View Future GrowthSolar 과거 순이익 실적과거 기준 점검 1/6Solar의 수입은 연평균 -30.4%의 비율로 감소해 온 반면, Trade Distributors 산업은 수입이 연평균 1.1% 감소했습니다. 매출은 연평균 0.3%의 비율로 감소해 왔습니다. Solar의 자기자본이익률은 3%이고 순이익률은 0.5%입니다.핵심 정보-30.39%순이익 성장률-30.45%주당순이익(EPS) 성장률Trade Distributors 산업 성장률41.65%매출 성장률-0.32%자기자본이익률2.98%순이익률0.48%다음 순이익 업데이트13 Aug 2026최근 과거 실적 업데이트공고 • Nov 06+ 3 more updatesSolar A/S to Report Q2, 2026 Results on Aug 13, 2026Solar A/S announced that they will report Q2, 2026 results on Aug 13, 2026공고 • Dec 10Solar A/S to Report Fiscal Year 2024 Results on Feb 06, 2025Solar A/S announced that they will report fiscal year 2024 results on Feb 06, 2025공고 • Nov 01+ 2 more updatesSolar A/S to Report Q3, 2025 Results on Nov 05, 2025Solar A/S announced that they will report Q3, 2025 results on Nov 05, 2025Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr.2.86b (down 3.5% from 3Q 2023). Net income: kr.78.0m (up 9.9% from 3Q 2023). Profit margin: 2.7% (up from 2.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Trade Distributors industry in Europe.Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr.3.10b (down 4.6% from 2Q 2023). Net income: kr.27.0m (down 65% from 2Q 2023). Profit margin: 0.9% (down from 2.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.Reported Earnings • May 03First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr.3.03b (down 17% from 1Q 2023). Net loss: kr.5.00m (down 103% from profit in 1Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.모든 업데이트 보기Recent updatesBoard Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Chairman of the Board Michael Andersen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.공고 • Mar 13+ 2 more updatesSolar A/S Announces Extraordinary Dividend PaymentSolar A/S potentially distribute extraordinary dividend of up to DKK 50.00 per share in the period leading up to the next annual general meeting.공고 • Feb 18+ 1 more updateSolar A/S Recommends No Dividend for the Financial Year 2025Solar A/S announced the Board of Directors recommended to the Annual General Meeting that no dividend be paid for the financial year 2025. The Annual General Meeting will be held on 13 March 2026.공고 • Feb 07Solar A/S Provides Earnings Guidance for 2026Solar A/S provided earnings guidance for 2026. For 2025, the company now expect revenue of approximately DKK 12,900 million to DKK 13,400 million. 2026 revenue: Revenue is positively impacted by two key drivers: first, a Solar Polaris project, which includes deliveries to a major solar park and is expected to contribute a total of DKK 275 million. Second, the acquisition of Sonepar Norge last year adds an additional DKK 700 million in revenue.공고 • Dec 09UBS Group AG (SWX:UBSG) acquired 5.07% stake in Solar A/S (CPSE:SOLAR B).UBS Group AG (SWX:UBSG) acquired 5.07% stake in Solar A/S (CPSE:SOLAR B) on December 3, 2025. UBS Group AG (SWX:UBSG) completed the acquisition of 5.07% stake in Solar A/S (CPSE:SOLAR B) on December 3, 2025.공고 • Nov 12+ 1 more updateSolar A/S has completed a Follow-on Equity Offering in the amount of DKK 123.386 million.Solar A/S has completed a Follow-on Equity Offering in the amount of DKK 123.386 million. Security Name: B Shares Security Type: Common Stock Securities Offered: 646,000 Price\Range: DKK 191 Transaction Features: Subsequent Direct Listing공고 • Nov 07+ 1 more updateSolar A/S Refines Earnings Guidance for 2025Solar A/S refined earnings guidance for 2025. For 2025, the company now expect revenue of approximately DKK 12,000 million against previous guidance of DKK 11,750 million - DKK 12,250 million.공고 • Nov 06+ 3 more updatesSolar A/S to Report Q2, 2026 Results on Aug 13, 2026Solar A/S announced that they will report Q2, 2026 results on Aug 13, 2026공고 • Mar 14+ 1 more updateSolar A/S Approves Extraordinary DividendSolar A/S at its AGM, approved to distribute extraordinary dividend of up to DKK 50.00 per share in the period leading up to the next annual general meeting.공고 • Feb 20Solar A/S Proposes Extraordinary DividendSolar A/S at its Annual General Meeting will be held on 14 March 2025, The Board of Directors proposes that the company’s Board of Directors be authorised in the period up until the next Annual General Meeting to resolve to distribute extraordinary dividend of up to DKK 50.00 per share.공고 • Dec 10Solar A/S to Report Fiscal Year 2024 Results on Feb 06, 2025Solar A/S announced that they will report fiscal year 2024 results on Feb 06, 2025공고 • Nov 02Solar Revises Financial Guidance for the Year 2024Solar revised financial guidance for the year 2024. Due to a slower recovery than expected, revenue guidance has been revised downwards from DKK 12,500 million to DKK 12,300 million. 2024 guidance continues to be impacted by the unpredictable market outlook caused by macroeconomic uncertainties. However, the company expects the macroeconomic situation to recover towards the end of the year albeit at a slower pace than initially expected.공고 • Nov 01+ 2 more updatesSolar A/S to Report Q3, 2025 Results on Nov 05, 2025Solar A/S announced that they will report Q3, 2025 results on Nov 05, 2025Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr.2.86b (down 3.5% from 3Q 2023). Net income: kr.78.0m (up 9.9% from 3Q 2023). Profit margin: 2.7% (up from 2.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Trade Distributors industry in Europe.