Interim report January - March 2024
Challenging market conditions in Sweden – action program completed JANUARY - MARCH 2024 · Net sales amounted to MSEK 292.5 (370.3). · Net sales declined 21% (-3). · EBIT amounted to MSEK -6.7 (27.8). · EBIT margin amounted to -2.3% (7.5). · Net income was MSEK -8.1 (20.7). · Loss per share amounted to SEK -0.16 (earnings: 0.41). SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER · During the quarter, the announced action and efficiency program was completed, resulting in 40 redundancies in the Group. · GARO E-mobility reported sales growth of 15% outside the