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Announcement no . 2 2021 Solar A / S LEI : 21380031XTLI9X5MTY92 Industrivej Vest 43 ■ DK - 6600 Vejen ■ Denmark Tel . +45 79 30 00 00 ■ CVR no . 15 90 84 16 ■ Web : www.solar.eu Annual Report 2020 In 2020 , we achieved a strong EBITA , which exceeded our expectations . At the Annual General Meeting , the Board of Directors will propose a 2020 dividend distribution of DKK 28 per share . CEO Jens Andersen says : " In 2020 , our three - year strategic period came to an end . During this period , we successfully managed to increase EBITA by DKK 145m to DKK 455m and exceeded our target of 4 % EBITA margin for our core business . We conclude the strategic period by proposing dividend payment of DKK 204m in total . We are very pleased with the progress and results delivered in 2020 , and with the launch of our new strategy - CORE + - that will set new standards for the period from 2021 to 2023 . Finally , I want to thank our dedicated and skilled employees . Together , we succeeded in delivering strong results despite the challenges brought about by COVID 19 . We have become stronger as a company and as a group . " Financial highlights ( DKK million ) Revenue EBITDA EBITA Earnings before tax Cash flow from operating activities Financial ratios ( % ) Organic growth adj . for number of working days EBITDA margin EBITA margin Net working capital , period - end / revenue ( LTM ) Gearing ( NIBD / EBITDA ) , no . of times Q4 2020 3,057 191 145 -7 432 -2.1 0.2 2.6 6.2 5.2 4.7 3.7 9.7 11.0 Q4 2019 2020 2019 3,077 11,465 11,679 161 637 538 115 455 360 73 300 120 305 813 300 solar 1.7 11 February 2021 -2.0 5.6 4.0 9.7 0.2 4.9 4.6 3.1 11.0 1.7 1 of 3