Solar A/S Reports Earnings Results for the First Quarter Ended March 31, 2023
May 01, 2023 at 11:51 pm EDT
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Solar A/S reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was DKK 3,656 million compared to DKK 3,462 million a year ago. Net income was DKK 145 million compared to DKK 168 million a year ago.
Basic earnings per share from continuing operations was DKK 19.85 compared to DKK 23 a year ago. Diluted earnings per share from continuing operations was DKK 19.81 compared to DKK 22.95 a year ago.
Solar A/S is a Denmark-based company engaged in the distribution of electrical, heating, plumbing and ventilation components. The Companyâs sales are divided into industry segment and contractor segment. The Company offers, among others, lightning, boilers and radiators, water heaters, heat pumps, switches and socket outlets, detection and push buttons, fans and air handling units, solar heating units, fire alarm systems, contactors, and cables for building, marine and offshore, and telecommunications industries. The products are distributed through a network of centrally located branches, drive-ins supporting the central warehouses and through an online channel. Apart from this, it sells accessories for consumer electronics through Aurora Group A/S. Solar A/S operates a number of subsidiaries in Denmark, Faroe Islands, Sweden, Norway, the Netherlands, Belgium, Poland and Austria. It operates, among others, through MAG45, an integrated supply company.
SOLAR A/S 
