Solar A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 12:36 am EDT
Share
Solar A/S reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was DKK 2,965 million compared to DKK 3,266 million a year ago. Net income was DKK 71 million compared to DKK 176 million a year ago. Basic earnings per share from continuing operations was DKK 9.72 compared to DKK 24.1 a year ago. Diluted earnings per share from continuing operations was DKK 9.69 compared to DKK 24.03 a year ago.
For the nine months, sales was DKK 9,871 million compared to DKK 10,179 million a year ago. Net income was DKK 293 million compared to DKK 491 million a year ago. Basic earnings per share from continuing operations was DKK 40.12 compared to DKK 67.23 a year ago. Diluted earnings per share from continuing operations was DKK 40 compared to DKK 67.01 a year ago.
Solar A/S is a Denmark-based company engaged in the distribution of electrical, heating, plumbing and ventilation components. The Companyâs sales are divided into industry segment and contractor segment. The Company offers, among others, lightning, boilers and radiators, water heaters, heat pumps, switches and socket outlets, detection and push buttons, fans and air handling units, solar heating units, fire alarm systems, contactors, and cables for building, marine and offshore, and telecommunications industries. The products are distributed through a network of centrally located branches, drive-ins supporting the central warehouses and through an online channel. Apart from this, it sells accessories for consumer electronics through Aurora Group A/S. Solar A/S operates a number of subsidiaries in Denmark, Faroe Islands, Sweden, Norway, the Netherlands, Belgium, Poland and Austria. It operates, among others, through MAG45, an integrated supply company.
SOLAR A/S 
