Solar A/S : The Solar Group must increase earnings
August 20, 2014 at 04:49 am EDT
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Solar A/S with future headquarters in Vejen, Denmark, generated revenue of € 739.6m in the first half year, but only managed to realise an operational profit (EBITA) of € 0.8m. This is, however, an improvement compared to last year's operational loss of € 1.6m in the first half year.
Solar A/S with future headquarters in Vejen, Denmark, generated revenue of € 739.6m in the first half year, but only managed to realise an operational profit (EBITA) of € 0.8m. This is, however, an improvement compared to last year's operational loss of € 1.6m in the first half year.
- We must improve our earnings. That is clear to all. We operate in a geographical market with low growth, which means that improvements will not come from the outside. It will be a long haul turning this around, CEO Anders Wilhjelm underlines.
- We want to utilise our existing competences and assets, looking at related business areas for growth opportunities and improving capacity utilisation. At the same time, we continuously work to improve efficiency of the existing business, CEO Anders Wilhjelm points out.
It is all about the customers
All current and future initiatives will be centred around the customers.
- We focus on the customers in everything we do. For example, we have strengthened the way we are buying on behalf of the customers in order to always ensure them the best products and solutions. It is our duty both to listen to and positively challenge the customers so that we can come up with the very best individual solution for each customer, CEO Anders Wilhjelm emphasises.
- At the same time, we must maintain our punctual distribution, which means that the customers do not need to build up an inventory, but can always depend on our deliveries, says CEO Anders Wilhjelm.
For further comments, please contact:
Corporate IR & Communications Manager Charlotte Risskov Kræfting - mobile +45 4034 2908
Link to image downloads: http://www.solar.eu/Menu/Press/Image+Bank
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 
