Solar A/S Reports Earnings Results for the Full Year Ended December 31, 2023
February 08, 2024 at 02:03 am EST
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Solar A/S reported earnings results for the full year ended December 31, 2023. For the full year, the company reported sales was DKK 13,031 million compared to DKK 13,863 million a year ago. Net income was DKK 347 million compared to DKK 660 million a year ago.
Basic earnings per share from continuing operations was DKK 47.51 compared to DKK 90.37 a year ago. Diluted earnings per share from continuing operations was DKK 47.34 compared to DKK 90.05 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 
