REC Silicon
ISIN: NO0010112675 | Ticker: RECSI | LEI: 549300VPZURYDFG0AB60
Country: Norway
With nearly 40 years of experience and best-in-class proprietary technology, REC Silicon is a leading producer of Signature Silane® based materials supplied to high and leading-tech industries worldwide.
With two U.S.-based manufacturing facilities and sales support offices in the U.S. and Asia, REC Silicon is helping energy and technology providers worldwide to shape the future.
Our Signature Silane® based products are used in everyday quality of life technologies, emerging technologies, cutting edge power and memory devices, high-voltage transmission, as well as renewables.
REC Silicon’s strategy is to maintain its position as a low-cost leader and technological innovator in the silicon materials industry by continuing the development of silicon manufacturing processes that enhance efficiency without increasing environmental impact.
Headquartered in Fornebu, Norway, REC Silicon’s two U.S.-based plants have a capacity of more than 20,000 MT of high-purity polysilicon.
1996
Served areaWorldwide
HeadquartersPostboks 63, 1324 Lysaker – Norway
| Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 341,400,000.00 | 294,900,000.00 | 319,900,000.00 |
| Noncurrent Assets | N/A | 133,300,000.00 | 117,300,000.00 | 152,300,000.00 |
| Property Plant And Equipment | N/A | 95,400,000.00 | 83,100,000.00 | 120,900,000.00 |
| Land And Buildings | N/A | 35,600,000.00 | 33,300,000.00 | 31,100,000.00 |
| Construction In Progress | N/A | 6,100,000.00 | 12,500,000.00 | 62,400,000.00 |
| Other Property Plant And Equipment | N/A | 3,100,000.00 | 2,600,000.00 | 2,700,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 1,000,000.00 | 900,000.00 | 1,000,000.00 |
| Other Noncurrent Receivables | N/A | 1,100,000.00 | 0.00 | 100,000.00 |
| Current Assets | N/A | 208,200,000.00 | 177,600,000.00 | 167,500,000.00 |
| Inventories | N/A | 41,300,000.00 | 33,100,000.00 | 38,300,000.00 |
| Trade And Other Current Receivables | N/A | 27,500,000.00 | 29,600,000.00 | 23,200,000.00 |
| Cash and cash equivalents | 29,400,000.00 | 134,900,000.00 | 110,500,000.00 | 105,300,000.00 |
| Current Restricted Cash And Cash Equivalents | N/A | 4,500,000.00 | 4,400,000.00 | 800,000.00 |
| Equity And Liabilities | N/A | 341,400,000.00 | 294,900,000.00 | 319,900,000.00 |
| Equity | 800,000.00 | 59,000,000.00 | 33,300,000.00 | 60,400,000.00 |
| Liabilities | N/A | 282,500,000.00 | 261,600,000.00 | 259,500,000.00 |
| Noncurrent Liabilities | N/A | 222,900,000.00 | 218,200,000.00 | 99,100,000.00 |
| Other Longterm Provisions | N/A | 14,700,000.00 | 20,200,000.00 | 19,300,000.00 |
| Other Noncurrent Nonfinancial Liabilities | N/A | 1,600,000.00 | 1,600,000.00 | 1,300,000.00 |
| Noncurrent Recognised Liabilities Defined Benefit Plan | N/A | 18,900,000.00 | 13,400,000.00 | 8,600,000.00 |
| Longterm Borrowings | N/A | 118,000,000.00 | 115,200,000.00 | 4,200,000.00 |
| Current Liabilities | N/A | 59,600,000.00 | 43,500,000.00 | 160,300,000.00 |
| Trade And Other Current Payables | N/A | 26,100,000.00 | 29,400,000.00 | 46,500,000.00 |
| Current Advances | N/A | 0.00 | 200,000.00 | 100,000.00 |
| Current Derivative Financial Liabilities | N/A | 1,500,000.00 | 0.00 | 0.00 |
| Line item in (usd) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Revenue | 122,100,000.00 | 143,200,000.00 | 147,800,000.00 |
| Changes In Inventories Of Finished Goods And Work In Progress | 4,700,000.00 | 8,900,000.00 | 3,800,000.00 |
| Raw Materials And Consumables Used | 16,000,000.00 | 17,100,000.00 | 27,300,000.00 |
| Employee Benefits Expense | 39,400,000.00 | 41,700,000.00 | 44,100,000.00 |
| Depreciation Amortisation And Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 62,700,000.00 | 28,500,000.00 | 23,400,000.00 |
| Amortisation Expense | 100,000.00 | 0.00 | 0.00 |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 23,000,000.00 | 300,000.00 | 300,000.00 |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | 23,000,000.00 | 300,000.00 | 300,000.00 |
| Other Expense By Nature | 55,100,000.00 | 75,600,000.00 | 107,100,000.00 |
| Profit Loss From Operating Activities | -38,900,000.00 | -20,800,000.00 | -58,300,000.00 |
| Finance Income | 300,000.00 | 100,000.00 | 1,900,000.00 |
| Finance Costs | 35,200,000.00 | 23,600,000.00 | 20,900,000.00 |
| Profit Loss Before Tax | -69,300,000.00 | -43,500,000.00 | -87,000,000.00 |
| Income Tax Expense Continuing Operations | -22,600,000.00 | 0.00 | 0.00 |
| Profit Loss From Continuing Operations | -46,700,000.00 | -43,500,000.00 | -87,000,000.00 |
| Profit Loss From Discontinued Operations | 0.00 | 13,400,000.00 | 100,000.00 |
| Profit (loss) | -46,700,000.00 | -30,100,000.00 | -86,800,000.00 |
| Profit Loss Attributable To Owners Of Parent | -46,700,000.00 | -30,100,000.00 | -86,800,000.00 |
| Line item in (usd) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | -46,700,000.00 | -30,100,000.00 | -86,800,000.00 |
| Adjustments For Decrease Increase In Inventories | N/A | 6,400,000.00 | 7,900,000.00 | -5,200,000.00 |
| Adjustments For Unrealised Foreign Exchange Losses Gains | N/A | -1,100,000.00 | -700,000.00 | 10,200,000.00 |
| Interest Paid Classified As Operating Activities | N/A | 20,500,000.00 | 22,300,000.00 | 22,000,000.00 |
| Interest Received Classified As Operating Activities | N/A | 300,000.00 | 100,000.00 | 1,900,000.00 |
| Income Taxes Paid Refund Classified As Operating Activities | N/A | -2,800,000.00 | 0.00 | 0.00 |
| Other Inflows Outflows Of Cash Classified As Operating Activities | N/A | -300,000.00 | 0.00 | -300,000.00 |
| Cash Flows From Used In Operating Activities | N/A | -2,200,000.00 | -14,600,000.00 | -42,100,000.00 |
| Cash Flows From Used In Investing Activities | N/A | 100,000.00 | -6,800,000.00 | -54,800,000.00 |
| Proceeds From Issuing Shares | N/A | 105,900,000.00 | 0.00 | 109,500,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 8,300,000.00 | 0.00 | N/A |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 3,900,000.00 | 2,100,000.00 | 2,600,000.00 |
| Cash Flows From Used In Financing Activities | N/A | 107,500,000.00 | -3,000,000.00 | 98,800,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | 0.00 | 0.00 | -7,200,000.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | N/A | 105,500,000.00 | -24,400,000.00 | -5,200,000.00 |
| Cash and cash equivalents | 29,400,000.00 | 134,900,000.00 | 110,500,000.00 | 105,300,000.00 |
Please note that some sums might not add up.
NO0010112675
LEI549300VPZURYDFG0AB60
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