Solar A/S: No. 11 2025 EBITDA for the first nine months amounted to DKK 296m

Core Insights - Q3 revenue was at the lower end of expectations, with a gross profit margin below anticipated levels, leading to a refined guidance for 2025 revenue and EBITDA [1][3] - CEO Jens Andersen emphasized the company's commitment to long-term value creation through strategic initiatives such as the acquisition of Sonepar Norge and investment in a new logistics center in Sweden [2][4] Financial Performance - Q3 2025 revenue was DKK 2,815 million, a slight decrease from DKK 2,860 million in Q3 2024, while year-to-date revenue increased to DKK 9,056 million from DKK 8,990 million [2] - EBITDA for Q3 2025 was DKK 110 million, down from DKK 202 million in Q3 2024, with year-to-date EBITDA at DKK 296 million compared to DKK 427 million in the previous year [2] - Organic growth adjusted for working days was -2.1% in Q3 2025, an improvement from -5.3% in Q3 2024, while year-to-date organic growth was 1.0% compared to -9.4% [2] Guidance for 2025 - The company refined its guidance for 2025, projecting revenue of approximately DKK 12,000 million, up from a previous range of DKK 11,750-12,250 million, and EBITDA of approximately DKK 460 million, revised from DKK 450-510 million [3] - The expected organic growth for 2025 is approximately -0.5%, an improvement from the previous estimate of -4% to 0% [3] Strategic Initiatives - The acquisition of Sonepar Norge is a significant strategic milestone aimed at enhancing market presence and operational capabilities [4] - The construction of a new state-of-the-art logistics center in Sweden is part of the company's ongoing investment in digital transformation and operational efficiency [2]