No. 11 Solar increases 2021 EBITDA with DKK 75M

Based on preliminary reporting, Solar increases guidance for 2021 EBITDA to DKK 725m from DKK 650m.Moreover, we are increasing revenue guidance by DKK 200m to DKK 11,750m compared to our previous guidance of DKK 11,550m as presented in announcement no. 2 Annual Report 2020 from 11 February 2021.CEO Jens Andersen says:"The introduction of the CORE+ strategy has already had an effect on our product mix. Our concept share has continued its growth at a stronger pace than anticipated,...

Vejen, 22/04/2021 (informazione.news - comunicati stampa - scienza e tecnologia)

Based on preliminary reporting, Solar increases guidance for 2021 EBITDA to DKK 725m from DKK 650m.

Moreover, we are increasing revenue guidance by DKK 200m to DKK 11,750m compared to our previous guidance of DKK 11,550m as presented in announcement no. 2 Annual Report 2020 from 11 February 2021.

Due to the COVID-19 pandemic, our market outlook reflects increased risk. The updated guidance is based on several assumptions:

We now expect revenue at DKK 11,750m, corresponding to an organic growth of approx. 1%. 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. 3%.

DKK 600m of the expected revenue can be accounted for by related business.

We expect the strategic focuses to deliver continuous improvements in earnings, delivering an EBITDA of DKK 725m. Approx. DKK 15m of the expected EBITDA can be accounted for by related business.

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

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