Brief: Solar Presents Second Guidance Increase During 2021

Solar A/S

09/07/2021 08:04

July 9 (Reuters) - Solar A/S  SOLARb.CO :
    * NO. 15 SOLAR PRESENTS ITS SECOND GUIDANCE INCREASE DURING
2021
WITH AN EBITDA INCREASE OF DKK 100M
    * BASED ON PRELIMINARY REPORTING, SOLAR INCREASES GUIDANCE
FOR
2021 EBITDA TO DKK 825M FROM DKK 725M.
    * WE HAVE EXPERIENCED EXTRAORDINARY PRICE INCREASES ON
CERTAIN
PRODUCTS DUE TO INCREASING COMMODITY PRICES
    * INCREASING REVENUE GUIDANCE BY DKK 350M TO DKK 12,100M
COMPARED
TO OUR PREVIOUS GUIDANCE OF DKK 11,750M
    * THESE EXTRAORDINARY PRICE INCREASES HAVE RESULTED IN A
POSITIVE
ONE-OFF IMPACT OF APPROX. DKK 30M IN Q2
    * WE EXPECT REMAINDER OF YEAR TO BE IMPACTED TO A LESSER
DEGREE
FROM THESE PRICE INCREASES
    * EXTRAORDINARY PRICE INCREASES ON CERTAIN PRODUCTS DUE TO
INCREASING COMMODITY PRICES
    * WE EXPECT STRATEGIC FOCUSES TO DELIVER CONTINUOUS
IMPROVEMENTS
IN EARNINGS, DELIVERING AN EBITDA OF DKK 825M.
    * EXTRAORDINARY PRICE INCREASES HAVE RESULTED IN A POSITIVE
ONE-OFF IMPACT OF APPROX. DKK 30M IN Q2

Source text for Eikon:  ID:nGNE9CS8FL 
Further company coverage:  SOLARb.CO 

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