Denmark's Solar Q3 revenue rises on organic growth
Denmark's Solar Q3 revenue rises on organic growth
Overview
Denmark sourcing and services firm's Q3 revenue rose 18% yr/yr with positive organic growth
Q3 EBITDA grew 34% yr/yr and was in line with company expectations
Company refined 2026 EBITDA guidance to DKK 450 mln, citing improved revenue development
Outlook
Solar raises 2026 revenue guidance to DKK 13.6 bln from DKK 12.9-13.4 bln
Company refines 2026 EBITDA guidance to DKK 450 mln from DKK 400-480 mln
Solar expects 2026 organic growth of 4.5% and EBITDA margin of 3.3%
Result Drivers
ORGANIC GROWTH - Co said all key markets achieved positive organic growth for the second consecutive qtr, with growth slightly ahead of expectations
COMPETITIVE PRESSURE - Co said profitability continued to be affected by a highly competitive market environment, resulting in continued pressure on gross profit margins
Company press release: ID:nGNE841Fcr
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue |
| DKK 3.32 bln |
|
Q3 Adjusted Free Cash Flow |
| -DKK 155 mln |
|
Q3 EBITDA |
| DKK 147 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 DKK207.50, about 3.8% above its November 2 closing price of DKK200.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 14 three months ago
Reuters Recommended Reads
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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.)