No. 7 2022 Stronger growth than expected increases profitability and EBITDA guidance to DKK 975M

Solar delivered strong performance due to high growth combined with resilience in all market segments.Based on preliminary reporting, Solar increases its guidance for 2022 EBITDA to DKK 975m from DKK 850m.Moreover, we are increasing revenue guidance by DKK 500m to DKK 13,250m compared to our previous guidance of DKK 12,750m as presented in announcement no. 2 2022.CEO Jens Andersen says:"Q1 has been a continuation of the strong growth rates we saw last year in Q4 supported by...

Vejen, 21/04/2022 (informazione.news - comunicati stampa - scienza e tecnologia)

Solar delivered strong performance due to high growth combined with resilience in all market segments.

Based on preliminary reporting, Solar increases its guidance for 2022 EBITDA to DKK 975m from DKK 850m.

Moreover, we are increasing revenue guidance by DKK 500m to DKK 13,250m compared to our previous guidance of DKK 12,750m as presented in announcement no. 2 2022.

We now expect revenue at DKK 13,250m, corresponding to an organic growth of approx. 7%. 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 2021. Adjusted for this, we expect organic growth of approx. 9%.

Supported by increased demand we expect the strategic focus areas to deliver continuous improvements in earnings, resulting in an EBITDA of approx. DKK 975m, of which DKK 80m can be explained by one-off price effects.

The guidance for 2022 assumes that the Russian invasion of Ukraine and sanctions imposed by the European Union and other international bodies will not have any significant knock-on effects e.g. leading to significant drop in market activities.

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

Attachment