Our strategic sourcing and services approach
• Solar is a leading European sourcing and services company mainly within electrical, heating and plumbing as well as ventilation, climate and energy solutions.
• Our strategy is to deliver the right products at the right price in a way which makes our customers more productive.
• We serve installation customers on both smaller maintenance and repair jobs and on larger renovation and construction projects as well as industry customers on maintaining their production facilities.
• Digital is in our DNA, and we have led our industry in terms of digital catalogues, e-business and digitalisation for decades.
• Our objective is to drive best in class organic growth and earnings, through a relentless focus on customer productivity and satisfaction combined with strong operational excellence.
Financial targets
| Financial ratios | Financial targets1 | |
|---|---|---|
| Growth Core business | We aim to generate profitable growth above market levels | |
| Growth Related business | Organic growth of minimum 15% per year | |
| EBITA Core business | Minimum 4% by 2020, corresponding to a ROIC of minimum 15% after tax | |
| Equity ratio | 35-40% | |
| Gearing (NIBD/EBITDA) | 1.5-2.5 | |
| Payout ratio | 35-45% |
1. If the implementation of new accounting standards entails changes, the target will be recalculated.
The story of Solar
Growth has been at the core of our strategy since our very foundation in 1919. Learn more about our journey here
Curious about what Solar has to offer?
From easy ordering, flexible delivery to technical support and project management, we offer you a wide range of solutions. Discover them all here, and learn how we add value to our customers' businesses