REC Silicon Logo

REC Silicon

ISIN: NO0010112675 | Ticker: RECSI | LEI: 549300VPZURYDFG0AB60
Sector: MaterialsSub-Industry: Specialty Chemicals
Country: Norway

About REC Silicon

Company Description

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.

Year founded

1996

Served area

Worldwide

Headquarters

Postboks 63, 1324 Lysaker – Norway

Financial statements

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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.

Filings & Publications

2022

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

2021

Report
Q1
H1
Q3
FY
Consolidated Report
ENG
Corporate Governance Report
Company Presentation
Sustainability Report
Remuneration Report

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Capital markets information

ISIN

NO0010112675

LEI

549300VPZURYDFG0AB60

Sector

Materials

Industry Group

Materials

Industry

Chemicals

Sub-Industry

Specialty Chemicals

Listed Stock Exchange

Oslo Børs

Stock Index

OBX

Main Stock Exchange

Contact Investor Relations department

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