Solar A/S Class B

Solar A/S Class B

192.00
DKK
+1.00
(+0.52%)
3.79EPS
43.64P/E
1.50BMarket Cap
Nov 03Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1,331.94
1,305.08
1,348.1
1,375.66
1,515.56
1,520.63
1,600.24
1,570.92
1,691.77
1,898.21
1,784.29
1,673.65
1,647.37
1,658.38
Basic EPS, GAAP
2.67
-29.79
21.26
16.5
2.6
18.22
8.77
30.42
72.72
90.37
47.51
20.68
10.02
4.32
Free Cash Flow per Basic Share
18.08
11.84
27.25
11.22
-19.59
37.82
20.96
100.02
79.7
-28.75
79.83
30.4
-18.41
-54.02
Dividend per Share
6.62
11.97
7
10.17
12.06
10
13.98
13.98
43
90.1
45.05
29.99
14.89
- -
Book Value per Share
272.17
220.48
234.43
230.6
218
224.44
218.13
232.38
267.28
264.41
264.54
250.3
245.31
238.77
Tangible Book Value per Share
205.46
177.33
191.79
165.52
159.49
172.1
174.97
210.87
245.51
240.72
216.89
198.13
163.41
151.59
Basic Weighted Avg Shares
8
8
8
8
7
7
7
7
7
7
7
7
7
8
Sales/Revenue/Turnover
10,463
10,252
10,587
10,420
11,061
11,098
11,679
11,465
12,354
13,863
13,031
12,223
12,171
12,678
Operating Margin (%)
1.88
1.08
2.59
2.59
2.32
2.3
2.59
3.58
5.6
6.76
4.58
2.8
1.36
0.91
Depreciation Expense
147
300
113
112
186
47
253
389
239
266
291
318
346
358
Net Income, GAAP
21
-234
167
125
19
133
64
222
531
660
347
151
74
33
Effective Tax Rate (%)
17.92
- -
33.33
28.25
17.05
23.21
45
26
14.63
23.08
25.64
22.92
11.9
- -
Profit Margin (%)
0.2
-2.28
1.58
1.2
0.17
1.2
0.55
1.94
4.3
4.76
2.66
1.24
0.61
0.26
Working Capital
1,095
1,063
1,173
661
626
665
339
855
972
1,076
997
852
623
142
LT Debt
574
501
430
194
423
409
387
388
323
567
754
709
954
632
Total Equity
2,138
1,732
1,831
1,683
1,591
1,638
1,592
1,696
1,952
1,931
1,982
1,874
1,996
1,939
Return on Invested Capital (%)
4.37
- -
7.01
8.13
4.43
9.75
3.92
10.32
22.97
23.35
11.66
5.77
3.62
- -
Return on Capital (%)
2.03
- -
8.27
6.81
2
7.19
3.56
10.27
23.96
24.62
12.59
6.77
4.36
- -
Return on Common Equity (%)
0.97
-12.09
9.37
7.11
1.16
8.24
3.96
13.5
29.11
33.99
17.97
8.03
3.92
1.83

Capital Structure

DKK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
804
1,107
1,763
LT Borrowings
664
661
359
LT Finance Leases
290
317
273
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
1,606
1,590
1,498

Working Capital

DKK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,810
4,327
4,547
Cash, Cash Equivalents & STI
133
113
78
Accounts Receivable, Net
1,714
2,101
2,243
Inventories
1,871
1,973
2,081
Total Current Liabilities
3,187
3,811
4,405
Payables & Accruals
- -
- -
- -
ST Debt
804
1,107
1,763
Deferred Revenue
- -
- -
- -

Growth Rates

DKK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1.08%
3.54%
6.51%
Free Cash Flow
-104.61%
-151.43%
-161.26%
Net Income, GAAP
69.36%
1.72%
-50.99%
Sales/Revenue/Turnover
1.56%
1.47%
-0.43%
Total Cash Common Dividend
- -
36.84%
-49.77%

Quarterly Revenue

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,030
3,100
2,860
3,233
12,223
2025
3,223
3,018
2,815
3,115
12,171
2026
3,308
3,440
- -
- -
- -

Quarterly Earnings Per Share

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.68
3.7
10.68
6.98
20.68
2025
-3.7
-0.14
0.41
13.44
10.02
2026
-5.28
-3.4
- -
- -
- -

Quarterly Dividends Per Share

DKK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
29.78
- -
- -
- -
29.99
2025
15.07
- -
- -
- -
14.89
2026
- -
- -
- -
- -
- -

Company Description

CEO
Jens Andersen
Full Time Employees
2,995
Sector
Industrial services
Industry
Engineering & construction
Address
Industrivej Vest 43 Vejen SD Denmark 6600
IPO Date
Jan 1, 1953
Website
solar.eu
Business
Solar A/S functions as a prominent European sourcing and services enterprise, specializing in a broad spectrum of solutions across electrical, heating, plumbing, ventilation, and advanced climate and energy sectors. The company primarily serves markets in Denmark, Sweden, Norway, and the Netherlands, alongside operations in the Faroe Islands, Belgium, Poland, and Austria through its subsidiaries. Its extensive product portfolio encompasses various electrical items, including lighting fixtures, installation supplies, switches, intelligent building system components, and cables. It also provides comprehensive communication and security systems like video surveillance, burglar and fire alarms, and access control solutions for both large infrastructure and home applications, alongside EV chargers and data security products. In the heating and plumbing domain, Solar A/S offers valves, solar heating units, boilers, radiators, water heaters, heat pumps, and a range of bathroom and kitchen fittings, as well as pipes crafted from steel, copper, and plastic for diverse requirements, supporting components, and drainage and insulation products. The company further supplies fans, air handling units, tools, and general office and canteen articles. Beyond product distribution, Solar A/S delivers essential services such as logistics, storage, inventory management, specialized handling, and equipment rental. It also employs digital platforms, including a webshop and mobile application for streamlined ordering, and offers proprietary solutions like Kitbox, a complete assembly package, and Via, a cloud-based service, alongside integrated supply chain management through units like MAG45. The company's offerings are structured to cater to distinct segments, including Installation, Industry, and Trade, reaching clients in sectors such as building, marine, offshore, telecommunications, food and beverage, panel manufacturing, wind energy, and machine construction. Through its "Solve" strategy, Solar A/S aims to deepen its role as a key sourcing and services partner, delivering solutions that actively promote the green transition and generate greater value earlier in the customer's decision-making journey. Founded in 1919 and headquartered in Vejen, Denmark, Solar A/S recorded revenues of DKK 12.2 billion in 2024 and currently employs around 2,900 individuals. Recent financial activities include the publication of its Q3 2025 report and the successful completion of an offering and directed issue of 646,000 new B-shares in November 2025, raising DKK 123,386,000. The company also acquired Sonepar Norge AS in October 2025 and reported a return to positive organic growth in Q1 2025, confirming its EBITDA guidance for the year despite market uncertainties. These strategic moves, coupled with internal operational optimizations and investments in logistics infrastructure, underscore its commitment to enhancing customer experience and efficiency.