Aug 08, 2024 / 09:00AM GMT
Jens Andersen - Solar A/S-Chief Executive Officer - Managing Director - Denmark, Member of the Executive Board
A very warm welcome to this second quarter webcast for the Solar Group. Together with me here in our headquarter in Vejen, I have my colleague, CFO, Michael Jeppesen. The agenda for today is a general business update and some highlights for Q2 presented by me. Then I will give you a short introduction to how we work in our solar industrial solutions team that is within industrial heat pumps, and it's a cornerstone in our new three-year strategy called Solve.
Michael will then present our 2Q results, including a high level cash flow status. And finally, of course, a q-and-a session.
As expected, all segments showed negative growth in Q2 2024. Revenue declined to DKK3.1 billion compared to DKK3.3 billion last year. Adjusted organic growth amounted to minus 7.8%, up from minus 15% in Q1 2024. Revenue from planned energy a strategic focus area remained at a low level in 2Q amounting to DKK234 million. But compared to Q1 '24, this is an
Q2 2024 Solar A/S Earnings Call Transcript
Aug 08, 2024
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