GARO expands action program in GARO E-mobility, adapts the organization to prevailing market conditions and impairs inventories in the third quarter
GARO can see that the E-mobility market remains cautious and that its recovery is progressing more slowly than anticipated. In light of this, GARO E-mobility is expanding the action program from the spring to make additional annual savings of approximately MSEK 40, with the effects expected to be generated in the first quarter of 2025. Sales of plug-in vehicles have slowed in during 2024. This is impacting demand for charging infrastructure in the short term, even though there is still a widespread underlying need to expand destination charging. The market conditions should gradually