Earnings before interest and taxes (EBIT) crashed to €14.7m ($20.8m), while revenues slipped 17% to €224.8m compared to the same period last year.
The company saw a net loss for the quarter of €391.9m when taking into account write-downs on losses it accrued in selling its shares in REC and Solaria during the quarter. Excluding the write-downs, Q-Cells posted a net income of €4.5m,