공고 • Nov 01Solar A/S, Annual General Meeting, Mar 14, 2025Solar A/S, Annual General Meeting, Mar 14, 2025.Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr.3.10b (down 4.6% from 2Q 2023). Net income: kr.27.0m (down 65% from 2Q 2023). Profit margin: 0.9% (down from 2.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.공고 • Aug 09Solar A/S Reconfirms Earnings Guidance for the Year 2024Solar A/S reconfirmed earnings guidance for the year 2024. For the year, the company confirms revenue guidance of DKK 12,500 million.공고 • May 03Solar A/S Provides Earnings Guidance for the Year 2024Solar A/S provided earnings guidance for the year 2024. For the year, the company confirm revenue guidance of DKK 12,500 million.Reported Earnings • May 03First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr.3.03b (down 17% from 1Q 2023). Net loss: kr.5.00m (down 103% from profit in 1Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.공고 • Mar 15+ 1 more updateSolar A/S Approves Dividend DistributionSolar A/S at its AGM held on March 15, 2024, approved annual report with dividend distribution of DKK 30.00 for each share of DKK 100.Recent Insider Transactions • Mar 13Independent Chairman of the Board recently bought €67k worth of stockOn the 11th of March, Michael Andersen bought around 1k shares on-market at roughly €47.74 per share. This transaction increased Michael's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months.Upcoming Dividend • Mar 11Upcoming dividend of kr.30.00 per shareEligible shareholders must have bought the stock before 18 March 2024. Payment date: 20 March 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 8.4%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%).New Risk • Mar 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 23% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.7% net profit margin).Declared Dividend • Feb 19Dividend of kr.30.00 announcedShareholders will receive a dividend of kr.30.00. Ex-date: 18th March 2024 Payment date: 20th March 2024 Dividend yield will be 59%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover.공고 • Feb 09Solar A/S Proposes DividendSolar A/S announced that at the Annual General Meeting, the Board of Directors will propose dividend distribution of DKK 30.00 per share, corresponding to a payout ratio of 63%.New Risk • Feb 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 4.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.7% net profit margin).Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €48.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 15% over the past three years.공고 • Feb 03Solar A/S Provides Earnings Guidance for the Year 2024Solar A/S provided earnings guidance for the year 2024. For the year, the company expects revenue of DKK 12.5 billion.New Risk • Nov 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 24% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공고 • Nov 04+ 3 more updatesSolar A/S, Annual General Meeting, Mar 15, 2024Solar A/S, Annual General Meeting, Mar 15, 2024.Reported Earnings • Nov 03Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr.2.97b (down 9.2% from 3Q 2022). Net income: kr.71.0m (down 60% from 3Q 2022). Profit margin: 2.4% (down from 5.4% in 3Q 2022). The decrease in margin was driven by lower revenue.New Risk • Aug 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 25% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 25% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.공고 • Aug 12Solar A/S Provides Revenue Guidance for 2023Solar A/S provided revenue guidance for 2023. The company expects revenue of DKK 13.5 billion.Reported Earnings • Aug 11Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr.3.25b (down 5.8% from 2Q 2022). Net income: kr.77.0m (down 48% from 2Q 2022). Profit margin: 2.4% (down from 4.3% in 2Q 2022). The decrease in margin was driven by lower revenue.Reported Earnings • May 03First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr.3.66b (up 5.6% from 1Q 2022). Net income: kr.145.0m (down 14% from 1Q 2022). Profit margin: 4.0% (down from 4.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 13Upcoming dividend of kr.45.00 per share at 7.6% yieldEligible shareholders must have bought the stock before 20 March 2023. Payment date: 22 March 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.2%).Reported Earnings • Feb 10Full year 2022 earnings releasedFull year 2022 results: Revenue: kr.13.9b (up 12% from FY 2021). Net income: kr.660.0m (up 24% from FY 2021). Profit margin: 4.8% (up from 4.3% in FY 2021). The increase in margin was driven by higher revenue.공고 • Feb 09+ 1 more updateSolar A/S Provides Earnings Guidance for the Year 2023Solar A/S provided earnings guidance for the year 2023. For the year, the company expects revenue of approximately DKK 13,700 million equal to an organic growth of approximately 0%.Board Change • Nov 16Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Sophie Knauer is the most experienced director on the board, commencing their role in 2017. Independent Director Morten Chrone was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Nov 04Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr.3.27b (up 14% from 3Q 2021). Net income: kr.176.0m (up 42% from 3Q 2021). Profit margin: 5.4% (up from 4.