Solar AS (STU:ZVR)

Q4 2025 Solar A/S Earnings Call Transcript

Feb 5, 2026 / 10:00 AM GMT

Release Date Price: €26.9 (-10.18%)

Transcript

Key Points

Positve

The acquisition of Sonopanol is expected to strengthen Solar AS (FRA:ZVR)'s position in Norway and enhance its distribution network.
Investments in digital transformation are aimed at providing a seamless, future-ready customer experience.
The construction of a state-of-the-art logistics center in Komla, Sweden, is progressing ahead of schedule and will improve service levels.
Solar AS (FRA:ZVR) managed to accelerate the integration of Sonopanol, which is ahead of plan.
The company expects to return to a normal investment level of below 1% of revenue from 2027 onwards, indicating a focus on cost efficiency.

Negative

2026 is expected to be a transition year with restructuring costs diluting the EBITDA margin by approximately 0.7%.
The company faced significant headwinds in 2025, resulting in a revenue decline from 3.2 billion to 3.1 billion.
There is increased uncertainty in 2026, with expectations of stagnant growth in most markets.
The gross margin is expected to decline due to ongoing pressures on sale prices and less favorable inventory gains.
The company's underlying EBITDA performance in 2025 was slightly below the previous year, indicating challenges in reversing competitive pressures.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

SOLARb.CO - Solar A/S
Q4 2025 Solar A/S Earnings Call
Feb 05, 2026 / 10:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by. Welcome to the Solar AS full year report 2025 conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during this session, you will need to press 11 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press 11 again. If you wish to ask a question via the webcast, please use the Q&A box available on the webcast link anytime during the conference.

Please be advised that today's conference is being recorded. I would now like to hand the conference over to your speaker today, Jens Anderson, CEO of the company. Please go

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