Solar A/S Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 10, 2023 at 12:02 am EDT
Share
Solar A/S reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was DKK 3,250 million compared to DKK 3,451 million a year ago. Net income was DKK 77 million compared to DKK 147 million a year ago. Basic earnings per share from continuing operations was DKK 10.54 compared to DKK 20.13 a year ago. Diluted earnings per share from continuing operations was DKK 10.52 compared to DKK 20.07 a year ago.
For the six months, sales was DKK 6,906 million compared to DKK 6,913 million a year ago. Net income was DKK 222 million compared to DKK 315 million a year ago. Basic earnings per share from continuing operations was DKK 30.4 compared to DKK 43.13 a year ago. Diluted earnings per share from continuing operations was DKK 30.31 compared to DKK 43 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 