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Trade Distributors industry in Europe.공고 • Nov 04+ 5 more updatesSolar A/S to Report Q3, 2023 Results on Nov 02, 2023Solar A/S announced that they will report Q3, 2023 results on Nov 02, 2023Reported Earnings • Aug 12Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr.3.45b (up 11% from 2Q 2021). Net income: kr.147.0m (flat on 2Q 2021). Profit margin: 4.3% (down from 4.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.9%, compared to a 8.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.공고 • Aug 10Solar A/S Provides Revenue Guidance for the Full Year 2022Solar A/S provided revenue guidance for the full year 2022. For the period, The company expects revenue at DKK 13.45 billion, corresponding to an organic growth of approx. 9%.Reported Earnings • May 06First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: kr.3.46b (up 15% from 1Q 2021). Net income: kr.168.0m (up 68% from 1Q 2021). Profit margin: 4.9% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.5%, compared to a 9.8% growth forecast for the industry in Germany.공고 • May 05Solar A/S Announces Extraordinary DividendThe Board of Directors of Solar has assessed the company’s capital structure and decided to use the authority granted by the latest annual general meeting to distribute an extraordinary dividend. An extraordinary dividend of DKK 45.00 per share of DKK 100, totaling DKK 329 million, will be distributed. This was made possible because of the upwards revised EBITDA guidance for 2022. The distribution of dividend will take place on 17 May 2022 to shareholders, who have recorded their shares in their portfolio as at 16 May 2022. 11 May 2022 will be the last trading day with right to extraordinary dividend for shares, which are traded at normal value (T+2).Board Change • Apr 27Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Sophie Knauer is the most experienced director on the board, commencing their role in 2017. Independent Director Morten Chrone was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to €114, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Trade Distributors industry in Europe. Total returns to shareholders of 237% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €177 per share.공고 • Apr 21Solar A/S Revises Earnings Guidance for 2022Solar A/S revised earnings guidance for 2022. Moreover, the company is increasing revenue guidance by DKK 500 million to DKK 13,250 million compared to previous guidance of DKK 12,750 million as presented in announcement no. 2 2022.Upcoming Dividend • Mar 14Upcoming dividend of kr.45.00 per shareEligible shareholders must have bought the stock before 21 March 2022. Payment date: 23 March 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.7%).Board Change • Mar 08Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Chairman Jens Borum is the most experienced director on the board, commencing their role in 1982. Independent Director Morten Chrone was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.Reported Earnings • Feb 12Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: kr.12.4b (up 7.8% from FY 2020). Net income: kr.531.0m (up 139% from FY 2020). Profit margin: 4.3% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.6%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.공고 • Feb 10+ 2 more updatesSolar A/S Provides Financial Guidance for the Year 2022Solar A/S provided financial guidance for the year 2022. The company expects revenue of approx. DKK 12,750 million equal to an organic growth of approx. 3%.공고 • Feb 08Solar A/S Announces Retirement of Jens Borum as Chairman of the Board of Directors At the Annual General Meeting in March 2022Solar A/S announced retirement of Jens Borum as Chairman of the Board of Directors at the Annual General Meeting in March 2022.Reported Earnings • Nov 05Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.2.87b (up 9.7% from 3Q 2020). Net income: kr.124.0m (up 49% from 3Q 2020). Profit margin: 4.3% (up from 3.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.Reported Earnings • Aug 13Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: kr.3.10b (up 13% from 2Q 2020). Net income: kr.148.0m (up 5.0% from 2Q 2020). Profit margin: 4.8% (down from 5.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.Reported Earnings • May 07First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr.3.00b (down 1.3% from 1Q 2020). Net income: kr.100.0m (up 233% from 1Q 2020). Profit margin: 3.3% (up from 1.0% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.공고 • May 06+ 1 more updateSolar Announces Extraordinary Dividend, Payable on May 17, 2021The board of directors of Solar has assessed the company’s capital structure and decided to use the authority granted by the latest annual general meeting to distribute an extraordinary dividend. An extraordinary dividend of DKK 15.00 per share of DKK 100, totaling DKK 110 million will be distributed. This was made possible partly because of the upwards revised EBITDA guidance for 2021 and partly as a result of the divestment of BIMobject in October 2020. The distribution of dividend will take place on 17 May 2021.공고 • Apr 24Solar A/S Updates Earnings Guidance for the Year 2021Solar A/S updated earnings guidance for the year 2021. For the year, the company increasing revenue guidance by DKK 200 million to DKK 11,750 million compared to previous guidance of DKK 11,550 million as presented in announcement no. 2 annual report 2020 from 11 February 2021.