Solar AS (OCSE:SOLAR B)

kr 331 0 (0%) Market Cap: 2.42 Bil Enterprise Value: 3.75 Bil PE Ratio: 16.52 PB Ratio: 1.40 GF Score: 81/100

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Full Year 2020 Solar A/S Earnings Call Transcript

Feb 11, 2021 / 10:00AM GMT

Release Date Price: kr436 (-1.25%)

Transcript

Operator

Ladies and gentlemen, welcome to Solar Full Year Results Call for 2020. (Operator Instructions)

Today, I am pleased to present Jens Andersen, CEO; Michael Jeppesen, CFO; and Hugo Dorph, CCO. Speakers, please begin your meeting.

Jens E. Andersen;S;CEO

Solar A;MD of Denmark & Member of Executive Board

/- -

Thanks a lot. A very warm welcome on a -- welcome to our Fourth Quarter Webcast, but also the ending of our 3-year thread period. Together with me, I have Hugo Dorph, our CCO; and Michael Jeppesen, our CFO.

The agenda for today is, I will give you a general business update, sent by me. Then Hugo will give some more insight into our new strategy, which we call the CORE+. And finally, Michael will present our 4Q results and our guidance for the year 2021 before we go to the question and answer session.

Page 3, please. In 2020, we managed to increase our total EBITDA by DKK 95 million or equal to a plus of 26% to an EBITDA of DKK 455 million, and that was despite a slightly negative organic

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