Solar AS (FRA:ZVR)
€ 45.25 1.9 (4.38%) Market Cap: 324.08 Mil Enterprise Value: 502.93 Mil PE Ratio: 16.99 PB Ratio: 1.44 GF Score: 81/100

Q2 2023 Solar A/S Earnings Call Transcript

Aug 10, 2023 / 09:00AM GMT
Release Date Price: €66.2 (-1.93%)
Operator

Welcome to the Solar Quarterly Report for Q2 2023. (Operator Instructions) This call is being recorded.

Today, I'm pleased to present Jens Andersen, CEO; and Michael Jeppesen, CFO. Speakers, please begin.

Jens E. Andersen;S;CEO
Solar A;MD of Denmark & Member of Executive Board

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Thank you. A warm welcome to this second quarter webcast for the Solar Group. Together with me, I have my, as always, CFO, Michael Jeppesen. The agenda for today is a general business update, with some highlights from first half year of 2023 presented by me. Then I will give you a short update on our CORE+ strategy that soon will come to an end. Then Michael will take over and present our second Q results, including a high-level cash flow statement and naturally some comments to our guidance or reconfirmed guidance for year 2023. And then finally, we will have our Q&A session.

Next slide, please, highlights. As expected, we saw a slight decline in growth in second Q. Revenue decreased to DKK 3.3 billion, down from

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