Aug 15, 2023 / 06:00AM GMT
William Kurtis Levens - REC Silicon ASA - President & CEO
Good morning, and welcome to the second quarter of 2023 earnings release of REC Silicon. My name is Kurt Levens, and I'm the CEO. I would like to -- before we get going, I'd like to remind everybody that if you have questions, please feel free to feed them in, and we will answer the questions at the end of the presentation.
In the second quarter, our revenues were up 26% versus the previous quarter, primarily driven by increased silicon gas sales and some higher semi grade polysilicon prices due to mix effects. This also resulted in a positive EBITDA contribution from our semiconductor segment, again, driven by the volumes as well as seasonal lower energy cost.
The semiconductor market during Q2 appeared to be stabilizing. And even though it's at a lower level, there's still a lot of visibility in terms of the orders flow. PV Poly itself remains weak and is also, to some degree, stabilizing.
We signed loan agreements totaling $140 million during the quarter for the purposes of repayment of the bond and Moses Lake
Q2 2023 REC Silicon ASA Earnings Call Transcript
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