Solar A/S SOLAR B.CO · DKK

Industrials · Nasdaq Copenhagen · 🇩🇰 Denmark

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202.50

+1.00%

Close of 9 Nov 2026, in DKK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in DKK, from our data supplier.

FY2025

Revenue

DKK 12.17bn

FY2016FY2025

Net income

DKK 74.0m

FY2016FY2025

Free cash flow

−DKK 136.0m

FY2016FY2025

Shareholders' equity

DKK 1.95bn

FY2016FY2025

Income statement

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Revenue	DKK 12.17bn	DKK 12.22bn	DKK 13.03bn	DKK 13.86bn	DKK 12.35bn	DKK 11.46bn	DKK 11.68bn	DKK 11.10bn	DKK 11.11bn	DKK 11.07bn
Operating income	DKK 131.0m	DKK 342.0m	DKK 575.0m	DKK 939.0m	DKK 692.0m	DKK 520.0m	DKK 453.0m	DKK 424.0m	DKK 247.0m	DKK 240.0m
Net income	DKK 74.0m	DKK 151.0m	DKK 347.0m	DKK 660.0m	DKK 531.0m	DKK 222.0m	DKK 64.0m	DKK 182.0m	DKK 101.0m	DKK 125.0m
Diluted earnings per share	10.02	20.57	47.20	89.98	72.54	30.37	8.77	24.93	13.82	17.10

Balance sheet

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Total assets	DKK 6.30bn	DKK 6.11bn	DKK 6.11bn	DKK 5.90bn	DKK 5.30bn	DKK 4.61bn	DKK 4.99bn	DKK 4.63bn	DKK 4.72bn	DKK 4.51bn
Cash and short-term investments	DKK 133.0m	DKK 459.0m	DKK 441.0m	DKK 166.0m	DKK 481.0m	DKK 404.0m	DKK 56.0m	DKK 65.0m	DKK 77.0m	DKK 343.0m
Total liabilities	DKK 4.30bn	DKK 4.23bn	DKK 4.13bn	DKK 3.97bn	DKK 3.35bn	DKK 2.91bn	DKK 3.40bn	DKK 3.00bn	DKK 3.13bn	DKK 2.82bn
Debt	DKK 1.76bn	DKK 1.69bn	DKK 1.60bn	DKK 1.25bn	DKK 444.0m	DKK 609.0m	DKK 1.06bn	DKK 526.0m	DKK 566.0m	DKK 386.0m
Shareholders' equity	DKK 1.95bn	DKK 1.83bn	DKK 1.93bn	DKK 1.93bn	DKK 1.95bn	DKK 1.70bn	DKK 1.59bn	DKK 1.64bn	DKK 1.59bn	DKK 1.68bn
Shares outstanding	7m	7m	7m	7m	7m	7m	7m	7m	7m	7m

Cash flow

Fiscal years

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Cash from operations	DKK 410.0m	DKK 538.0m	DKK 855.0m	DKK 16.0m	DKK 783.0m	DKK 348.0m	DKK 305.0m	DKK 213.0m	−DKK 1.0m	DKK 219.0m
Capital spending	−DKK 546.0m	−DKK 316.0m	−DKK 272.0m	−DKK 226.0m	−DKK 201.0m	−DKK 56.0m	−DKK 48.0m	−DKK 147.0m	−DKK 147.0m	−DKK 134.0m
Free cash flow	−DKK 136.0m	DKK 222.0m	DKK 583.0m	−DKK 210.0m	DKK 582.0m	DKK 292.0m	DKK 257.0m	DKK 66.0m	−DKK 148.0m	DKK 85.0m
Dividends paid	−DKK 110.0m	−DKK 219.0m	−DKK 329.0m	−DKK 658.0m	−DKK 314.0m	−DKK 102.0m	−DKK 102.0m	−DKK 73.0m	−DKK 88.0m	−DKK 77.0m

