Q4 2024 Solar A/S Earnings Call Transcript

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Feb 06, 2025

Feb 06, 2025 / 10:00AM GMT
Jens Andersen - Solar A/S-Chief Executive Officer - Managing Director - Denmark, Member of the Executive Board

A warm welcome to this fourth quarter webcast for the Solar Group together with me here, I have my colleague, CFO Michael H. Jeppesen and our investor relations director, Dennis Kerrison.

The agenda for today is a general business update with some highlights for 2024, presented by me, then I will give you some insights to our customer segments development for year 2025, or at least our expectations including some comments to our revised ambitions towards 2026, Michael will then present our 4Q results including cash flow status and [that's] what also some financial comments to our results for year 2024 and the guidance for 2025, last but not least if any, there will be a question and answer session.

If we turn to the highlights, our guidance for 2024, assumed that all segments will show negative growth with recovery, gaining ground at the end of the year. However, recovery was slower and less robust than expected.

Consequently,

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