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Solar A/S
Industrivej Vest 43
VEJEN, 6600  Denmark Ticker: SOLAR BSOLAR B
Business Summary
Solar A/S is a Denmark-based company engaged in the distribution of electrical, heating, plumbing and ventilation components. The Company’s sales are divided into industry segment and contractor segment. The Company offers, among others, lightning, boilers and radiators, water heaters, heat pumps, switches and socket outlets, detection and push buttons, fans and air handling units, solar heating units, fire alarm systems, contactors, and cables for building, marine and offshore, and telecommunications industries. The products are distributed through a network of centrally located branches, drive-ins supporting the central warehouses and through an online channel. Apart from this, it sells accessories for consumer electronics through Aurora Group A/S. Solar A/S operates a number of subsidiaries in Denmark, Faroe Islands, Sweden, Norway, the Netherlands, Belgium, Poland and Austria. It operates, among others, through MAG45, an integrated supply company.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes----

Industries
SIC Code Description
5063 Electrical apparatus and equipment, wiring supplies, and construction
5074 Plumbing and heating equipment and supplies (hydronics)
5075 Warm air heating and air-conditioning equipment and supplies
5087 Service establishment equipment and supplies
5065 Electronic parts and equipment, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Chairman of the Board Michael T.Andersen 63 3/18/2022 3/19/2021
Chief Executive Officer, Managing Director - Denmark, Member of the Executive Board Jens E.Andersen 56 10/8/2017 3/25/2010
Vice Chairman of the Board Jesper D.Jensen 56 3/15/2019 3/17/2017
12 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
MAG45 B.V. De Schakel 20 Eindhoven Netherlands
Nordisk Solar Compagni A/S Haderslevvej 25 Kolding Denmark
SOLAR NEDERLAND B.V. ROOSENDAAL NLD
SOLAR DENMARK A/S INDUSTRIVEJ VEST 43 VEJEN DK
MAG45 Sp.Z.o.o. Ul. Kossaka 110 Pila Wielkopolskie Poland

Business Names
Business Name
0G33
Eltomont
Euro Business School AS
9 additional Business Names available in full report.

General Information
Number of Employees: 2,990 (As of 12/31/2023)
Outstanding Shares: 7,303,187 (As of 12/31/2023)
Shareholders: 7,184
Stock Exchange: CPH
Fax Number: +45 75522684


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Wednesday, April 24, 2024