Pursuant to section 30 of the Danish Capital Markets Act, Solar A/S hereby announces that UBS AG today has informed Solar that following its purchase of shares on 14 November 2025, UBS AG’s holding of Solar B shares now totals 416,780 shares at DKK 100, corresponding to an ownership share of 5.21%. ContactsCEO Jens Andersen - tel. +45 79 30 02 01CFO Michael H. Jeppesen - tel. +45 79 30 02 62IR Director Dennis Callesen - tel. +45 29 92 18 11 Facts about Solar Solar is a leading European sourcing and service ...

Core Points - Solar A/S has completed a capital increase by issuing 646,000 new B-shares, raising gross proceeds of DKK 123,386,000 [1][4] - The total nominal share capital of Solar after the increase is DKK 800,600,000, consisting of DKK 90,000,000 in A-shares and DKK 710,600,000 in B-shares [2] - The new shares represent approximately 10% of the total B-shares outstanding and about 8.07% of the registered share capital post-capital increase [4] Company Information - Solar is a leading European sourcing and services company focused on electrical, heating, plumbing, ventilation, and energy solutions [8] - The company generated revenue of approximately DKK 12.2 billion in 2024 and employs around 2,900 people [9] - Solar is listed on Nasdaq Copenhagen under the short designation SOLAR B [9]

Core Points - Solar A/S is launching an offering of up to 646,000 new B-shares, representing up to 10% of total B-shares outstanding and up to 8.78% of total registered share capital [1][2] - The net proceeds from the offering will be used for partial payment of the acquisition of Sonepar Norge AS [2] - The offering will be executed through an accelerated bookbuilding process and is fully underwritten by Fonden af 20. December [5][6] Offering Details - The offering will not be registered in the US and will be made to institutional and professional investors in Denmark and other relevant jurisdictions [3][4] - The offer price will be determined through the bookbuilding process, which is expected to close at any time [5] - A lock-up commitment for 180 days will be undertaken by the company and its board members following the settlement of the offering [7] Share Capital Increase - The decision to launch the offering is authorized by the board of directors under article 9(2) of Solar's articles of association [8] - The new shares will rank pari passu with existing B-shares and will be negotiable instruments without special rights [9] Trading and Listing - If issued, the new shares will be listed under the existing ISIN code DK0010274844 on Nasdaq Copenhagen, expected around 17 November 2025 [11][12] - The offering will be settled through Euronext Securities by way of book entry against cash payment [13] Timeline - Key dates include pricing and allocation on 11 November 2025, settlement on 14 November 2025, and admission to trading on 17 November 2025 [14]

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]

Group 1 - Solar is a leading European sourcing and services company focused on electrical, heating and plumbing, ventilation and climate, and energy solutions [2] - The company generated revenue of approximately DKK 12.2 billion in 2024 and employs around 2,900 people [3] - Solar is listed on Nasdaq Copenhagen under the designation SOLAR B [3] Group 2 - Jesper Dalsgaard Jensen, the Vice-chair of the board, purchased 750 shares of Solar A/S at a market price of DKK 166,125.00 on August 15, 2025 [1]