US/UK/Canada

Share

Contacts

  • Helena Claesson

    CFO


    +46 (0)370 33 28 03

    • Links

    Pick a time period -
    Tags ( Active)

    Resolutions at GARO Aktiebolag’s Annual General Meeting 2026

    The Annual General Meeting approved the presented income statements and balance sheets and remuneration report and approved discharge from liability for board members and the managing director. In addition, the following decisions were made. Election of Board of Directors Axel Barnekow Widmark, Kristine Lindberg, Johan Paulsson and Lars Kongstad were re-elected as board members and Jacob Jonmyren and Anna Blomqvist were elected as new board members in accordance with the Nomination Committee’s revised proposal. Axel Barnekow Widmark was re-elected as Chairperson of the board. Fees

    Interim report January - March 2026

    GARO implementing several strategic changes  JANUARY – MARCH 2026 · Net sales amounted to MSEK 246.2 (264.8). · Net sales declined 7% (-9). · Operating EBIT amounted to MSEK -13.3 (0.4). · Operating EBIT margin amounted to -5.4% (0.1). · EBIT amounted to MSEK -13.3 (-2.5). · Cash flow from operating activities amounted to MSEK -7.5 (0.5). · Net income was MSEK -16.9 (0.3). · Earnings per share amounted to SEK -0.34 (earnings: 0.01). SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER · Joe Ree was appointed as Interim President and CEO until Tobias Byfeldt

    GARO implements organizational change for increased efficiency and stronger customer focus

    As part of the long-term strategy for increased competitiveness and long-term profitability, GARO has decided to carry out a restructuring of the Swedish organization. The change will create clearer responsibilities, more efficient working methods and a closer relationship with the company's customers and markets. Among other things, GARO will open new sales channels to markets, which also includes the establishment of a European export function.  The restructuring will give it a simplified organizational structure with an increased focus on its core business. Through clearer roles and

    GARO launches new installation tools for GARO Entity

    GARO is now launching new digital installation tools for the GARO Entity charging station. The release includes the new GARO Entity Installer app as well as a web tool that together makes installation easier, faster, and more structured for installers. The new tools have been developed based on feedback from installers and real-world installations in the field. The tools provide a more user-friendly and efficient workflow that supports the entire process — from planning to commissioning. Installers can plan the system in advance and then follow a clear installation guide in the app on

    GARO consolidates production and strengthens its Swedish operations

    GARO consolidates production to SwedenAs part of the long-term strategy for increased efficiency and competitiveness, GARO has decided to move its production from Poland to Gnosjö/Hillerstorp, to consolidate and streamline operations. A unified production in Sweden strengthens GARO's industrial structure with clear economies of scale and more efficient processes through better capacity utilization, shorter lead times and increased coordination between development, production, sales and other functions. All in all, this gives GARO better flexibility to meet future growth and market

    GARO signs five-year framework agreement with the Swedish Transport Administration

    GARO has signed a five-year framework agreement with the Swedish Transport Administration (Trafikverket) for the supply of low-voltage connection equipment to Sweden’s railway infrastructure. The total contract value amounts to approximately SEK 50 million over the contract period. The agreement covers deliveries of connection equipment used in Trafikverket’s railway facilities across the country. The product range includes, among other things, fuse and distribution enclosures as well as junction boxes—components that play a central role in ensuring the safe and reliable operation of the

    Presentation of the interim report January - March 2026 on May 13

    GARO will publish its report for the first quarter 2026 at 14.00 CET on May 13. Conference call at 15.00 CETThe company will host a conference call at 15.00 CET the same day. The conference will be hosted by Joseph Ree, acting President & CEO and Helena Claesson, Chief Financial Officer. Dial in numbers:Sweden: +46 10 884 80 16International: Dail-In numbers ID number (access code): 70 95 90 The presentation material will be published at www.garo.se prior to the conference call. The conference will also be

    GARO implements strategic corporate consolidation

    GARO is carrying out a strategic consolidation in which three of the Group's current operations are brought together in a joint company. This is done by consolidating the companies GARO Elflex and GARO Montage into GARO AB. The new structure means, among other things, shorter lead times, more efficient logistics flows and easier contact routes for customers and partners.  The consolidation also creates opportunities for synergies in both production, purchasing and administration. With improved process flows and increased operational efficiency, GARO's market position and long-term

    Revised proposal by the Nomination Committee regarding the Board of Directors

    The Nomination Committee has been informed that Rickard Blomqvist, due to personal reasons, no longer is available for re-election and has therefore revised its proposal regarding election of the Board of Directors ahead of the 2026 Annual General Meeting. All other proposals remain unchanged. The Nomination Committee’s revised proposal entails that the Nomination Committee proposes re-election of Axel Barnekow Widmark, Kristine Lindberg, Johan Paulsson and Lars Kongstad, and new election of Jacob Jonmyren and Anna Blomqvist. Further information regarding Anna Blomqvist is provided below.