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr.75.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Trade Distributors industry in Europe. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €126 per share.공고 • Mar 21+ 1 more updateSolar A/S Approves the Dividend Distribution for the Year 2020Solar A/S announced that at the annual general meeting, resolution to allocate profits in accordance with the approved annual report with dividends distribution for the year 2020 of DKK 28.00 per share of DKK 100.Upcoming Dividend • Mar 15Upcoming Dividend of kr.28.00 Per ShareWill be paid on the 24th of March to those who are registered shareholders by the 22nd of March. The trailing yield of 5.6% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (1.5%).Reported Earnings • Feb 12Full year 2020 earnings releasedThe company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr.11.5b (down 1.8% from FY 2019). Net income: kr.222.0m (up 236% from FY 2019). Profit margin: 1.9% (up from 0.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 1.6%, compared to a 4.7% growth forecast for the Trade Distributors industry in Germany.Is New 90 Day High Low • Feb 12New 90-day high: €60.50The company is up 34% from its price of €45.00 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.48 per share.Is New 90 Day High Low • Dec 29New 90-day high: €46.90The company is up 17% from its price of €40.10 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.73 per share.Is New 90 Day High Low • Nov 19New 90-day high: €46.60The company is up 11% from its price of €42.00 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €49.98 per share.Analyst Estimate Surprise Post Earnings • Nov 05Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the Trade Distributors industry in Germany.공고 • Nov 04+ 4 more updatesSolar A/S to Report Q3, 2021 Results on Nov 04, 2021Solar A/S announced that they will report Q3, 2021 results on Nov 04, 2021Is New 90 Day High Low • Oct 23New 90-day high: €43.65The company is up 24% from its price of €35.20 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €85.02 per share.공고 • Oct 10An unknown buyer acquired an unknown minority stake in BIMobject AB (OM:BIM) from Solar A/S (CPSE:SOLAR B) for approximately SEK 330 million.An unknown buyer acquired an unknown minority stake in BIMobject AB (OM:BIM) from Solar A/S (CPSE:SOLAR B) for approximately SEK 330 million on October 8, 2020. An unknown buyer completed the acquisition of an unknown minority stake in BIMobject AB (OM:BIM) from Solar A/S (CPSE:SOLAR B) on October 8, 2020.매출 및 비용 세부 내역Solar가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이DB:ZVR 매출, 비용 및 순이익 (DKK Millions)날짜매출순이익일반관리비연구개발비31 Mar 2612,256592,050031 Dec 2512,171742,049030 Sep 2512,289262,032030 Jun 2512,3341012,016031 Mar 2512,4161292,009031 Dec 2412,2231511,963030 Sep 2412,1501541,979030 Jun 2412,2551471,999031 Mar 2412,4051972,028031 Dec 2313,0313472,053030 Sep 2313,5554622,078030 Jun 2313,8565672,113031 Mar 2314,0576372,113031 Dec 2213,8636602,070030 Sep 2213,5596502,043030 Jun 2213,1655981,982031 Mar 2212,8125991,932031 Dec 2112,3545311,869030 Sep 2112,0313401,818030 Jun 2111,7772991,780031 Mar 2111,4242921,744031 Dec 2011,4652221,776030 Sep 2011,4853121,783030 Jun 2011,6442071,797031 Mar 2011,7671141,841031 Dec 1911,679661,824030 Sep 1911,611401,834030 Jun 1911,3731171,841031 Mar 1911,238701,847031 Dec 1811,0981821,868030 Sep 1811,0241181,845030 Jun 1811,0891131,877031 Mar 1811,0401071,888031 Dec 1711,0611461,923030 Sep 1710,4842611,831030 Jun 1710,4752401,858031 Mar 1710,6022721,865031 Dec 1610,4201601,827030 Sep 1610,8811141,923030 Jun 1610,7351301,863031 Mar 1610,5981261,842031 Dec 1510,5871341,839030 Sep 1510,541-1141,9110양질의 수익: ZVR는 고품질 수익을 보유하고 있습니다.이익 마진 증가: ZVR의 현재 순 이익률 (0.5%)은 지난해 (1%)보다 낮습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: ZVR의 수익은 지난 5년 동안 연평균 30.4% 감소했습니다.성장 가속화: ZVR은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.수익 대 산업: ZVR은 지난 1년 동안 수익이 감소(-54.3%)하여 Trade Distributors 업계 평균(9.2%)과 비교하기 어렵습니다.자기자본이익률높은 ROE: ZVR의 자본 수익률(3%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YCapital-goods 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/08/04 08:29종가2026/08/03 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Solar A/S는 5명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Alexander BorreskovCarnegie Investment Bank ABKristian Tornøe JohansenDanske BankAlexander BorreskovDNB Carnegie2명의 분석가 더 보기
공고 • Nov 06+ 3 more updatesSolar A/S to Report Q2, 2026 Results on Aug 13, 2026Solar A/S announced that they will report Q2, 2026 results on Aug 13, 2026
공고 • Dec 10Solar A/S to Report Fiscal Year 2024 Results on Feb 06, 2025Solar A/S announced that they will report fiscal year 2024 results on Feb 06, 2025
공고 • Nov 01+ 2 more updatesSolar A/S to Report Q3, 2025 Results on Nov 05, 2025Solar A/S announced that they will report Q3, 2025 results on Nov 05, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr.2.86b (down 3.5% from 3Q 2023). Net income: kr.78.0m (up 9.9% from 3Q 2023). Profit margin: 2.7% (up from 2.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Trade Distributors industry in Europe.
Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr.3.10b (down 4.6% from 2Q 2023). Net income: kr.27.0m (down 65% from 2Q 2023). Profit margin: 0.9% (down from 2.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
Reported Earnings • May 03First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr.3.03b (down 17% from 1Q 2023). Net loss: kr.5.00m (down 103% from profit in 1Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Chairman of the Board Michael Andersen was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
공고 • Mar 13+ 2 more updatesSolar A/S Announces Extraordinary Dividend PaymentSolar A/S potentially distribute extraordinary dividend of up to DKK 50.00 per share in the period leading up to the next annual general meeting.
공고 • Feb 18+ 1 more updateSolar A/S Recommends No Dividend for the Financial Year 2025Solar A/S announced the Board of Directors recommended to the Annual General Meeting that no dividend be paid for the financial year 2025. The Annual General Meeting will be held on 13 March 2026.
공고 • Feb 07Solar A/S Provides Earnings Guidance for 2026Solar A/S provided earnings guidance for 2026. For 2025, the company now expect revenue of approximately DKK 12,900 million to DKK 13,400 million. 2026 revenue: Revenue is positively impacted by two key drivers: first, a Solar Polaris project, which includes deliveries to a major solar park and is expected to contribute a total of DKK 275 million. Second, the acquisition of Sonepar Norge last year adds an additional DKK 700 million in revenue.
공고 • Dec 09UBS Group AG (SWX:UBSG) acquired 5.07% stake in Solar A/S (CPSE:SOLAR B).UBS Group AG (SWX:UBSG) acquired 5.07% stake in Solar A/S (CPSE:SOLAR B) on December 3, 2025. UBS Group AG (SWX:UBSG) completed the acquisition of 5.07% stake in Solar A/S (CPSE:SOLAR B) on December 3, 2025.
공고 • Nov 12+ 1 more updateSolar A/S has completed a Follow-on Equity Offering in the amount of DKK 123.386 million.Solar A/S has completed a Follow-on Equity Offering in the amount of DKK 123.386 million. Security Name: B Shares Security Type: Common Stock Securities Offered: 646,000 Price\Range: DKK 191 Transaction Features: Subsequent Direct Listing
공고 • Nov 07+ 1 more updateSolar A/S Refines Earnings Guidance for 2025Solar A/S refined earnings guidance for 2025. For 2025, the company now expect revenue of approximately DKK 12,000 million against previous guidance of DKK 11,750 million - DKK 12,250 million.
공고 • Nov 06+ 3 more updatesSolar A/S to Report Q2, 2026 Results on Aug 13, 2026Solar A/S announced that they will report Q2, 2026 results on Aug 13, 2026
공고 • Mar 14+ 1 more updateSolar A/S Approves Extraordinary DividendSolar A/S at its AGM, approved to distribute extraordinary dividend of up to DKK 50.00 per share in the period leading up to the next annual general meeting.
공고 • Feb 20Solar A/S Proposes Extraordinary DividendSolar A/S at its Annual General Meeting will be held on 14 March 2025, The Board of Directors proposes that the company’s Board of Directors be authorised in the period up until the next Annual General Meeting to resolve to distribute extraordinary dividend of up to DKK 50.00 per share.
공고 • Dec 10Solar A/S to Report Fiscal Year 2024 Results on Feb 06, 2025Solar A/S announced that they will report fiscal year 2024 results on Feb 06, 2025
공고 • Nov 02Solar Revises Financial Guidance for the Year 2024Solar revised financial guidance for the year 2024. Due to a slower recovery than expected, revenue guidance has been revised downwards from DKK 12,500 million to DKK 12,300 million. 2024 guidance continues to be impacted by the unpredictable market outlook caused by macroeconomic uncertainties. However, the company expects the macroeconomic situation to recover towards the end of the year albeit at a slower pace than initially expected.
공고 • Nov 01+ 2 more updatesSolar A/S to Report Q3, 2025 Results on Nov 05, 2025Solar A/S announced that they will report Q3, 2025 results on Nov 05, 2025
Reported Earnings • Nov 01Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: kr.2.86b (down 3.5% from 3Q 2023). Net income: kr.78.0m (up 9.9% from 3Q 2023). Profit margin: 2.7% (up from 2.4% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 2 years compared to a 4.1% growth forecast for the Trade Distributors industry in Europe.
공고 • Nov 01Solar A/S, Annual General Meeting, Mar 14, 2025Solar A/S, Annual General Meeting, Mar 14, 2025.
Reported Earnings • Aug 09Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: kr.3.10b (down 4.6% from 2Q 2023). Net income: kr.27.0m (down 65% from 2Q 2023). Profit margin: 0.9% (down from 2.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.0% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
공고 • Aug 09Solar A/S Reconfirms Earnings Guidance for the Year 2024Solar A/S reconfirmed earnings guidance for the year 2024. For the year, the company confirms revenue guidance of DKK 12,500 million.
공고 • May 03Solar A/S Provides Earnings Guidance for the Year 2024Solar A/S provided earnings guidance for the year 2024. For the year, the company confirm revenue guidance of DKK 12,500 million.
Reported Earnings • May 03First quarter 2024 earnings releasedFirst quarter 2024 results: Revenue: kr.3.03b (down 17% from 1Q 2023). Net loss: kr.5.00m (down 103% from profit in 1Q 2023). Revenue is forecast to stay flat during the next 2 years compared to a 3.1% growth forecast for the Trade Distributors industry in Europe. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings.
공고 • Mar 15+ 1 more updateSolar A/S Approves Dividend DistributionSolar A/S at its AGM held on March 15, 2024, approved annual report with dividend distribution of DKK 30.00 for each share of DKK 100.
Recent Insider Transactions • Mar 13Independent Chairman of the Board recently bought €67k worth of stockOn the 11th of March, Michael Andersen bought around 1k shares on-market at roughly €47.74 per share. This transaction increased Michael's direct individual holding by 2x at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Michael's only on-market trade for the last 12 months.
Upcoming Dividend • Mar 11Upcoming dividend of kr.30.00 per shareEligible shareholders must have bought the stock before 18 March 2024. Payment date: 20 March 2024. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 8.4%. Within top quartile of German dividend payers (5.0%). Higher than average of industry peers (2.7%).
New Risk • Mar 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 23% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 23% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.7% net profit margin).
Declared Dividend • Feb 19Dividend of kr.30.00 announcedShareholders will receive a dividend of kr.30.00. Ex-date: 18th March 2024 Payment date: 20th March 2024 Dividend yield will be 59%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (63% earnings payout ratio) and cash flows (38% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 28% over the next 2 years, which should provide support to the dividend and adequate earnings cover.
공고 • Feb 09Solar A/S Proposes DividendSolar A/S announced that at the Annual General Meeting, the Board of Directors will propose dividend distribution of DKK 30.00 per share, corresponding to a payout ratio of 63%.
New Risk • Feb 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 4.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.7% net profit margin).
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to €48.85, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 16x in the Trade Distributors industry in Europe. Total returns to shareholders of 15% over the past three years.
공고 • Feb 03Solar A/S Provides Earnings Guidance for the Year 2024Solar A/S provided earnings guidance for the year 2024. For the year, the company expects revenue of DKK 12.5 billion.
New Risk • Nov 06New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 24% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 24% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공고 • Nov 04+ 3 more updatesSolar A/S, Annual General Meeting, Mar 15, 2024Solar A/S, Annual General Meeting, Mar 15, 2024.
Reported Earnings • Nov 03Third quarter 2023 earnings releasedThird quarter 2023 results: Revenue: kr.2.97b (down 9.2% from 3Q 2022). Net income: kr.71.0m (down 60% from 3Q 2022). Profit margin: 2.4% (down from 5.4% in 3Q 2022). The decrease in margin was driven by lower revenue.
New Risk • Aug 14New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 25% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 25% per year for the foreseeable future. High level of non-cash earnings (24% accrual ratio). Minor Risks High level of debt (49% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
공고 • Aug 12Solar A/S Provides Revenue Guidance for 2023Solar A/S provided revenue guidance for 2023. The company expects revenue of DKK 13.5 billion.
Reported Earnings • Aug 11Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: kr.3.25b (down 5.8% from 2Q 2022). Net income: kr.77.0m (down 48% from 2Q 2022). Profit margin: 2.4% (down from 4.3% in 2Q 2022). The decrease in margin was driven by lower revenue.
Reported Earnings • May 03First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: kr.3.66b (up 5.6% from 1Q 2022). Net income: kr.145.0m (down 14% from 1Q 2022). Profit margin: 4.0% (down from 4.9% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 13Upcoming dividend of kr.45.00 per share at 7.6% yieldEligible shareholders must have bought the stock before 20 March 2023. Payment date: 22 March 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 7.6%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (2.2%).
Reported Earnings • Feb 10Full year 2022 earnings releasedFull year 2022 results: Revenue: kr.13.9b (up 12% from FY 2021). Net income: kr.660.0m (up 24% from FY 2021). Profit margin: 4.8% (up from 4.3% in FY 2021). The increase in margin was driven by higher revenue.
공고 • Feb 09+ 1 more updateSolar A/S Provides Earnings Guidance for the Year 2023Solar A/S provided earnings guidance for the year 2023. For the year, the company expects revenue of approximately DKK 13,700 million equal to an organic growth of approximately 0%.
Board Change • Nov 16Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Sophie Knauer is the most experienced director on the board, commencing their role in 2017. Independent Director Morten Chrone was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Nov 04Third quarter 2022 earnings releasedThird quarter 2022 results: Revenue: kr.3.27b (up 14% from 3Q 2021). Net income: kr.176.0m (up 42% from 3Q 2021). Profit margin: 5.4% (up from 4.3% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 3.0% growth forecast for the Trade Distributors industry in Europe.
공고 • Nov 04+ 5 more updatesSolar A/S to Report Q3, 2023 Results on Nov 02, 2023Solar A/S announced that they will report Q3, 2023 results on Nov 02, 2023
Reported Earnings • Aug 12Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: kr.3.45b (up 11% from 2Q 2021). Net income: kr.147.0m (flat on 2Q 2021). Profit margin: 4.3% (down from 4.8% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 1.9%, compared to a 8.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth.
공고 • Aug 10Solar A/S Provides Revenue Guidance for the Full Year 2022Solar A/S provided revenue guidance for the full year 2022. For the period, The company expects revenue at DKK 13.45 billion, corresponding to an organic growth of approx. 9%.
Reported Earnings • May 06First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: kr.3.46b (up 15% from 1Q 2021). Net income: kr.168.0m (up 68% from 1Q 2021). Profit margin: 4.9% (up from 3.3% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 3.5%, compared to a 9.8% growth forecast for the industry in Germany.
공고 • May 05Solar A/S Announces Extraordinary DividendThe Board of Directors of Solar has assessed the company’s capital structure and decided to use the authority granted by the latest annual general meeting to distribute an extraordinary dividend. An extraordinary dividend of DKK 45.00 per share of DKK 100, totaling DKK 329 million, will be distributed. This was made possible because of the upwards revised EBITDA guidance for 2022. The distribution of dividend will take place on 17 May 2022 to shareholders, who have recorded their shares in their portfolio as at 16 May 2022. 11 May 2022 will be the last trading day with right to extraordinary dividend for shares, which are traded at normal value (T+2).
Board Change • Apr 27Less than half of directors are independentThere are 8 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Independent Director Sophie Knauer is the most experienced director on the board, commencing their role in 2017. Independent Director Morten Chrone was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Valuation Update With 7 Day Price Move • Apr 22Investor sentiment improved over the past weekAfter last week's 17% share price gain to €114, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 15x in the Trade Distributors industry in Europe. Total returns to shareholders of 237% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €177 per share.
공고 • Apr 21Solar A/S Revises Earnings Guidance for 2022Solar A/S revised earnings guidance for 2022. Moreover, the company is increasing revenue guidance by DKK 500 million to DKK 13,250 million compared to previous guidance of DKK 12,750 million as presented in announcement no. 2 2022.
Upcoming Dividend • Mar 14Upcoming dividend of kr.45.00 per shareEligible shareholders must have bought the stock before 21 March 2022. Payment date: 23 March 2022. Payout ratio is a comfortable 62% and this is well supported by cash flows. Trailing yield: 6.0%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (2.7%).
Board Change • Mar 08Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 7 new directors. 4 experienced directors. 1 highly experienced director. 3 independent directors (6 non-independent directors). Chairman Jens Borum is the most experienced director on the board, commencing their role in 1982. Independent Director Morten Chrone was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors.
Reported Earnings • Feb 12Full year 2021 earnings: Revenues in line with analyst expectationsFull year 2021 results: Revenue: kr.12.4b (up 7.8% from FY 2020). Net income: kr.531.0m (up 139% from FY 2020). Profit margin: 4.3% (up from 1.9% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 2.6%, compared to a 8.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 35% per year, which means it is significantly lagging earnings growth.
공고 • Feb 10+ 2 more updatesSolar A/S Provides Financial Guidance for the Year 2022Solar A/S provided financial guidance for the year 2022. The company expects revenue of approx. DKK 12,750 million equal to an organic growth of approx. 3%.
