Solar delivered an EBITDA increase of 44% in Q1. In April, revenue and EBITDA guidance were revised upwards by
CEO
"2021 is off to a good start with revenue and EBITDA exceeding our expectations.
We have seen the first impact of the new Core+ strategy, which we introduced in February. In Q1, the gross profit margin has shown strong performance across our markets driven by the Better Business project and the positive development in concept sales. At the same time, we maintained focus on cost containment.
Finally the Board of Directors has decided to distribute an extraordinary dividend of
Q1 key financial messages
- EBITDA margin up by 2.1%-points
- Net working capital down by 0.6%-points
- 2021 guidance: Revenue of
DKK 11,750m and EBITDA ofDKK 725m
Financial highlights (DKK million) | Q1 2021 | Q1 2020 |
Revenue | 3,004 | 3,045 |
EBITDA | 204 | 142 |
Cash flow from operating activities | -88 | -43 |
Financial ratios (%) | ||
Organic growth adj. for number of working days | -0.6 | 1.4 |
EBITDA margin | 6.8 | 4.7 |
Net working capital, period-end/revenue (LTM) | 11.4 | 12.0 |
Gearing (NIBD/EBITDA), no. of times | 0.7 | 1.9 |
Audio webcast and teleconference today
The presentation of Quarterly Report Q1 2021 will be made in English on
Teleconference call-in numbers:
DK: tel. +45 787 232 52
US: tel. +1 833 526 8397
Contacts
CEO
CFO
IR Director
Attachments
- No. 13 2021 Quarterly Report Q1 2021
SOLA -2021-03-31
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