)
Visual
test
Solar
Solar (SOLAR) investor relations material
Solar Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary6 Nov, 2025
Executive summary
Q3 2025 revenue reached DKK 2.8–2.815 billion, at the lower end of expectations, with adjusted organic growth of -2.1% and EBITDA at DKK 110 million, impacted by non-recurring costs.
Major warehouse consolidation in Sweden completed ahead of schedule, freeing up more cash than anticipated.
Announced acquisition of Sonepar Norway/Norge, expected to close in early December, positioning the group as a leading distributor in Norway with integration by H1 2026.
New growth initiatives include digital platform upgrades and AI-driven customer experience, with first rollout in H1 2026.
Financial highlights
Q3 revenue declined 1.6% year-over-year to DKK 2.8–2.815 billion; Q1–Q3 2025 revenue was DKK 9,056 million, up 0.7% year-over-year.
Q3 EBITDA margin was 3.9% (4.2% adjusted), compared to 7.1% (5.7% adjusted) in Q3 2024.
Gross margin in Q3 decreased by 0.9 percentage points year-over-year, mainly due to price competition and lack of cyclical inventory gains.
Operating activities generated DKK 64 million in Q3, with continued inventory reduction.
Outlook and guidance
2025 revenue guidance refined to DKK 12.0 billion, EBITDA to DKK 460 million, both at the low end of previous guidance.
Guidance assumes gross margin improvement in Q4, supported by supplier negotiations and portfolio initiatives.
No significant P&L impact expected from Sonepar Norway in 2025; integration synergies expected from late 2026.
2026 EBITDA margin target above 5% is now more challenging due to market conditions and integration effects.
Organic growth expected at approx. -0.5% for 2025, with EBITDA margin at approx. 3.8%.
Market recovery impact on refined EBITDA guidance
Expected financial impact of strategic milestones
What is the plan to address increased gearing?
Detail Q4 gross margin improvement drivers
How will automation/digitalization lower cost to serve
What factors challenge the 2026 EBITDA target
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Latest summaries
- TimeTickerHeadlineOpen
- DHX
2025 revenue reached $128M with a 27% Adjusted EBITDA margin and a $13.5M net loss. - LFVN
Revenue dropped 27.8% year-over-year, but new products and a $60M buyback support future growth. - SNAP
Q4 revenue up 10%, net income $45M, 59% margin, and $500M buyback amid user growth. - WOLF
Q2: $168.5M revenue, 50% AI data center growth, $1.3B cash, and $175M debt repaid. - MC
Record 2025 revenue, margin gains, and $3B capital returned, with strong outlook for 2026. - COST
Net sales rose 9.3% to $21.33B, led by digital and international growth. - ARM
Q3 revenue up 26% YoY, driven by AI, Armv9, and data center growth; margins strong. - STC
Sequential revenue growth, strong cash flow, and narrowed guidance mark Q2 performance. - CENT
Sales fell 6% but margins and EPS held steady; FY26 EPS guidance of $2.70+ reaffirmed. - ASGN
Q4 2025 revenue was $980.1M; Quinnox deal and Everforth rebrand target future growth.
Next Solar earnings date
Q4 20255 Feb, 2026
Solar
Next Solar earnings date
Q4 20255 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Solar is a sourcing and services company that supplies electrical, heating, plumbing, and ventilation products. It serves professional contractors and industrial customers across the Nordic region and the Netherlands. The company is headquartered in Vejen, Denmark, and its shares are listed on the Nasdaq Copenhagen.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage