New organization and structures are not yet effective

Solar from Denmark complains that the changes in distribution structures in Sweden and Norway are.........

not yet effective and that therefore have been slight shifts in sales and earnings in the third quarter and it will take still some time until the expected recovery shows positive results.

Sales in the third quarter of 2018 amounted to DKK 2,546 m (EUR 341 m); a minus of 2.2%. For the 9 months, sales in 2018 were DKK 8.118 m (EUR 1.088 m); a slight minus of 0.1%.

Profit before tax from January to September was DKK 172 m (EUR 23 m), 20.4% down on the same period of the previous year.

Full-year sales are expected to reach DKK 11,100 m (EUR 1,488 m), an increase of approx. 2%.