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Quarterly Report Q3 2018:
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Annual Report 2017:


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Investing in Solar is investing in a sharp customer focus

Investing in Solar is first and foremost investing in a sharp customer focus. We believe in productivity improvement, digitalisation and networked development

Read more about investing in Solar
Corporate Social Responsibility Ethical business and sustainable development

We see CSR as a natural part of our way of doing business. We're a registered partner to the UN’s Global Compact and committed to honouring its 10 principles. Furthermore, we're part of the Carbon Disclosure Project with an aim to reduce CO2 emissions. And our long-term partnership with the SOS Children Villages brings the benefits of solar power and clean energy technologies to one of the poorest countries in Africa.

Read more about our CSR activities

Solar equity story

Get a quick overview of our value drivers and current financial figures

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Investor portal

If you're an investor you can register your email address, see your holding of shares, and sign up for annual general meetings etc.

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Financial targets

Learn more about our financial targets and our strategy in general

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Investor contact

We are happy to answer any investor-related questions or inquiries by phone or email

Charlotte Risskov Kræfting
Director, Stakeholder Relations
(+45) 79 30 02 57

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Financial calendar 2019

1 Feb Shareholders’ deadline for submitting proposals for the agenda for the annual general meeting
7 Feb Annual Report 2018 is published - audiocast at 11:00 am CET
15 Mar Annual general meeting at 11:00 am CET
8 May Quarterly Report Q1 2019 is published - audiocast at 11:00 am CET
8 Aug Quarterly Report Q2 2019 is published - audiocast at 11:00 am CET
31 Oct        Quarterly Report Q3 2019 is published - audiocast at 11:00 am CET

IR quiet periods 2019

Start date   End date
10 January - 7 February
4 April - 8 May
4 July - 8 August
4 October - 31 October

Financial highlights

Figures from Annual Report 2017

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Quarterly figures

Figures from Q3 2018

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Corporate governance

We exercise sound management, transparency for shareholders and other stakeholders as well as efficient risk management

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Return per share

Return per share of nominally DKK 100

Share price increase 157.86 31.57 52.72 -69.89
Dividends distributed 47.65 9.53 12.00 10.00
Return 205.51 41.10 64.72 -59.89


The following analysts cover Solar’s shares:

Carnegie Bank A/S
Alexander Borreskov
Phone: +45 32 88 04 63
E-mail: alexander.borreskov@carnegie.dk 

Danske Bank A/S
Kristian Tornøe Johansen
Phone: +45 45 12 80 59
E-mail: kjoha@danskebank.dk

Nordea Bank A/S
Hans Gregersen
Phone: +45 33 33 42 39
E-mail: hans.gregersen@nordea.com

Yiwei Zhou
Phone: +45 33 28 33 08
E-mail: yiwei.zhou@seb.dk




Solar's shares

Solar’s share capital is divided into nominal value DKK 90 million A shares and nominal value DKK 685 million B shares.

The A shares are not listed. The B shares are listed on Nasdaq Copenhagen under the ID code DK0010274844 and designated SOLAR B. They form part of the MidCap index and MidCap on Nasdaq Nordic.

The share capital includes 900,000 A shares and 6,845,625 B shares. Solar’s portfolio of treasury shares totalled 447,333 B shares or 5.8% of share capital as at 30 September 2018.

A shares have 10 votes per share amount of DKK 100, while B shares have 1 vote per share amount of DKK 100.

Distribution of share capital and votes
as at 30 September 2018

  Share capital Votes
The Fund of 20th December
Vejen, Denmark
16.0% 58.1%
RWC Asset Management LLP
London, England
12.6% 6.2%
Chr. Augustinus Fabrikker A/S
Copenhagen, Denmark
10.3% 5.0%
Nordea Funds Oy, Danish Branch*
Copenhagen, Denmark
10.3% 5.0%
Solar A/S
Vejen, Denmark
5.8% 2.8%
FIL Limited**
Pembroke, Bermuda
5.0% 2.5%

*Cf. company announcement no. 19 2018, dated 5 November 2018, which is the latest public information.

**Cf. company announcement no. 20 2018, dated 3 December 2018, which is the latest public information.