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Revenues of USD 175.8 million, up 0.2 percent from Q1 2014
July 25, 2014
By: DAVID SAVASTANO
Editor, Ink World Magazine
REC Solar ASA announced its second quarter 2014 results. Revenues were USD 175.8 million, up 0.2% from Q1 2014, with EBITDA of USD 21.1 million, including USD 7.4 million in property tax re-imbursement. The company had a closing cash balance of USD 97.1 million. “REC’s second quarter of 2014 was characterized by high sales volumes in Europe, softer market conditions in Japan and sales pipeline building up in the U.S. market,” Martin Cooper, CEO of REC Solar ASA, said.The launch of our Peak En...
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