Solar A/S Reports Earnings Results for the First Quarter Ended March 31, 2024
May 02, 2024 at 11:29 am IST
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Solar A/S reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was DKK 3,030 million compared to DKK 3,656 million a year ago. Net loss was DKK 5 million compared to net income of DKK 145 million a year ago.
Basic loss per share from continuing operations was DKK 0.68 compared to basic earnings per share from continuing operations of DKK 19.85 a year ago. Diluted loss per share from continuing operations was DKK 0.68 compared to diluted earnings per share from continuing operations of DKK 19.81 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 
