Denmark's Solar Q2 revenue rises as markets recover, reconfirms 2026 forecast
Denmark's Solar Q2 revenue rises as markets recover, reconfirms 2026 forecast
Overview
Denmark sourcing and services firm's Q2 revenue grew as all key markets returned to growth
Q2 EBITDA declined, impacted by DKK 38 mln in one-off costs
Company reconfirmed 2026 guidance for revenue and EBITDA
Outlook
Solar reconfirms 2026 revenue guidance of DKK 12.9-13.4 bln
Company maintains 2026 EBITDA guidance of DKK 400-480 mln
Solar says geopolitical tensions may impact transport costs, supplier pricing and customer demand
Result Drivers
MARKET RECOVERY - Co said all key markets and main segments returned to growth in Q2, resulting in positive adjusted organic growth
OPERATIONAL MILESTONES - Completion of Kumla logistics centre and Sonepar Norge integration contributed to greater scalability and automatisation
IMPROVED TRADING CONDITIONS - Co said trading conditions improved in Q2 compared to Q1, which was impacted by severe winter conditions in Denmark and Norway
Company press release: ID:nGNE1MFYjF
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| DKK 3.44 bln |
|
Q2 Adjusted Free Cash Flow |
| -DKK 267 mln |
|
Q2 EBITDA |
| DKK 84 mln |
|
Reuters Recommended Reads
Aug 11 - Sweden's Storskogen Q2 sales rise on organic growth
Aug 11 - Denmark's ISS Q2 organic growth rises on new contract wins; increases buyback
Aug 10 - Ferguson Q2 sales slightly beats on acquisitions; raises 2026 outlook
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)