    GARO's Annual Report for 2025

    GARO today published its annual report for 2025. Joe Ree, Interim President and CEO, summarizes the year: “GARO’s 2025 was a year characterized by global uncertainty, which led to a decline in demand and challenging conditions. Important efforts were made to strengthen our financial and operational position. We improved our cash flow by reducing tied-up capital in our inventories and by streamlining our range and prioritizing products with stable demand and clear customer benefit.” The Annual Report is available at www.garogroup.se  The financial year

    GARO launches new user app and web tool for GARO Entity charging stations

    GARO is now launching GARO Entity User – a brand‑new app that provides EV drivers with an even better charging experience through a new digital platform featuring intuitive design, enhanced stability, and faster response times. At the same time, system owners of larger installations gain access to a new web tool offering more efficient administration, clearer system‑wide overview of all charging stations, improved reporting capabilities, and more detailed historical data. “We have listened closely to our users and taken their valuable feedback to heart. That is why we have developed GARO

    Notice to the Annual General Meeting in GARO Aktiebolag (publ)

    The shareholders of GARO Aktiebolag (publ) (“GARO” or the “Company”), Reg. No. 556051-7772, are hereby invited to attend the Annual General Meeting (the “AGM”) to be held at 5 p.m. CEST on 13 May 2026 at the Company’s premises on Järnvägsgatan 35 in Hillerstorp, Sweden. Registration will commence at 4 p.m. CEST. A. RIGHT TO PARTICIPATE IN THE AGM A person who wishes to participate in the AGM must: firstly, be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on 5 May 2026, and secondly, notify the

    Year-end report 2025

    Stability in GARO Electrification and continued challenges in GARO E-mobility – action initiated. OCTOBER - DECEMBER 2025 · Net sales amounted to MSEK 261.0 (283.8). · Net sales declined 8% (-9). · Operating EBIT amounted to MSEK -4.9 (3.3). · Operating EBIT margin amounted to -1.9% (1.2). · EBIT amounted to MSEK -4.9 (3.3). · Cash flow from operating activities amounted to MSEK 37.0 (37.4). · Net income was MSEK -4.4 (-1.3). · Earnings per share amounted to SEK -0.09 (-0.03). JANUARY – DECEMBER 2025 · Net sales amounted to MSEK 1,043.5 (1,152.0). ·

    Presentation of the full year-report 2025 on February 19

    GARO will publish its full year-report 2025 at 08.30 CET on February 19. Conference call at 09.30 CETThe company will host a conference call at 09.30 CET the same day. The conference will be hosted by Helena Claesson, Chief Financial Officer. Dial in numbers:Sweden: +46 10 884 80 16 International: Dail in numbers  ID number (access code): 68 80 86 The presentation material will be published at www.garogroup.se prior to the conference call. The conference will also be audio webcasted in “listen-only” mode at

    Change in GARO’s Nomination Committee ahead of the 2026 Annual General Meeting

    The composition of GARO’s Nomination Committee ahead of the 2026 Annual General Meeting was announced in a press release on 17 October 2025. Since then, the composition of the Nomination Committee has changed, with Rickard Blomqvist leaving the Nomination Committee and Volador AB appointing Lars Kongstad as a new member in his place. After the change, the Nomination Committee ahead of the 2026 Annual General Meeting consists of the following members: · Niklas Bogefors, appointed by Lars Svensson’s estate · Tomas Risbecker, appointed by Svolder AB · Lars Kongstad, appointed by

