Q1 2024 Solar A/S Earnings Call Transcript

May 02, 2024 / 09:00AM GMT
Jens Andersen - Solar A/S-Chief Executive Officer - Managing Director - Denmark, Member of the Executive Board

Good morning, everyone. A very warm welcome to this first-quarter webcast for the Solar. Together with me here in Vejen, I have my colleague, CFO, Michael Jeppensen.

The agenda for today is a general business update with some highlights from Q1 '24 presented by me. Then, I will give you a short introduction how we want to work even closer with our customers with solution, selling one of the cornerstones in our new three-year strategy called Solve. Michael will then present our first-Q results, including a high-level cash flow status. And then, finally and hopefully, we will have a Q&A session.

Highlights. As expected, all segments showed negative growth in Q1 '24. Revenue declined from DKK3 billion, down from DKK3.7 billion at the same time last year. Adjusted organic growth amounted to minus 15.4%, which with March, performed slightly better than January and February. Especially, revenue from climate and energy, one of our

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot