No. 9 2024 We reconfirm our EBITDA guidance of DKK 600m for 2024
08 Agosto 2024 - 7:58AM
UK Regulatory
No. 9 2024 We reconfirm our EBITDA guidance of DKK 600m for 2024
Q2 revenue and EBITDA are in line with expectations. We
reconfirm our EBITDA guidance of DKK 600m for 2024.
CEO Jens Andersen says:
“Recovery is now taking root in Denmark. In Q2, Solar
Danmark’s growth almost edged into positive territory, and we are
now seeing signs of recovery. We are confident that this positive
development will continue for the remainder of the year and in our
other markets.
We continue to initiate measures to mitigate the
impact of cost inflation and market slowdown.
Consequently, we reconfirm our EBITDA guidance of
DKK 600m for 2024.”
Q2 key financial messages
- Q2 EBITDA is on par with
expectations.
- Net working capital continued to
improve.
- 2024 EBITDA guidance of DKK 600m
reconfirmed.
|
Financial highlights (DKK million) |
Q2 2024 |
Q2 2023 |
H1 2024 |
H1 2023 |
|
Revenue |
3,100 |
3,250 |
6,130 |
6,906 |
|
EBITDA |
137 |
214 |
225 |
494 |
|
Cash flow from operating activities |
202 |
78 |
209 |
179 |
|
Financial ratios (%) |
|
|
|
|
|
Organic growth adj. for number of working days |
-7.8 |
-1.0 |
-11.2 |
2.8 |
|
EBITDA margin |
4.4 |
6.6 |
3.7 |
7.2 |
|
Net working capital, end of period/revenue (LTM) |
14.0 |
16.3 |
14.0 |
16.3 |
|
Gearing (NIBD/EBITDA), no. of times |
2.2 |
1.4 |
2.2 |
1.4 |
|
Return on invested capital (ROIC) |
6.6 |
20.5 |
6.6 |
20.5 |
Guidance
We reconfirm our revenue guidance of DKK 12,500m and EBITDA
guidance of DKK 600m.
General assumption
Our 2024 guidance is impacted by an unpredictable market outlook
due to macroeconomic uncertainties. However, we expect a recovery
in the macroeconomic situation towards the end of the year.
We have implemented, and will continue to implement, mitigating
measures, including cost containment, process improvements and the
necessary staff reductions.
Audio webcast and teleconference today
The presentation of Quarterly Report Q2 2024 will be made in
English on 8 August 2024 at 11:00 CET. The presentation will be
transmitted as an audio webcast and will be available at
www.solar.eu. Participation will be possible via
teleconference.
Access to the webcast:
https://edge.media-server.com/mmc/p/w3wfatmy
To participate by telephone, and thus have the
possibility to ask questions:
Register in advance of the teleconference using the link below.
Upon registering, each participant will be provided with a Dial In
Number, and a unique Personal PIN:
https://register.vevent.com/register/BI9ffb5ffe7561446db51ef69a2d2b0634
Contacts
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
Facts about Solar
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
approx. DKK 13.0bn in 2023 and has approx. 3,000 employees. Solar
is listed on Nasdaq Copenhagen and operates under the short
designation SOLAR B. For more information, please visit
www.solar.eu.
Disclaimer
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.
- No. 9 2024 Quarterly report Q2 2024
- Solar Q2 2024
- SOLA-2024-06-30-en
Grafico Azioni Solar B (TG:ZVR)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Solar B (TG:ZVR)
Storico
Da Dic 2023 a Dic 2024
