Solar AS (STU:ZVR)
€ 44.8 -0.85 (-1.86%) Market Cap: 331.38 Mil Enterprise Value: 510.20 Mil PE Ratio: 16.89 PB Ratio: 1.43 GF Score: 77/100

Q3 2020 Solar A/S Earnings Call Transcript

Nov 04, 2020 / 10:00AM GMT
Release Date Price: €44.65 (+2.29%)
Operator

Hello, and welcome to the Solar 2020 Report Q3. (Operator Instructions) Today, I'm pleased to present CEO, Jens Andersen. Speaker, please go ahead with your meeting.

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

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Thank you very much. A very warm welcome to this third quarter webcast for Solar here in Copenhagen. Together with me, I have my 2 colleagues: CCO, Hugo Dorph; and Michael Jeppesen, now CFO. The agenda for today is a general business update from my side, and then Hugo will go in to make a deep dive on our sustainability activities and also our digital business. And finally, Michael will present our third quarter results and our increased outlook for 2020 before we go to the Q&A session.

In next slide, please. In third quarter, we delivered an EBITA increase of more than 25%, and this is now the eighth quarter in a row where we delivered year-on-year growth on EBITA. During the quarter, we also managed to sell our shareholding in BIMobject for a total cash

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