Solar Past Earnings Performance
Past criteria checks 1/6
Solar's earnings have been declining at an average annual rate of -30.4%, while the Trade Distributors industry saw earnings growing at 0.6% annually. Revenues have been declining at an average rate of 0.3% per year. Solar's return on equity is 3%, and it has net margins of 0.5%.
Key information
-30.39%
Earnings growth rate
-30.45%
EPS growth rate
| Trade Distributors Industry Growth | 12.75% |
| Revenue growth rate | -0.32% |
| Return on equity | 2.98% |
| Net Margin | 0.48% |
| Next Earnings Update | 13 Aug 2026 |
Recent past performance updates
Analysis Article • May 18
Solar's (CPH:SOLAR B) Problems Go Beyond Weak Profit
The subdued market reaction suggests that Solar A/S' ( CPH:SOLAR B ) recent earnings didn't contain any surprises. We...Analysis Article • Nov 16
Solar's (CPH:SOLAR B) Soft Earnings Are Actually Better Than They Appear
Shareholders appeared unconcerned with Solar A/S' ( CPH:SOLAR B ) lackluster earnings report last week. We did some...Recent updates
Narrative Update • Jun 04
SOLAR B: Dividend Flexibility And Governance Changes Will Support Balanced Return Outlook
Analysts have kept the Solar price target steady at DKK 215 while adjusting underlying assumptions such as a higher discount rate, slightly different revenue growth and profit margin outlooks, and a lower future P/E to better align the valuation with their latest views. What's in the News At the annual general meeting on March 13, 2026, shareholders approved amendments to Solar A/S's articles of association.Analysis Article • May 18
Solar's (CPH:SOLAR B) Problems Go Beyond Weak Profit
The subdued market reaction suggests that Solar A/S' ( CPH:SOLAR B ) recent earnings didn't contain any surprises. We...Narrative Update • Apr 26
SOLAR B: Dividend Pause And Governance Update Will Support Balanced Return Potential
Analysts have maintained their DKK 215 price target for Solar, noting only modest adjustments to assumptions for discount rate, revenue growth, profit margin and future P/E that do not materially change their overall view. What's in the News Shareholders at the March 13, 2026 annual general meeting approved amendments to Solar A/S’s articles of association, updating the company’s formal governance framework (AGM).Narrative Update • Apr 11
SOLAR B: Dividend Pause And Steady Outlook Will Support Balanced Return Potential
Analysts have kept their DKK price target for the solar name steady at DKK 215, with only marginal tweaks to inputs such as discount rate, revenue growth, profit margin, and future P/E assumptions guiding this unchanged view. What's in the News Solar adopted a proposal for no dividend distribution for the financial year 2025 at the annual general meeting, confirming that shareholders will not receive an ordinary payout for that year (Key Developments).Narrative Update • Mar 28
SOLAR B: Dividend Flexibility And Steady Outlook Will Support Attractive Upside Potential
Analysts have kept the Solar price target steady at DKK 215, with only minor tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions that do not materially change their overall valuation view. What's in the News Solar shareholders approved amendments to the articles of association at the annual general meeting held on March 13, 2026, updating the company bylaws.Narrative Update • Mar 12
SOLAR B: Dividend Pause And Extraordinary Payout Flexibility Will Shape Balanced Outlook
Analysts have kept their DKK 215.0 price target on Solar unchanged. They cite only very small model tweaks to the discount rate, long term revenue growth, profit margin and future P/E assumptions that do not meaningfully alter their overall view.Narrative Update • Feb 25
SOLAR B: UBS Stake, Dividend Flexibility And Projects Will Shape Balanced Outlook
Analysts have kept their DKK 215.00 price target for Solar unchanged, citing only slight model adjustments in the discount rate, revenue growth, profit margin, and future P/E assumptions as the basis for maintaining their view. What's in the News The Board of Directors has recommended that no dividend be paid for the financial year 2025.Narrative Update • Feb 10
SOLAR B: Equity Raise And UBS Stake Will Shape Balanced 2026 Outlook
The analyst price target for Solar has shifted slightly to $215 from $220, with analysts pointing to updated assumptions for revenue growth, profit margins, and future P/E as key drivers behind the change. What's in the News Solar A/S issued earnings guidance for 2026 and projected 2025 revenue in a range of DKK 12,900 million to DKK 13,400 million, providing a reference point for the company’s near term topline expectations (company guidance).Narrative Update • Jan 21
SOLAR B: Equity Raise And UBS Stake Will Support Balanced 2026 Outlook
Analysts have reiterated their price target for the solar name at US$220.00, citing largely unchanged assumptions around fair value, revenue growth, profit margins and future P/E, with only a small adjustment to the discount rate to reflect updated risk conditions. What's in the News UBS Group AG acquired a 5.07% stake in Solar A/S B shares, with the transaction completed on December 3, 2025 (Key Developments).Narrative Update • Jan 07
SOLAR B: Equity Raise And UBS Stake Will Shape Balanced 2026 Outlook
Analysts have kept their fair value estimate for Solar steady at $220. They have slightly adjusted inputs such as the discount rate and future P/E assumptions, reflecting refined views on risk and earnings power rather than a shift in the overall price target.Narrative Update • Dec 19
SOLAR B: Equity Raise And UBS Stake Will Support Stronger 2025 Earnings
Analysts have modestly raised their price target on Solar by 0.0 dollars, reflecting slightly lower discount rate assumptions while leaving fair value and long term growth and margin forecasts effectively unchanged. What's in the News UBS Group AG acquired and completed the purchase of a 5.07% stake in Solar A/S on December 3, 2025 (M&A Transaction Closings).Narrative Update • Dec 05
SOLAR B Equity Raise And Guidance Refinement Will Support Stronger 2025 Earnings
Analysts have nudged their price target for Solar higher to reflect modestly stronger long term revenue growth and profitability expectations, though this is partially tempered by a slightly higher assumed discount rate and a lower future earnings multiple. What's in the News Solar A/S refined its 2025 earnings guidance and now expects revenue of approximately DKK 12,000 million, narrowing the previous range of DKK 11,750 million to DKK 12,250 million (Key Developments).Narrative Update • Nov 21
SOLAR B: Follow-On Equity Raise Will Drive Stronger 2025 Earnings
Analysts have reduced their price target for Solar from $245 to $220. They cite improved forecasts for revenue growth and profit margins, balanced by a lower future price-to-earnings ratio.Analysis Article • Nov 16
Solar's (CPH:SOLAR B) Soft Earnings Are Actually Better Than They Appear
Shareholders appeared unconcerned with Solar A/S' ( CPH:SOLAR B ) lackluster earnings report last week. We did some...Analysis Article • Nov 09
Earnings Release: Here's Why Analysts Cut Their Solar A/S (CPH:SOLAR B) Price Target To kr.240
Shareholders might have noticed that Solar A/S ( CPH:SOLAR B ) filed its quarterly result this time last week. The...Narrative Update • Aug 19
Unpredictable Recovery Will Impact Revenue Projections In 2025
The consensus analyst price target for Solar has been cut from DKK295.00 to DKK260.00, primarily due to weaker outlooks for both revenue growth and net profit margin. What's in the News Solar A/S lowered its 2025 revenue guidance to DKK 11,750–12,250 million (prior: DKK 12,300–12,800 million), reflecting expected organic growth of -4% to 0%.Analysis Article • Aug 16
Investors Give Solar A/S (CPH:SOLAR B) Shares A 26% Hiding
Solar A/S ( CPH:SOLAR B ) shareholders that were waiting for something to happen have been dealt a blow with a 26...Analysis Article • May 17
Investors Can Find Comfort In Solar's (CPH:SOLAR B) Earnings Quality
Solar A/S' ( CPH:SOLAR B ) recent soft profit numbers didn't appear to worry shareholders, as the stock price showed...Analysis Article • May 11
Solar A/S (CPH:SOLAR B) Stock Rockets 28% As Investors Are Less Pessimistic Than Expected
Solar A/S ( CPH:SOLAR B ) shareholders would be excited to see that the share price has had a great month, posting a...Analysis Article • Mar 15
Solar's (CPH:SOLAR B) Shareholders Will Receive A Smaller Dividend Than Last Year
Solar A/S ( CPH:SOLAR B ) is reducing its dividend from last year's comparable payment to DKK15.00 on the 19th of...Analysis Article • Feb 28
Solar (CPH:SOLAR B) Has Announced That Its Dividend Will Be Reduced To DKK15.00
Solar A/S' ( CPH:SOLAR B ) dividend is being reduced from last year's payment covering the same period to DKK15.00 on...Analysis Article • Feb 14
Solar (CPH:SOLAR B) Is Paying Out Less In Dividends Than Last Year
Solar A/S ( CPH:SOLAR B ) has announced that on 19th of March, it will be paying a dividend ofDKK15.00, which a...
New Narrative • Feb 13
Swedish Warehouse Completion Will Improve Operational Efficiencies By 2026
Investment in automation and digitalization is set to enhance operational efficiencies and boost EBITDA margins over time.Analysis Article • Nov 08
Solar's (CPH:SOLAR B) Shareholders Have More To Worry About Than Only Soft Earnings
Solar A/S' ( CPH:SOLAR B ) recent weak earnings report didn't cause a big stock movement. We think that investors are...Analysis Article • May 09
Solar's (CPH:SOLAR B) Soft Earnings Don't Show The Whole Picture
The market for Solar A/S' ( CPH:SOLAR B ) shares didn't move much after it posted weak earnings recently. We did some...Analysis Article • Feb 22
Solar (CPH:SOLAR B) Has Announced That Its Dividend Will Be Reduced To DKK30.00
Solar A/S ( CPH:SOLAR B ) is reducing its dividend from last year's comparable payment to DKK30.00 on the 20th of...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Solar makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 12,256 | 59 | 2,050 | 0 |
| 31 Dec 25 | 12,171 | 74 | 2,049 | 0 |
| 30 Sep 25 | 12,289 | 26 | 2,032 | 0 |
| 30 Jun 25 | 12,334 | 101 | 2,016 | 0 |
| 31 Mar 25 | 12,416 | 129 | 2,009 | 0 |
| 31 Dec 24 | 12,223 | 151 | 1,963 | 0 |
| 30 Sep 24 | 12,150 | 154 | 1,979 | 0 |
| 30 Jun 24 | 12,255 | 147 | 1,999 | 0 |
| 31 Mar 24 | 12,405 | 197 | 2,028 | 0 |
| 31 Dec 23 | 13,031 | 347 | 2,053 | 0 |
| 30 Sep 23 | 13,555 | 462 | 2,078 | 0 |
| 30 Jun 23 | 13,856 | 567 | 2,113 | 0 |
| 31 Mar 23 | 14,057 | 637 | 2,113 | 0 |
| 31 Dec 22 | 13,863 | 660 | 2,070 | 0 |
| 30 Sep 22 | 13,559 | 650 | 2,043 | 0 |
| 30 Jun 22 | 13,165 | 598 | 1,982 | 0 |
| 31 Mar 22 | 12,812 | 599 | 1,932 | 0 |
| 31 Dec 21 | 12,354 | 531 | 1,869 | 0 |
| 30 Sep 21 | 12,031 | 340 | 1,818 | 0 |
| 30 Jun 21 | 11,777 | 299 | 1,780 | 0 |
| 31 Mar 21 | 11,424 | 292 | 1,744 | 0 |
| 31 Dec 20 | 11,465 | 222 | 1,776 | 0 |
| 30 Sep 20 | 11,485 | 312 | 1,783 | 0 |
| 30 Jun 20 | 11,644 | 207 | 1,797 | 0 |
| 31 Mar 20 | 11,767 | 114 | 1,841 | 0 |
| 31 Dec 19 | 11,679 | 66 | 1,824 | 0 |
| 30 Sep 19 | 11,611 | 40 | 1,834 | 0 |
| 30 Jun 19 | 11,373 | 117 | 1,841 | 0 |
| 31 Mar 19 | 11,238 | 70 | 1,847 | 0 |
| 31 Dec 18 | 11,098 | 182 | 1,868 | 0 |
| 30 Sep 18 | 11,024 | 118 | 1,845 | 0 |
| 30 Jun 18 | 11,089 | 113 | 1,877 | 0 |
| 31 Mar 18 | 11,040 | 107 | 1,888 | 0 |
| 31 Dec 17 | 11,061 | 146 | 1,923 | 0 |
| 30 Sep 17 | 10,484 | 261 | 1,831 | 0 |
| 30 Jun 17 | 10,475 | 240 | 1,858 | 0 |
| 31 Mar 17 | 10,602 | 272 | 1,865 | 0 |
| 31 Dec 16 | 10,420 | 160 | 1,827 | 0 |
| 30 Sep 16 | 10,881 | 114 | 1,923 | 0 |
| 30 Jun 16 | 10,735 | 130 | 1,863 | 0 |
| 31 Mar 16 | 10,598 | 126 | 1,842 | 0 |
| 31 Dec 15 | 10,587 | 134 | 1,839 | 0 |
| 30 Sep 15 | 10,541 | -114 | 1,911 | 0 |
| 30 Jun 15 | 10,510 | -116 | 1,908 | 0 |
Quality Earnings: SOLAR B has high quality earnings.
Growing Profit Margin: SOLAR B's current net profit margins (0.5%) are lower than last year (1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SOLAR B's earnings have declined by 30.4% per year over the past 5 years.
Accelerating Growth: SOLAR B's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: SOLAR B had negative earnings growth (-54.3%) over the past year, making it difficult to compare to the Trade Distributors industry average (2.8%).
Return on Equity
High ROE: SOLAR B's Return on Equity (3%) is considered low.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/17 14:31 |
| End of Day Share Price | 2026/06/17 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Solar A/S is covered by 5 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Alexander Borreskov | Carnegie Investment Bank AB |
| Kristian Tornøe Johansen | Danske Bank |
| Alexander Borreskov | DNB Carnegie |