Strong growth and improved results
Fourth quarter of 2017 · Net sales increased 19% to MSEK 238.3 (200.9). · EBIT rose 2% to MSEK 30.9 (30.3). · EBIT margin amounted to 13.0% (15.1). · Net income was MSEK 26.0 (21.7). · Earnings per share amounted to SEK 2.60 (2.17). · GARO acquired WEB-EL Försäljning AB in October 2017. · GARO’s expanded factory in Poland was opened in November 2017. Full-year 2017 · Net sales increased 21% to MSEK 796.0 (657.8). · EBIT rose 14% to MSEK 98.1 (86.4*). · EBIT margin amounted to 12.3% (13.1*). · Net income was MSEK 85.6 (66.8*). · Earnings per share