Denmark's Solar Q1 EBITDA falls amid severe winter

Solar A/S

07/05/2026 07:06

Overview

Denmark sourcing and services firm's Q1 revenue rose slightly yr/yr, impacted by severe winter

Q1 EBITDA declined yr/yr as activity slowed, but company confirmed full-year guidance

Integration of Sonepar Norge ahead of schedule, with lower-than-expected costs

Outlook

Solar confirms 2026 revenue guidance of DKK 12.9bn to DKK 13.4bn

Company maintains 2026 EBITDA guidance of DKK 400m to DKK 480m

Solar says supplier price increases may boost inventory gains but could weigh on demand

Result Drivers

SEVERE WINTER - Co said Q1 activity levels, especially in infrastructure, were reduced by severe winter in February

SUPPLIER PRICE INCREASES - Several suppliers raised prices for oil-based products, leading to higher cyclical inventory gains but potentially lower demand

SONEPAR NORGE INTEGRATION - Integration ahead of schedule with costs DKK 10m lower than expected

Company press release: ID:nGNE9WZDsC

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
DKK 3.31 bln
Q1 Adjusted Free Cash Flow
-DKK 173 mln
Q1 EBITDA
DKK 59 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 DKK215.00, about 3.4% above its May 6 closing price of DKK208.00

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)