No. 15 Solar presents its second guidance increase during 2021 with an EBITDA increase of DKK 100m

Based on preliminary reporting, Solar increases guidance for 2021 EBITDA to DKK 825m from DKK 725m.Moreover, we are increasing revenue guidance by DKK 350m to DKK 12,100m compared to our previous guidance of DKK 11,750m as presented in announcement no. 11. CEO Jens Andersen says: "Six months into our Core+ strategy, the result continues to exceed our expectations. We have achieved a continuous positive development of our concept share, which in combination with stronger growth...

Vejen, 09/07/2021 (informazione.news - comunicati stampa - scienza e tecnologia)

We now expect revenue at DKK 12,100m, corresponding to an organic growth of approx. 4%. 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. 6%.

We expect the strategic focuses to deliver continuous improvements in earnings, delivering an EBITDA of DKK 825m.

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 and plumbing, ventilation and climate and 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.

Attachment