Over two days during the short 2025 summer beyond the Arctic Circle, a mining company moved a 113-year-old timber church building in its entirety nearly two miles away, in an engineering feat that made international headlines. The moving of the Kiruna Church from the Swedish town of the same name, created by the iron ore mining industry, wasn’t a solitary feat. The relocation of the church is part of a decades-long project by Sweden-based mining company LKAB, which is relocating the entire town of Kiruna ...

The European Automobile Manufacturers’ Association (ACEA) described the European Commission’s (EC) “automotive package” as an initial move for creating a flexible approach that supports decarbonisation and resilience goals. Under the proposal, carmakers must achieve a 90% reduction in tailpipe emissions from 2035 while the emaining 10% can be offset using low-carbon steel produced in the EU or using e-fuels and biofuels. ACEA stated that, at first assessment, the package requires decisive measures to su ...

Core Insights - Nordea Funds Ltd. has reduced its holding in Solar A/S, now owning 79,787,200 shares, which represents a 9.96% ownership stake following a sale on December 15, 2025 [1] Company Overview - Solar A/S is a leading European sourcing and services company focused on electrical, heating and plumbing, ventilation, climate, and energy solutions [2][3] - The company generated approximately DKK 12.2 billion in revenue in 2024 and employs around 2,900 people [3] - Solar A/S is listed on Nasdaq Copenhagen under the designation SOLAR B [3] Business Focus - The company emphasizes efficiency improvement and provides digital tools to enhance customer success [3] - Solar A/S is committed to driving the green transition and offers best-in-class solutions for sustainable resource use [3]

Core Points - UBS AG has acquired a total of 405,631 shares of Solar B, representing an ownership stake of 5.07% following a purchase on December 3, 2025 [1] Company Overview - Solar is a leading European sourcing and services company focused on electrical, heating and plumbing, ventilation, climate, and energy solutions [2] - The company generated approximately DKK 12.2 billion in revenue in 2024 and employs around 2,900 people [3] - Solar is listed on Nasdaq Copenhagen under the designation SOLAR B and is headquartered in Denmark [3] Business Focus - The core business of Solar revolves around product sourcing, value-adding services, and optimizing customers' operations [2] - The company emphasizes efficiency improvement and provides digital tools to enhance customer success [3] - Solar is committed to driving the green transition and offers best-in-class solutions for sustainable resource use [3]

Core Viewpoint - Solar Norge has successfully finalized the acquisition of Sonepar Norge for DKK 315 million, enhancing its position in the distribution of electrical, ventilation, climate, and energy solutions [1][2]. Group 1: Acquisition Details - The acquisition is characterized as a bolt-on acquisition, which will create a combined portfolio of 25,000 SKUs and generate an annual revenue of approximately DKK 2.5 billion [2]. - Sonepar Norge is projected to deliver revenue of DKK 700 million in 2026, with an EBITDA of approximately DKK -30 million due to estimated transition costs of around DKK 60 million, primarily incurred in Q1 2026 [3]. - The integration of the two businesses is expected to be completed by the end of the first half of 2026, with minimal impact on Solar Group's results for 2025, aside from acquisition costs of approximately DKK 5 million [3]. Group 2: Company Overview - Solar is a leading European sourcing and services company focused on electrical, heating and plumbing, ventilation, climate, and energy solutions, with a revenue of approximately DKK 12.2 billion in 2024 and around 2,900 employees [4][5]. - The company is committed to driving efficiency improvements and facilitating the green transition through best-in-class solutions and digital tools [5].

Core Points - UBS AG has acquired a total of 416,780 shares of Solar A/S, representing an ownership stake of 5.21% as of November 14, 2025 [1] Company Overview - Solar A/S is a leading European sourcing and services company focused on electrical, heating and plumbing, ventilation, climate, and energy solutions [2][3] - The company generated approximately DKK 12.2 billion in revenue in 2024 and employs around 2,900 people [3] - Solar A/S is listed on Nasdaq Copenhagen under the designation SOLAR B [3]

Core Viewpoint - Solar A/S has successfully completed an offering of 646,000 new B-shares, raising gross proceeds of DKK 123,386,000 through an accelerated bookbuilding process [1][2]. Offering Details - The offer price for the new shares is set at DKK 191 per share, contributing to the total gross proceeds of DKK 123,386,000 [2]. - The offering was oversubscribed, leading to an individual allocation of the new shares [4]. - The proceeds from the offering will be utilized to partly finance the acquisition of Sonepar Norge AS [4]. Capital Structure - Following the capital increase, Solar's share capital will consist of nominally DKK 90,000,000 A-shares and nominally DKK 710,600,000 B-shares, totaling a nominal value of DKK 800,600,000 [5]. - The new shares represent approximately 10% of Solar's total B-shares outstanding and about 8.78% of the registered share capital before the capital increase, decreasing to approximately 8.07% after the increase [6]. Trading and Listing - The new shares will be issued in the systems of VP Securities A/S and will be delivered to investors under a temporary ISIN code, which will later merge with the existing ISIN code for the B-shares [7]. - Nasdaq Copenhagen has confirmed that the new shares are expected to be listed under the existing ISIN code on or around 17 November 2025, subject to certain conditions [8]. Lock-Up Commitments - Solar has agreed to a customary lock-up commitment for 180 calendar days from the settlement of the offering, with the executive board and board of directors also committing to a similar lock-up period [3]. Company Overview - Solar is a leading European sourcing and services company focused on electrical, heating, plumbing, ventilation, and energy solutions, generating revenue of approximately DKK 12.2 billion in 2024 [14][15].

Joining us now is Tony Sage. He is CEO and executive chair of Critical Metals. Uh Tony, welcome to Power Lunch.I'm glad you're here. Let's start with with Greenland. Um when do you expect that operations actually digging critical minerals out of the ground in Greenland.When will that start. >> We hope to start construction in the third quarter next year. Um, we've done a hell of a lot of work uh since we took over the project about 12 months ago.Uh, before that, uh, it was owned by a single individual. Uh, ...

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]

Group 1 - The core business of Solar focuses on product sourcing, value-adding services, and optimization of customers' businesses in the electrical, heating and plumbing, ventilation and climate, and energy solutions sectors [2][3] - Solar generated revenue of approximately DKK 12.2 billion in 2024 and employs around 2,900 people [3] - The company is headquartered in Denmark and is listed on Nasdaq Copenhagen under the short designation SOLAR B [3] Group 2 - The financial calendar for 2025 includes key dates such as the Annual General Meeting on March 13, 2025, and the payment of dividends on March 18, 2025 [1] - Quarterly reports for 2026 are scheduled for May 7, August 13, and November 3 [1]