In July, revenue and EBITDA guidance were revised upwards by
CEO
"We delivered our second upward guidance revision just six months into our Core+ strategy period. All our four strategic focus areas are showing traction across markets and have contributed significantly to the strong results.
We see strong performance within all our segments. We are particularly satisfied with our Industry segment where OEM and MRO are picking up. At the same time, our concept share of revenue has increased to a new all-time high of 22%. We see strong performance in all our markets especially in Solar Nederland that achieved a concept share increase of more than 2%-points.
We distributed extraordinary dividends of
The impressive results could not have been achieved without the dedicated and hard work by our employees, whom I want to thank – they are the foundation for our success.”
Q2 key financial messages
- EBITDA margin up by 2.2%-points, almost 50% increase
- One-off price effects resulted in a positive impact of approx.
DKK 30m of the gross profit, corresponding to a gross profit margin improvement of approx. 1%-point - 2021 guidance: Revenue of
DKK 12,100m and EBITDA ofDKK 825m - Return on invested capital (ROIC) increased to 21% from 10%
Financial highlights (DKK million) | Q2 2021 | Q2 2020 | H1 2021 | H1 2020 |
Revenue | 3,098 | 2,745 | 6,102 | 5,790 |
EBITDA | 211 | 127 | 415 | 269 |
Cash flow from operating activities | 351 | 282 | 263 | 239 |
Financial ratios (%) | ||||
Organic growth adj. for number of working days | 8.6 | -1.6 | 3.8 | 0.0 |
EBITDA margin | 6.8 | 4.6 | 6.8 | 4.6 |
Net working capital, end of period/revenue (LTM) | 10.9 | 11.9 | 10.9 | 11.9 |
Gearing (NIBD/EBITDA), no. of times | 0.4 | 1.5 | 0.4 | 1.5 |
Return on invested capital (ROIC) | 21.0 | 10.2 | 21.0 | 10.2 |
Audio webcast and teleconference today
The presentation of Quarterly Report Q2 2021 will be made in English on
Teleconference call-in numbers:
DK: tel. +45 787 232 50
US: tel. +1 646 722 4956
Contacts
CEO
CFO
IR Director
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.
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.
Attachments
- No. 16 2021 Quarterly Report Q2 2021
SOLA -2021-06-30
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