Q2 2025 Solar A/S Earnings Call Transcript
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A warm welcome to this update regarding our guidance for 2025 and also preliminary second Q figures for the Solar Group. Together with me here at our headquarter in Vejen are my colleague, CFO, Michael Jeppesen.
The agenda today would be pretty short. l will give a general update on our guidance and also try to explain why we have adjusted and lowered our guidance for year 2025. Then Michael will take over and give you some more detailed figures as background for our decision. And then, of course, finally, there will be questions and answers.
What we saw was an unexpected market slowdown for especially industry and, to a lesser extent, for Installation. Trade and Climate & Energy delivered growth, driven by mainly Solar Polaris, who are right now building a major solar park project.
[Summarying] up our figures for Q2 and especially July showed disappointing revenue growth in all key markets. In Q2, we, therefore, executed additional staff reduction
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