Financial highlights 4

Business update 5

Financial review 6

Our segments 9

Guidance 2024 11

Shareholder information 12

1. Reserves for hedging transactions and reserves for foreign currency translation adjustments are recognised in the balance sheet as a total amount under reserves.

1. Reserves for hedging transactions and reserves for foreign currency translation adjustments are recognised in the balance sheet as a total amount under reserves.

prepared in accordance with IAS 34

“Presentation of interim reports” as

50-52 as well as of relevant, supplementary

notes. In the financial report, income tax

has been calculated on the basis of pre-tax

Additional accounting policies applied

As the Group has started construction

activities in Q3 2024, the following

accounting policies are applied:

recognized over time based on the stage of

completion of the individual contract at the

balance sheet date (the percentage of

completion method).

If a sufficiently reliable estimation of the

outcome of a construction contract cannot

be made, revenue corresponding to the

contract expenses incurred during the

construction contract is measured at the

selling price of the work performed up until

the balance sheet date (percentage of

completion method) less the on account

invoicing and write-down for expected

credit losses.

The selling price is measured on the basis

of the stage of completion at the balance

sheet date and the total expected revenue

on the individual construction contract.

products, while Industry covers industry, offshore and marine, and utility and infrastructure. Trade

attributable to the individual segment and any items that can be reliably allocated to the individual

Solar A/S primarily operates on the Danish, Swedish, Norwegian and Dutch markets. In the below

been made based on the products’ place of sale.