Solar A/S Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 03, 2022 at 03:00 am EDT
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Solar A/S reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was DKK 3,266 million compared to DKK 2,872 million a year ago. Net income was DKK 176 million compared to DKK 124 million a year ago. Basic earnings per share from continuing operations was DKK 24.1 compared to DKK 16.98 a year ago. Diluted earnings per share from continuing operations was DKK 24.03 compared to DKK 16.93 a year ago.
For the nine months, sales was DKK 10,179 million compared to DKK 8,974 million a year ago. Net income was DKK 491 million compared to DKK 372 million a year ago. Basic earnings per share from continuing operations was DKK 67.23 compared to DKK 50.94 a year ago. Diluted earnings per share from continuing operations was DKK 67.01 compared to DKK 50.82 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 
