Brief: Rec Silicon Silicon Gas Sales Volumes In Q1 Rise To 640 MT

Rec Silicon ASA

11/05/2023 06:11

May 11 (Reuters) - REC Silicon ASA  RECSI.OL :
    * FIRST QUARTER 2023 RESULTS
    * REPORTED EBITDA CONTRIBUTED BY SEMICONDUCTOR MATERIALS
SEGMENT
OF A LOSS OF USD 3.4 MILLION FOR Q1 COMPARED TO A LOSS OF USD
6.5 MILLION FOR Q4
    * IMPROVED EBITDA CONTRIBUTION IS DUE PRIMARILY TO AN
INCREASE IN
VOLUME OF SILICON GASES SOLD
    * SILICON GAS SALES VOLUMES FOR Q1 WERE 640 MT COMPARED TO
515 MT
DURING PRIOR QUARTER
    * TOTAL POLYSILICON SALES VOLUMES FOR Q1 WERE 183 MT
    * SEMICONDUCTOR MARKET IS STILL STRUGGLING WITH EXCESSIVE
INVENTORIES WHICH IS MUTING DEMAND FOR OUR SILICON GASES
    * RESTART ACTIVITIES FOR MOSES LAKE ARE PROGRESSING WELL AND
ARE
ON SCHEDULE

Source text for Eikon:  ID:nMFN6NhJyc 
Further company coverage:  RECSI.OL 

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