Latest quarters

By quarter end

	Jun 2026	Mar 2026	Dec 2025	Sept 2025	Jun 2025	Mar 2025	Dec 2024	Sept 2024
Revenue	DKK 3.44bn	DKK 3.31bn	DKK 3.12bn	DKK 2.81bn	DKK 3.02bn	DKK 3.22bn	DKK 3.23bn	DKK 2.86bn
Operating income	DKK 1.0m	−DKK 16.0m	DKK 87.0m	DKK 29.0m	DKK 26.0m	−DKK 11.0m	DKK 163.0m	DKK 108.0m
Net income	−DKK 27.0m	−DKK 42.0m	DKK 99.0m	DKK 3.0m	−DKK 1.0m	−DKK 27.0m	DKK 51.0m	DKK 78.0m
Diluted earnings per share	-3.40	-5.28	13.40	0.41	-0.14	-3.65	6.95	10.63
Cash from operations	−DKK 267.0m	−DKK 173.0m	DKK 430.0m	DKK 64.0m	DKK 4.0m	−DKK 88.0m	DKK 525.0m	−DKK 196.0m
Capital spending	−DKK 39.0m	−DKK 78.0m	−DKK 131.0m	−DKK 76.0m	−DKK 118.0m	−DKK 152.0m	−DKK 117.0m	−DKK 44.0m
Free cash flow	−DKK 306.0m	−DKK 251.0m	DKK 299.0m	−DKK 12.0m	−DKK 114.0m	−DKK 240.0m	DKK 408.0m	−DKK 240.0m
Total assets	DKK 7.13bn	DKK 6.93bn	DKK 6.30bn	DKK 6.04bn	DKK 6.00bn	DKK 6.40bn	DKK 6.11bn	DKK 6.26bn
Cash and short-term investments	DKK 78.0m	DKK 113.0m	DKK 133.0m	DKK 190.0m	DKK 204.0m	DKK 344.0m	DKK 459.0m	DKK 268.0m
Debt	DKK 2.12bn	DKK 1.77bn	DKK 1.62bn	DKK 1.66bn	DKK 1.61bn	DKK 1.59bn	DKK 1.41bn	DKK 1.63bn
Shareholders' equity	DKK 1.90bn	DKK 1.94bn	DKK 1.95bn	DKK 1.72bn	DKK 1.71bn	DKK 1.74bn	DKK 1.83bn	DKK 1.78bn

Financial ratios

Data as of 2 Nov 2026

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Operating margin	1.5%	2.5%	4.4%	6.4%	5.3%	3.1%
Net margin	0.6%	1.2%	2.7%	4.8%	4.3%	1.9%
Return on equity	3.8%	8.3%	18.0%	34.2%	27.2%	13.1%
Return on assets	1.2%	2.5%	5.7%	11.2%	10.0%	4.8%
Free cash flow yield	64.2%	57.7%	76.1%	16.4%	66.7%	27.4%
Revenue growth	-0.4%	-6.2%	-6.0%	12.2%	7.8%	-1.8%
Earnings growth	-51.0%	-56.5%	-47.4%	24.3%	139.2%	246.9%
Current ratio	1.20x	1.25x	1.31x	1.33x	1.33x	1.35x
Debt to equity	0.75x	0.77x	0.66x	0.51x	0.12x	0.25x
Equity ratio	31.0%	29.9%	31.6%	32.7%	36.8%	36.8%
Interest coverage	1.87x	2.68x	5.42x	20.72x	12.98x	7.64x
Buybacks as a share of market value	-0.7%	0.2%	-0.2%	-0.2%	-0.1%	-0.1%

Growth per year

Compound annual rate

	3 years	5 years	10 years
Revenue	-4.2%	1.2%	1.4%
Operating income	-48.1%	-24.1%	-6.7%
Net income	-51.8%	-19.7%	-7.8%

Average margins

Over each period

	1 year	3 years	5 years	10 years
Operating margin	1.9%	3.9%	4.3%	3.7%
Net margin	0.9%	2.4%	2.6%	2.0%

Valuation history

At each fiscal year end

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Price to earnings	20.2	14.6	9.8	6.9	11.0	11.8	34.1	11.3	29.5	21.1
Price to sales	0.1	0.2	0.3	0.3	0.5	0.2	0.2	0.2	0.3	0.2

Dividends and splits

Per share, in the currency the company pays

Paid for 36 years. Last went ex-dividend on 17 Mar 2025.

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Paid in the year	15.00	30.00	45.00	90.00	43.00	14.00	14.00	10.00

10-for-1 split · 13 Dec 2000
7-for-5 split · 30 Aug 1989

Sources and methodology

Data on this tab: Our data supplier
Chart on the Overview: TradingView

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Solar A/S SOLAR B.CO · DKK

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At a glance

Income statement

Balance sheet

Cash flow

Latest quarters

Financial ratios

Growth per year

Average margins

Valuation history

Dividends and splits

Sources and methodology