No 18 2021 Solar increases 2021 EBITDA to DKK 900M

Based on preliminary reporting, Solar increases its guidance for 2021 EBITDA to DKK 900m from DKK 825m. Moreover, we are increasing revenue guidance by DKK 200m to DKK 12.3bn compared to our previous guidance of DKK 12.1bn as presented in announcement no. 15. CEO Jens Andersen says: "Q3 has been a continuation of the strong growth rates we saw in Q2. Our Core+ strategy continues to exceed expectations by among other things increasing our Concept and Industry business - with...

Vejen, 15/10/2021 (informazione.news - comunicati stampa - scienza e tecnologia)

We now expect revenue at DKK 12.3bn, corresponding to an organic growth of approx. 6%. The Better Business project is an integral part of our strategic focuses in the Core+ strategy and is expected to reduce revenue by DKK 200m compared to 2020. Adjusted for this, we expect organic growth of approx. 8%.

Supported by increased demand we expect the strategic focus areas to deliver continuous improvements in earnings, resulting in an EBITDA of DKK 900m, of which DKK 100m can be explained by one-off price effects.

CEO Jens Andersen - tel. +45 79 30 02 01
CFO Michael H. Jeppesen - tel. +45 79 30 02 62
IR Director Dennis Callesen - tel. +45 29 92 18 11

Solar is a leading European sourcing and services company mainly within electrical, heating & plumbing and climate & energy solutions. Our core business centres on product sourcing, value-adding services and optimisation of our customers' businesses.

We facilitate efficiency improvement and provide digital tools that turn our customers into winners. We drive the green transition and provide best in class solutions to ensure sustainable use of resources.

Solar Group is headquartered in Denmark, generated revenue of more than DKK 11.5bn in 2020 and has approx. 2,900 employees. Solar is listed on Nasdaq Copenhagen and operates under the short designation SOLAR B. For more information, please visit www.solar.eu .

This announcement was published in Danish and English today via Nasdaq Copenhagen. In the event of any inconsistency between the two versions, the Danish version shall prevail.

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