Brief: Solar Increases Its Guidance For 2020 EBITA To DKK 435 Mln

Solar A/S

21/10/2020 08:17

Oct 21 (Reuters) - Solar A/S  SOLARb.CO :
    * REG-SOLAR A/S: SOLAR INCREASES ITS GUIDANCE FOR 2020 EBITA
TO
DKK 435M
    * ADJUSTING REVENUE GUIDANCE TO DKK 11,300M, A DECLINE OF
DKK 100M
COMPARED TO OUR PREVIOUS GUIDANCE OF DKK 11,400M.
    * INCREASES ITS GUIDANCE FOR 2020 EBITA TO DKK 435M FROM DKK
400M,
    * 25% EBITA INCREASE IN Q3 DESPITE LOWER REVENUE.
    * IN Q3, EBITA INCREASED TO DKK 132M (DKK 105M) DESPITE
ADJUSTED
ORGANIC REVENUE GROWTH OF -4.8% (6.3%).
    * EBITA INCREASE WAS MAINLY DRIVEN BY AN IMPROVED GROSS
PROFIT
MARGIN COMBINED WITH EFFICIENCY GAINS AND COST CONTAINMENT.
    * ONE-OFF INCOME RELATING TO EXTRAORDINARY PRICE INCREASES
POSITIVELY AFFECTED GROSS PROFIT MARGIN BY APPROX. DKK 10M.
    * Q3 REVENUE DKK  2.62 BILLION VERSUS DKK 2.78 BILLION YEAR
AGO

Source text for Eikon:  ID:nGNE1tw2P1 
Further company coverage:  SOLARb.CO 

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