Sandvika, July 10, 2012: Renewable Energy Corporation ASA (REC) will release its second quarter results for 2012 on Thursday July 19, 2012 just after 07:00 AM CET.
On the release day, President and CEO Ole Enger of REC will give a presentation together with other members of the management team. The presentation will take place at 08:00 hrs Norwegian time/CET at the conference centre Høyres Hus, Stortingsgata 20, 0161 Oslo, Norway.
The presentation, held in English, will be broadcasted live over the Internet, and can be accessed from: www.recgroup.com.
It will also be possible to listen to the presentation through a conference call. Please make sure to dial in 10 minutes prior to scheduled start time on one of the following numbers:
Confirmation code: 9506714
Norway Toll Free: 800 56 053
UK Toll Free: 0800 279 4841
USA Toll Free: 1877 249 9037
International Toll: +44 (0)20 7784 1036
REC will further host an analyst conference call with possibilities for questions and answers later the same day at 15:00 CET. Please make sure to dial in at least 5 minutes ahead of time to finalize your registration:
International dial in: +47 2318 4540, please state your name and company.
Immediately after the call, a replay of the conference call will be made available. To access, please dial +47 2318 4502 and use the following procedure:
- Type pincode 1524 followed by # (pound-sign)
- Continue by typing reference number 524 followed by # (pound-sign)
Re-presented financial figures based on discontinued operations
From the second quarter 2012, external profit and loss items of REC Wafer will be presented as discontinued operations in the consolidated financial statements.
Discontinued operations (external profit and loss items of REC Wafer) are re-presented and shown as a single amount (profit/loss for the period from discontinued operations) in the statement of income for the REC Group. Consequently, the re-presented statements of income exclude external line items for revenues and expenses etc of REC Wafer, and the line items are different from the statements of income for the REC Group presented previously.
The historic figures and details of discontinued operations and amounts re-presented are found in the attached.
For more information, please contact;
Mikkel Tørud, VP & IRO; +47 976 99 144
REC is a leading vertically integrated solar energy company. REC produces polysilicon, wafers, cells and modules for the solar industry, and silicon materials for the electronics industry. REC also engages in project development in selected PV segments. Founded in Norway in 1996, REC employs around 3500 people globally with revenues of more than NOK 13 billion in 2011. Please visit www.recgroup.com to learn more about REC.
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)