From GlobeNewswire: 2025-05-09 01:59:00

Q1 revenue and EBITDA meet expectations, with a positive organic growth of 6.5% compared to -15.4% in Q1 2024. Cost optimization measures are underway, including staff reductions and restructuring costs of DKK 40m. A new logistics center in Kumla prompts an early closure of the Halmstad warehouse, with transition costs of DKK 12m. Solar confirms EBITDA guidance of DKK 530m to DKK 600m for 2025. The new Kumla logistics center ahead of schedule allows for early closure of Halmstad, reducing risks and freeing up cash. Solar confirms revenue guidance between DKK 12.3bn and DKK 12.8bn, and EBITDA between DKK 530m and DKK 600m. Solar faces commercial and financial risks detailed in the 2024 Annual Report but continues to monitor market developments closely. A recovery in 2025 is expected, although the timing and strength are uncertain. Solar will present Quarterly Report Q1 2025 on May 9, 2025, through an audio webcast. Participation is possible via teleconference. CEO Jens Andersen, CFO Michael H. Jeppesen, and IR Director Dennis Callesen are key contacts. Solar, a leading European sourcing and services company, focuses on electrical, heating, plumbing, ventilation, climate, and energy solutions. Revenue of approx. DKK 12.2bn in 2024 with 2,900 employees. Listed on Nasdaq Copenhagen as SOLAR B.



Read more at GlobeNewswire:: No. 5 2025 Revenue returns to growth