About Solar EU
Solar EU is a company based in Vejen (Denmark) founded in 1919. The company has 2,900 employees. Solar EU has completed 3 acquisitions, including Hojager Belysning, MAG45 and Thermonova.
- Annual Revenue$1.91 B (USD)-0.43as on Dec 31, 2025
- Net Profit$11.64 M (USD)-50.99as on Dec 31, 2025
- EBITDA$75.04 M (USD)-19.15as on Dec 31, 2025
- Latest Funding Round$9.11M (USD), Post-IPO
Nov 2019
- Employee Count2,900
- Investments & AcquisitionsHojager Belysning
& 2 more
Apps and channels of Solar EU
Solar EU publishes 1 mobile app with over 50K+ downloads.
Funding Insights of Solar EU
- Total Rounds 1
- Last Round Post-IPO — $9.11M
- First Round $9.11M
(Nov 2019)
All 1 funding rounds of Solar EU with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2019 | $9.11M | Post-IPO | – | – | – |
People of Solar EU
114 people are tracked at Solar EU (16 in leadership, 10 in board & advisors, 88 in team); the tracked headcount is 2,900.
| Name | Role | Group |
|---|---|---|
Jens Andersen | CEO | Leadership |
Ajai Kumar Singh | General Manager | Leadership |
Michael Jeppesen | Executive Director & CFO | Leadership |
Thomas Skovli | Vice President Installation & Special Sales | Leadership |
Jacob Horn | Commercial Services Director | Leadership |
Brian Jensen | VP Operations, Material Planning | Leadership |
Kasper Eugen Hansen | Vice President - Group Reporting, Analytics & Bi/big Data | Leadership |
Emil Lauritsen | Director, Central Finance | Leadership |
Michael Beier Tkacz | Director, Technology & Architecture | Leadership |
Christoffer Tidemand | Head Of Sourcing Exellence | Leadership |
Jonas Widström | VP Operations Sweden | Leadership |
Thomas Theet Rasmussen | Director Of Credit Management | Kreditdirektør | Leadership |
Jacques Boon | Supply Chain Director | Leadership |
Kristian Duch | Vice President Operations | Leadership |
Dennis Callesen | Investor Relations Director | Leadership |
Peter Hem | Vice President | Leadership |
Rune Jesper Nielsen | Director | Board & advisors |
Morten Chrone | Board Member | Board & advisors |
Denise Goldby | Director | Board & advisors |
Michael Troensegaard Andersen | Chair | Board & advisors |
94 more people are available in the full profile.
Complete people profiles for Solar EU
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Solar EU
Solar EU is a publicly listed company on the OMXCOP with ticker symbol SOLAR_B in Denmark, operating in the Industrial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date12 Jun 2018
- Listed onNASDAQ OMX: SOLAR B
- Listed entitySolar A/S Class B
- Exchange sectorIndustrial services
- ISINDK0010274844
- Share price189.00 DKK (-0.21% on the day) · 2026-10-12
- Market capitalisation1,505,576,004.00 DKK
- Price to earnings36.8
- EPS (diluted, trailing year)5.13 DKK
- Volume (last session)3,673
Financials of Solar EU
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 12.17B DKK | 74.0M DKK | 477.0M DKK |
| 2024 | 12.22B DKK | 151.0M DKK | 590.0M DKK |
| 2023 | 13.03B DKK | 347.0M DKK | 872.0M DKK |
| 2022 | 13.86B DKK | 660.0M DKK | 1.18B DKK |
| 2021 | 12.35B DKK | 531.0M DKK | 904.0M DKK |
Detailed financial statements for Solar EU
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Solar EU
Solar EU has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Hojager Belysning, MAG45 and Thermonova.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Modular heat pumps and energy solutions are provided for commercial and industrial sectors across Europe. | thermonova.dk | – | 0 | Mar 2023 | •••• | |
Wholesale of lighting products is handled in Denmark. | hojagerbelysning.dk | Harlev, Denmark | 1983 | Mar 2022 | •••• | |
Natural gas is distributed to residential and business customers. | mag45.com | Eindhoven, Netherlands | 1948 | Feb 2016 | •••• |
Complete acquisition details for Solar EU
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Solar EU
6 dated milestones of Solar EU across 104 years, from founding to its latest funding, stage changes and deals.
- Founded Solar EU is founded.
- Acquisition Acquires MAG45.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round of $9.1M.
- Acquisition Acquires Hojager Belysning.
- Acquisition Acquires Thermonova.
Web traffic of Solar EU
The website of Solar EU (solar.eu) receives about 38.8K visits a month.
- Monthly visits38.8K
▼ 1.5% vs previous month
Websites whose visitors overlap most with Solar EU. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
performanceinlighting.com | performanceinlighting.com | 100% | – | #584,093 | – |
| erco.com | 99% | – | #285,496 | View details | |
| forcetechnology.com | 60% | 52.3K | #599,275 | View details |
Latest news on Solar Eu
Complete news archive for Solar EU
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Solar EU
10 companies that operate in the same segment as Solar EU (Utilities & Public Infrastructure), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electric power is generated and distributed across Saudi Arabia. | 2000 | Riyadh, Saudi Arabia | – | – | 28,414 | |
Integrated solutions for energy generation and sustainability are provided. | 1992 | Bilbao, Basque Autonomous Community, Spain | – | USD 51.63 B | 42,250 | |
Clean energy solutions for generation, retail, and heating are provided. | 1998 | Espoo, Finland | – | USD 5.86 B | 4,470 | |
Energy corporation | 2000 | Sydney, New South Wales, Australia | – | USD 10.63 B | 5,000 | |
Renewable energy production and supply services are provided by EnBW. | 1997 | Karlsruhe, Baden-wurttemberg, Germany | – | USD 40.41 B | 30,390 | |
Electricity generation and distribution are provided in eastern India. | 1879 | Kolkata, West Bengal, India | – | USD 1.98 B | 5,690 | |
Power is generated, transmitted, and distributed across Parana, Brazil. | 1954 | Curitiba, Parana, Brazil | – | USD 3.66 B | 4,400 | |
Electricity utilities are operated across Indonesia by PLN since 1945. | 1945 | Jakarta, Jakarta, Indonesia | – | – | – | |
Electrical products and services are distributed globally by Rexel. | 1967 | Paris, France | – | USD 22.81 B | 27,030 | |
Avista Utilities is engaged in providing energy services. | 1889 | Spokane, Washington, United States | USD 7.5 M | – | – |
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Frequently Asked Questions about Solar EU
Solar EU was founded in 1919 and raised its 1st funding round 100 years after it was founded.
Solar EU is headquartered in Vejen, Denmark.
Jens Andersen is the current CEO of Solar EU.
Solar EU has 2,900 employees.
Annual revenue of Solar EU is $1.91B as on Dec 31, 2025.
Solar was founded in 1919 and is based in Vejen, Denmark. Sourcing and services in the electrical, heating, plumbing, and ventilation segments are managed by the company. Operations are centered on these sectors, with a focus on European activities as shown by the domain solar.eu. Leadership is provided by CEO Jens Andersen.
Yes, Solar EU is publicly traded on OMXCOP under the ticker symbol SOLAR_B.
Solar EU has made 3 acquisitions, including Hojager Belysning, MAG45, and Thermonova.
Yes. Solar EU publishes Solar Mobile, with over 50,000 downloads.