Quarterly information - REC Group
(NOK in million) FY 2006 FY 2007 FY 2008
Revenues 4,334 6,642 8,191
EBITDA 1,965 3,172 3,278
EBITDA - margin 45% 48% 40%
EBIT 1,574 2,588 2,528
EBIT - margin 36% 39% 31%
Net financial items -830 -610 1,850
Profit/loss before tax from contiunuing operations 744 1,977 4,378
Quarterly information - REC Silicon
(NOK in million) FY 2006 FY 2007 FY 2008
Revenues 2,128 2,496 3,033
EBITDA 1,063 1,347 1,540
EBITDA - margin 50% 54% 51%
EBIT 874 1,171 1,343
EBIT - margin 41% 47% 44%
Polysilicon production in MT (Siemens and granular)
- of which solar- and electronic grade (in MT) 5,555 5,780 6,241
Polysilicon sale in MT (Siemens and granular) 5,965 5,698 6,549
Silane gas sale in MT 973 1,351 1,838
Quarterly information - REC Wafer Norway
(NOK in million) FY 2006 FY 2007 FY 2008
Revenues 2,455 4,360 4,894
EBITDA 825 1,813 1,674
EBITDA - margin 34% 42% 34%
EBIT 664 1,539 1,342
EBIT - margin 27% 35% 27%
Multi wafer production in MW1) 275 468 542
2)
Mono wafer production in MW 31 38 40
Total wafer production in MW 306 506 582
Multi wafer sale in MW1) 275 465 537
2)
Mono wafer sale in MW 31 38 40
Total wafer sale in MW 306 503 577
1) Multi production and sale reported at 16.75% cell efficiency for Q3 2011, 16.5% Q2 2011, 16.3% for Q1 2011, 16% for 2H 2010 a
2) Mono production and sale reported at 20% cell efficiency for all periods. Figures for 2010 are restated to include only A-wafers
Quarterly information - REC Solar
(NOK in million) FY 2006 FY 2007 FY 2008
Revenues 873 1,116 2,347
EBITDA 195 171 148
EBITDA - margin 22% 15% 6%
EBIT 158 114 -22
EBIT - margin 18% 10% -1%
Module production in MW 33 42 80
Contract manufacturing MW - - 7
Module sale in MW 32 43 81
All financial results prior to the fourth quarter 2010 are restated with the new segment information consisting of REC Silicon, REC W
FY 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 FY 2010 Q1 2011 Q2 2011 Q3 2011
8,831 2,360 2,758 3,783 4,874 13,776 4,109 3,391 3,001
1,803 415 455 827 1,836 3,532 1,449 871 370
20% 18% 16% 22% 38% 26% 35% 26% 12%
-829 -125 -146 155 1,134 1,018 772 -6,260 -1,282
-9% -5% -5% 4% 23% 7% 19% -185% -43%
-472 855 1,012 -1,158 92 801 -856 -28 837
-1,301 730 866 -1,003 1,226 1,818 -84 -6,287 -445
FY 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 FY 2010 Q1 2011 Q2 2011 Q3 2011
3,943 967 1,159 1,421 1,699 5,245 1,473 1,615 1,388
1,920 452 577 703 1,003 2,735 867 896 709
49% 47% 50% 49% 59% 52% 59% 55% 51%
1,446 264 374 447 769 1,853 630 663 469
37% 27% 32% 31% 45% 35% 43% 41% 34%
7,828 3,057 2,854 3,393 4,369 13,673 4,390 4,872 4,577
7,023 2,441 2,474 2,688 3,856 11,459 3,977 4,333 4,016
7,753 2,883 2,640 3,693 4,392 13,608 3,958 4,807 4,418
2,187 275 586 472 558 1,891 390 403 455
FY 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 FY 2010 Q1 2011 Q2 2011 Q3 2011
5,879 1,500 1,577 1,650 2,077 6,804 1,846 1,190 663
1,065 22 100 113 573 808 286 -36 -257
18% 1% 6% 7% 28% 12% 16% -3% -39%
-557 -182 -86 -80 364 16 94 -4,865 -1,455
-9% -12% -5% -5% 18% 0% 5% -409% -219%
758 262 262 304 293 1,121 315 307 166
59 16 22 23 29 89 35 36 39
818 278 284 327 322 1,210 351 344 205
737 258 268 286 313 1,124 302 232 134
30 14 30 26 29 99 34 34 27
767 272 298 312 342 1,223 336 266 162
2 2011, 16.3% for Q1 2011, 16% for 2H 2010 and 15% for prior periods
or 2010 are restated to include only A-wafers
FY 2009 Q1 2010 Q2 2010 Q3 2010 Q4 2010 FY 2010 Q1 2011 Q2 2011 Q3 2011
1,881 627 1,058 1,826 2,112 5,624 1,645 1,458 1,364
-1,074 -100 -72 84 316 228 355 73 -51
-57% -16% -7% 5% 15% 4% 22% 5% -4%
-1,602 -244 -278 -132 66 -589 114 -1,958 -259
-85% -39% -26% -7% 3% -10% 7% -134% -19%
115 48 111 166 166 491 148 160 175
6 - 3 6 2 11 27 21 6
110 43 80 139 150 412 137 141 141
nt information consisting of REC Silicon, REC Wafer Norway and REC Solar (wafers, cells and modules in Singapore and cells and modules in Scandinavi
Singapore and cells and modules in Scandinavia).