 million in the fourth quarter 2008
  • Operating results negatively affected by reduced sales prices, impairments, expansion and ramp-up
    • EBITDA NOK 567 million versus NOK 936 million in the fourth quarter 2008
    • Impairment charges on property, plant, equipment and intangibles of NOK 1,485 million in the fourth quarter 2009, primarily related to the wafer mono operations, REC ScanModule and Sovello
    • EBIT NOK -1,364 million versus NOK 696 million in the fourth quarter 2008
  • Successfully launched and executed a EUR 320 million convertible bond
(MNOK) Q4-2009 Q4-2008
Revenues 2 676 2 380
EBITDA 567 936

 




Fourth quarter 2009
febrero 10, 2010

Oslo Konserthus, Oslo