Interim report
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12 August 2021 Announcement no . 16 2021 IN Q2 SOLAR DELIVERED AN EBITDA INCREASE OF 66 % In July , revenue and EBITDA guidance were revised upwards by DKK 350m and DKK 100m to DKK 12,100m and DKK 825m , respectively , see announcement no . 15 . CEO Jens Andersen says : " We delivered our second upward guidance revision just six months into our Core + strategy period . All our four strategic focus areas are showing traction across markets and have contributed significantly to the strong results . We see strong performance within all our segments . We are particularly satisfied with our Industry segment where OEM and MRO are picking up . At the same time , our concept share of revenue has increased a new all - time high of 22 % . We see strong performance in all our markets especially in Solar Nederland that achieved a concept share increase of more than 2 % -points . We distributed extraordinary dividends of DKK 110m to our shareholders , whereby the total dividend payment year to date was DKK 314m corresponding to DKK 43 per share of DKK 100 . The impressive results could not have been achieved without the dedicated and hard work by our employees , whom I want to thank they are the foundation for our success . " Solar A / S LEI : 21380031XTLI9X5MTY92 Industrivej Vest 43 , DK - 6600 Vejen , Denmark Tel . +45 79 30 00 00 CVR no . 15 90 84 16 www.solar.eu Q2 key financial messages EBITDA margin up by 2.2 % -points , almost 50 % increase One - off price effects resulted in a positive impact of approx . DKK 30m of the gross profit , corresponding to a gross profit margin improvement of approx . 1 % -point 2021 guidance : Revenue of DKK 12,100m and EBITDA of DKK 825m Return on invested capital ( ROIC ) increased to 21 % from 10 % ● Financial highlights ( DKK million ) Revenue EBITDA Cash flow from operating activities Financial ratios ( % ) Organic growth adj . for number of working days EBITDA margin Net working capital , end of period / revenue ( LTM ) Gearing ( NIBD / EBITDA ) , no . of times Return on invested capital ( ROIC ) Q2 2021 Q2 2020 3,098 211 351 8.6 6.8 10.9 0.4 21.0 2,745 127 282 solar -1.6 4.6 11.9 1.5 10.2 H1 2021 6,102 415 263 3.8 6.8 10.9 0.4 21.0 H1 2020 5,790 269 239 0.0 4.6 11.9 1.5 10.2