Denmark's Solar Q4 revenue falls, EBITDA pressured

Solar A/S

05/02/2026 07:07

Overview

Denmark's sourcing firm reported Q4 revenue of DKK 3,115 mln, down from DKK 3,233 mln

Q4 EBITDA fell to DKK 205 mln, impacted by market conditions and segment mix

Company acquired Sonepar Norge, enhancing its position in Norway

Outlook

Solar expects 2026 revenue between DKK 12,900 mln and DKK 13,400 mln

Company forecasts 2026 EBITDA between DKK 400 mln and DKK 480 mln

Solar anticipates market challenges to persist into 2026

Result Drivers

MARKET CONDITIONS - EBITDA was pressured by uncertain market conditions and an unfavorable segment mix, expected to persist into 2026

ACQUISITION IMPACT - Acquisition of Sonepar Norge aims to strengthen Solar's position in Norway, with integration progressing ahead of plan

DIGITAL AND LOGISTICS INVESTMENTS - Investments in digital transformation and a new logistics center in Kumla to improve efficiency and sustainability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
DKK 3.12 bln
Q4 Adjusted Free Cash Flow
DKK 430 mln
Q4 EBITA
DKK 139 mln
Q4 EBITDA
DKK 205 mln
Q4 Pretax Profit
DKK 108 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the construction & engineering peer group is "buy."

Wall Street's median 12-month price target for Solar A/S is DKK225.00, about 0.2% below its February 4 closing price of DKK225.50

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNE9dttgf

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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.)