FINANCIAL HIGHLIGHTS Consolidated Q3 2009 Financial and operating data from the income statement (€ million) Revenue Earnings be
OUTLINE Q3 and Q1-Q3 2009 Q3 revenue amounted to € 333.7m against € 349.4m in Q3 2008, equalling revenue growth of -4.5%. Total
GROUP REPORT Q3 2009 Q3 revenue was down € 15.7m to € 333.7m, equating a decrease in revenue of 4.5%. The drop in organic growth
GROUP REPORT Investments On 1 October 2009, Solar commissioned the extension to the administration building that was started in
As requirements for the construction of new energy-efficient buildings will be tightened over the coming years, we will see a ri
GROUP REPORT Solar Sverige AB Also in Sweden, activity levels for contractors within new construction are still dropping, and on
Work on optimising the logistics concepts to reduce high freight costs is on schedule. Moreover, Lean implementation is progress
GROUP REPORT 2009. This negative impact is expected to ease off in 2010, and these branches are expected to contribute positivel
EXPECTATIONS FOR 2010 It remains difficult to assess the duration of the crisis, and we expect that we will not see overall posi
GROUP REPORT SOLAR’S SHARES Solar’s share capital is composed of nominally € 12.1m A shares and nominally € 85.7m B shares. As a
MANAGEMENT’S STATEMENT Today, the supervisory and executive boards discussed and approved Solar A/S’ Q3 2009 quarterly report. T
INCOME STATEMENT Consolidated Q3 Q1-Q3 2009 2008 Year 2008 € million Revenue Cost of sales Gross profit External operating costs
BALANCE SHEET Consolidated As at 30 Sept. Year-end € million ASSETS Intangibles Property, plant and equipment Investments Non-cu
CASH FLOW STATEMENT Consolidated Q3 Q1-Q3 2009 9.9 13.9 (0.6) 3.6 6.2 (6.4) (4.2) 22.4 26.4 (1.5) 46.6 93.9 (7.2) (6.1) (0.2) 0.
STATEMENT OF CHANGES IN EQUITY – Consolidated Q3 Q1-Q3 2009 2008 Year 2008 € million STATEMENT OF CHANGES IN EQUITY Equity at th
NOTES Consolidated Q3 Q1-Q3 2009 2008 Year 2008 € million TREASURY SHARES Holding at the beginning of the period, number of shar
Acquisition of subsidiaries Q1-Q3 2009 No subsidiaries have been acquired or divested in the period. Q1-Q3 2008 No subsidiaries
QUARTERLY FIGURES Consolidated Q1 2009 Financial and operating data from the income statement (€ million) Revenue Earnings befor
Q2 2009 2008 2009 Q3 2008 2008 Q4 2007 344.6 7.5 5.9 (1.4) 4.5 2.5 0.37 0.61 377.5 14.9 13.2 (1.7) 11.5 8.2 1.20 1.45 333.7 9.6
ACCOUNTING POLICIES ACCOUNTING POLICIES Solar A/S’ quarterly report has been prepared in accordance with IAS 34 ‘Interim Financi