    GARO appoints Joe Ree as Interim President and CEO

    GARO has appointed Joe Ree as Interim President and CEO from January 15 until Tobias Byfeldt assumes the position. Joe Ree is currently Chief Operating Officer and a member of the Group Management. For many years, Joe has also served as CEO for GARO Ireland and has played a key role in strengthening GAROs market position and driving growth in Ireland. Joe has previously held several other senior positions within the GARO Group and is therefore very familiar with the organization. ”With his operational understanding of the business and strong market focus, Joe Ree is a natural choice

    GARO appoints Tobias Byfeldt as new President and CEO

    GARO has appointed Tobias Byfeldt as its new President and CEO. Tobias most recently held the position of Business Area Director for PIAB Group’s Lifting Automation Division, which is part of the Investor-owned Patricia Industries. Tobias will assume the role of President and CEO as soon as possible, but no later than within six months.    Tobias holds a Master of Science in Engineering from Chalmers University of Technology and has previously, during his career, served as CEO of Kollmorgen Automation AB, as well as Vice President at Regal Rexnords Division Autonomous Mobile Solutions

    Interim report January - September 2025

    Stronger cashflow and continued focus on path towards sustained recovery JULY - SEPTEMBER 2025 · Net sales amounted to MSEK 251.3 (269.4). · Net sales declined 7 percent (-11). · Operating EBIT amounted to MSEK 2.5 (0.4). · Operating EBIT margin amounted to 1.0 percent (0.1). · EBIT amounted to MSEK -1.6 (-48.0) · Cash flow from operating activities amounted to MSEK 11.0 (-20.1). · Net income was MSEK –4.5 (-41.9). · Earnings per share amounted to SEK -0.09 (-0.84). JANUARY - SEPTEMBER 2025 · Net sales amounted to MSEK 782.5 (868.3). · Net sales

    Roger Törnberg appointed as Business Development Director

    A key recruitment focused on long-term growth and stronger customer relationships.GARO welcomes Roger Törnberg as the new Business Development Director. In his new role, he will play a key part in strengthening collaboration between GARO, wholesalers, and installers, with the goal of further reinforcing GARO’s position as the installer’s first choice, both for individual components and complete power supply solutions.   With over 30 years of experience in leading positions at Sonepar/Elektroskandia, Roger brings a solid understanding of the market, from wholesalers’ purchasing

    Presentation of the interim report January - September 2025 on November 14

    GARO will publish its report for the third quarter 2025 at 08.30 CET on November 14   Conference call at 09.30 CET The company will host a conference call at 09.30 CET the same day. The conference will be hosted by Jonas Klarén, President & CEO and Helena Claesson, Chief Financial Officer.   Dial innumbers:Sweden: +46 10 884 80 16International: Dail in numbers ID number 63 12 81(access code):   The presentation material will be published at www.

    Nomination Committee ahead of the 2026 Annual General Meeting appointed

    Nomination Committee ahead of the 2026 Annual General Meeting appointed   In accordance with the guidelines adopted at the Annual General Meeting on 14 May 2025, GARO has established a Nomination Committee. The Nomination Committee shall prepare and submit proposals to the 2026 Annual General Meeting concerning: · the Chairperson of the Annual General Meeting · the number of Board members and candidates for the position of Chairperson and other members of the Board of Directors; · the election and remuneration of the company’s auditor; · fees for the members of the Board

    Jonas Klarén will leave his position as President and CEO of GARO at the end of January 2026

    Jonas Klarén has resigned from GARO as he has been offered a position as CEO of Assemblin El. Jonas will remain in his position as President and CEO of GARO until the end of January 2026 and thereafter assist with the handover to the new CEO.   "I love GARO and have really appreciated the time and colleagues at GARO. I see great potential for GARO to continue growing within power supply and electrification in the coming years. But sometimes it happens that you get an offer that simply cannot be refused, no matter how difficult the decision is," says Jonas Klarén.   "As

    Group Management acquires warrants in GARO

    As of September 1, members of Group Management have acquired a total of 225,000 warrants in GARO AB. Joe Ree, COO and Paul Fox, CTO have acquired 100,000 warrants each, and Helena Claesson, CFO has acquired 25,000 warrants.   The acquisition of the warrants has been made in accordance with GARO's warrant program 2025/2028 resolved at the annual general meeting on May 14 and at market value calculated by independent valuation agencies. The price of the warrant has been set at SEK 3.95.   Each warrant entitles the holder to subscribe for one (1) new ordinary share in GARO no

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe