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
|
|
|