REC says revenues were positively impacted by strong growth in sales across the group and stable selling prices. The EBIT more than tripled to NOK155m.
REC did not provide a detailed outlook for the full year, but said it “expects its asset utilisation to increase and operational performance to improve in the fourth quarter 2010.”
REC also expects a positive market in the last quarter of 2010 with average selling prices in line with those of Q3.
Revenues by segment:
(Please note the total is above total Q3 revenues as these were affected by eliminations within the group.)
- REC Silicon: NOK1421m, +52%
- REC Wafer: NOK2080m, +80%
- REC Solar: NOK1787m, +240%