Solar A/S
CSE:SOLAR B

Watchlist Manager
Solar A/S Logo
Solar A/S
CSE:SOLAR B
Watchlist
Price: 192.4 DKK 0.42%
Market Cap: 1.4B DKK

Solar A/S
Investor Relations

Solar A/S engages in the provision of product sourcing and value-adding services to businesses. The Company’s sales are divided into industry segment and contractor segment. The firm offers, among others, lightning, boilers and radiators, water heaters, heat pumps, switches and socket outlets, detection and push buttons, fans and air handling units, solar heating units, fire alarm systems, contactors, and cables for building, marine and offshore, and telecommunications industries. The products are distributed through a network of centrally located branches, drive-ins supporting the central warehouses and through an online channel. Apart from this, it sells accessories for consumer electronics through Aurora Group A/S. Solar A/S operates a number of subsidiaries in Denmark, Faroe Islands, Sweden, Norway, the Netherlands, Belgium, Poland and Austria. The company operates, among others, through MAG45, an integrated supply company.

Show more
Loading
SOLAR B
OMX Copenhagen 25
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q4 2024
Call Date
Feb 6, 2025
AI Summary
Q4 2024

Revenue Miss: Revenue for 2024 declined to DKK 12.2 billion, falling short of expectations and down from DKK 13 billion in 2023.

EBITDA Above Guidance: EBITDA for 2024 landed at DKK 646 million, which was above guidance but still below last year's level.

Sluggish Recovery: Management noted that recovery across segments was slower and less robust than expected, with uncertainty continuing into 2025.

Lowered Guidance: 2025 revenue is expected in the DKK 12.3–12.8 billion range, and EBITDA is guided at DKK 530–600 million, both reflecting challenging market conditions.

Margin Pressure: Gross margin was under pressure due to market price competition and increased service investments, and further slight declines are expected in 2025.

Cost Control: Cost-saving initiatives helped offset some margin dilution, and salary inflation will remain a headwind in 2025.

Dividend Proposal: The Board will propose a dividend of DKK 15 per share.

Lowered Ambitions: Strategic ambitions for Climate & Energy and EBITDA margin for 2026 have been revised downward due to ongoing uncertainty.

Key Financials
Revenue
DKK 12.2 billion
Organic Growth (Q4)
3%
Adjusted Organic Growth (Q4, Group)
-6.4%
EBITDA
DKK 646 million
Underlying EBITDA
DKK 565 million
EBITDA (Q4)
DKK 219 million
Underlying EBITDA (Q4)
DKK 150 million
EBITDA Margin (Underlying, 2024)
4.6%
Dividend per Share
DKK 15
Climate & Energy Revenue
DKK 1.1 billion
Gross Margin (Underlying, Q4)
20.6%
Net Working Capital (Average, 2024)
15%
Net Working Capital (End Q4 2024)
13.9%
Gearing (End Q4 2024)
1.9x
Investments (New Swedish Warehouse, 2025)
DKK 300 million+
Other Earnings Calls

Management

Mr. Jens E. Andersen
CEO, MD of Denmark & Member of Executive Board
No Bio Available
Mr. Michael H. Jeppesen
CFO & Member of Executive Board
No Bio Available
Mr. Lars Goth
Senior Vice President of Group Operations
No Bio Available
Anders Solberg Odgaard
Senior VP & CIO
No Bio Available
Dennis Callesen
Director of Investor Relations
No Bio Available
Mr. Dariusz Targosz
Senior VP & MD of Poland
No Bio Available
Mr. Jan Willy Fjellvær
Senior VP & MD of Norway
No Bio Available
Mr. Anders Koppel
Senior VP & MD of Sweden
No Bio Available
Bauke Zeinstra
Senior VP & MD of MAG45
No Bio Available
Ole Sørensen
Senior Vice President of Industry Sales
No Bio Available

Contacts

Address
Vejen
Industrivej Vest 43
Contacts
+4579300000.0
www.solar.eu