NASDAQ OMX Copenhagen A/S GlobeNewswire https://cns.omxgroup.com Announcement no. 16 2015 Contacts: CEO Anders Wilhjelm – tel. +45 79 30 02 01 CFO Michael H. Jeppesen – tel. +45 79 30 02 62 Stakeholder Relations Manager Charlotte Risskov Kræfting – tel. +45 40 34 29 08 Quarterly Report Q3 2015 Solar Group’s revenue and EBITA for Q3 2015 met our expectations. We will maintain our full-year outlook for both revenue and EBITA but now expect revenue and EBITA to land in the upper part of the announced ranges. CEO Anders Wilhjelm says: ”For Solar, Q3 proved another positive quarter with growth in all markets, and the quarter went as expected. We’re always working to improve our customers’ productivity so that they can increase their profitability in return. This is one reason why we’re pleased to see the spread of our Fastbox concept that we’ve now begun to introduce in other markets as well. This concept originated in Denmark and is now also running in Sweden where customers have taken to the idea. Our Fastbox concept is a core service for us as a sourcing and services company. With it, we meet urgent product requests more efficiently. More specifically, Solar delivers within one hour wherever the customer needs it, rather than the customer spending costly time picking up materials or holding an unnecessarily large stock. That’s just common sense for everyone involved.” Q3 2015 2,449 89 65 -68 3.8 3.6 13.3 12.2 Q3 2014 2,418 82 57 128 -0.8 3.4 12.7 12.4 Q1-Q3 2015 7,768 197 135 -193 5.9 2.5 13.3 12.2 Q1-Q3 2014 7,479 120 44 -119 -0.2 1.6 12.7 12.4 Solar A/S Executive Board Industrivej Vest 43 DK – 6600 Vejen Denmark Tel. + 45 79 30 00 00 www.solar.eu Ref. AW/crk CVR no. 15 90 84 16 5 November 2015 Financial highlights (DKK million)* Revenue EBITA Earnings before tax Cash flow from operating activities Key financial ratios (%) Organic growth EBITA margin Net working capital at end of period/revenue (LTM) Net working capital, average/revenue (LTM)** * Divestment of the assets in Solar Deutschland GmbH means that figures for 2014 and 2015 listed in this announcement only relate to continuing operations. ** Calculated as an average of the last four quarters’ inventories, trade receivables and trade payables. Revenue in Q3 2015 • Group revenue matched our expectations. • Organic growth was 3.8%, up from -0.8% in Q3 2014. EBITA in Q3 2015 • Group EBITA also met our expectations. • In Q3 2014, EBITA was impacted by restructuring costs of DKK 2m. Page 1 of 2
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