공고 • Feb 08Solar A/S Announces Retirement of Jens Borum as Chairman of the Board of Directors At the Annual General Meeting in March 2022Solar A/S announced retirement of Jens Borum as Chairman of the Board of Directors at the Annual General Meeting in March 2022.
Reported Earnings • Nov 05Third quarter 2021 earnings releasedThe company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: kr.2.87b (up 9.7% from 3Q 2020). Net income: kr.124.0m (up 49% from 3Q 2020). Profit margin: 4.3% (up from 3.2% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Aug 13Second quarter 2021 earnings releasedThe company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: kr.3.10b (up 13% from 2Q 2020). Net income: kr.148.0m (up 5.0% from 2Q 2020). Profit margin: 4.8% (down from 5.1% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth.
Reported Earnings • May 07First quarter 2021 earnings releasedThe company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2021 results: Revenue: kr.3.00b (down 1.3% from 1Q 2020). Net income: kr.100.0m (up 233% from 1Q 2020). Profit margin: 3.3% (up from 1.0% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
공고 • May 06+ 1 more updateSolar Announces Extraordinary Dividend, Payable on May 17, 2021The board of directors of Solar has assessed the company’s capital structure and decided to use the authority granted by the latest annual general meeting to distribute an extraordinary dividend. An extraordinary dividend of DKK 15.00 per share of DKK 100, totaling DKK 110 million will be distributed. This was made possible partly because of the upwards revised EBITDA guidance for 2021 and partly as a result of the divestment of BIMobject in October 2020. The distribution of dividend will take place on 17 May 2021.
공고 • Apr 24Solar A/S Updates Earnings Guidance for the Year 2021Solar A/S updated earnings guidance for the year 2021. For the year, the company increasing revenue guidance by DKK 200 million to DKK 11,750 million compared to previous guidance of DKK 11,550 million as presented in announcement no. 2 annual report 2020 from 11 February 2021.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improved over the past weekAfter last week's 16% share price gain to kr.75.30, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 24x in the Trade Distributors industry in Europe. Total returns to shareholders of 66% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €126 per share.
공고 • Mar 21+ 1 more updateSolar A/S Approves the Dividend Distribution for the Year 2020Solar A/S announced that at the annual general meeting, resolution to allocate profits in accordance with the approved annual report with dividends distribution for the year 2020 of DKK 28.00 per share of DKK 100.
Upcoming Dividend • Mar 15Upcoming Dividend of kr.28.00 Per ShareWill be paid on the 24th of March to those who are registered shareholders by the 22nd of March. The trailing yield of 5.6% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (1.5%).
Reported Earnings • Feb 12Full year 2020 earnings releasedThe company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: kr.11.5b (down 1.8% from FY 2019). Net income: kr.222.0m (up 236% from FY 2019). Profit margin: 1.9% (up from 0.6% in FY 2019). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
Analyst Estimate Surprise Post Earnings • Feb 12Revenue beats expectationsRevenue exceeded analyst estimates by 1.1%. Over the next year, revenue is forecast to grow 1.6%, compared to a 4.7% growth forecast for the Trade Distributors industry in Germany.
Is New 90 Day High Low • Feb 12New 90-day high: €60.50The company is up 34% from its price of €45.00 on 13 November 2020. The German market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €62.48 per share.
Is New 90 Day High Low • Dec 29New 90-day high: €46.90The company is up 17% from its price of €40.10 on 30 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 19% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.73 per share.
Is New 90 Day High Low • Nov 19New 90-day high: €46.60The company is up 11% from its price of €42.00 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Trade Distributors industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €49.98 per share.
Analyst Estimate Surprise Post Earnings • Nov 05Revenue misses expectationsRevenue missed analyst estimates by 2.0%. Over the next year,revenue is forecast to stay flat, in line with the revenue forecast for the Trade Distributors industry in Germany.
공고 • Nov 04+ 4 more updatesSolar A/S to Report Q3, 2021 Results on Nov 04, 2021Solar A/S announced that they will report Q3, 2021 results on Nov 04, 2021
Is New 90 Day High Low • Oct 23New 90-day high: €43.65The company is up 24% from its price of €35.20 on 24 July 2020. The German market is down 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €85.02 per share.
공고 • Oct 10An unknown buyer acquired an unknown minority stake in BIMobject AB (OM:BIM) from Solar A/S (CPSE:SOLAR B) for approximately SEK 330 million.An unknown buyer acquired an unknown minority stake in BIMobject AB (OM:BIM) from Solar A/S (CPSE:SOLAR B) for approximately SEK 330 million on October 8, 2020. An unknown buyer completed the acquisition of an unknown minority stake in BIMobject AB (OM:BIM) from Solar A/S (CPSE:SOLAR B) on October 8, 2020.