Nasdaq Copenhagen A/S GlobeNewswire https://cns.omxgroup.com Announcement no. 10 2016 Contacts: CEO Anders Wilhjelm – tel. +45 79 30 02 01 CFO Michael H. Jeppesen – tel. +45 79 30 02 62 Director, Stakeholder Relations Charlotte Risskov Kræfting – tel. +45 40 34 29 08 Solar A/S Executive Board Industrivej Vest 43 DKK - 6600 Vejen Denmark Tel. +45 79 30 00 00 www.solar.eu Ref. AW/crk CVR no. 15908416 24 February 2016 Annual Report 2015 Solar Group revenue and EBITA for 2015 were in line with our expectations. The Board of Directors will propose 2015 dividend distribution of DKK 10.00 per share at the annual general meeting. CEO Anders Wilhjelm says: ”The 2015 operating profit is the best that Solar has generated in the last five years, and we are pleased with this improvement. We generated organic growth of some 5% within our installation segment, while the industry segment came to around 4%. But growth declined steadily over the year, so we are taking a cautious approach to our outlook for 2016.” Financial highlights (DKK million)* Revenue EBITA Earnings before tax Cash flow from operating activities Financial ratios (%) Organic growth EBITA margin Net working capital, year-end/revenue (LTM) Net working capital, average/revenue (LTM)** * Q4 2015 2,819 99 66 524 3.2 3.5 9.3 11.8 Q4 2014 2,773 -3 -166 306 2.2 -0.1 10.8 12.4 2015 10,587 296 201 331 5.2 2.8 9.3 11.8 2014 10,252 117 -122 187 0.4 1.1 10.8 12.4 Due to our divestment of the assets of Solar Deutschland GmbH, 2014 and 2015 figures in this announcement relate to our continuing operations. ** Calculated as an average of the past four quarters’ inventories, trade receivables and trade payables. Page 1 of 2
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