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Correction of information to press release regarding the year-end report 2021

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In connection with GAROs press release today at 08.30 CET, regarding our upcoming presentation of the year-end report for 2021, it was stated in the footer that GAROs sales for the full-year 2021 amounted to SEK 1,296 million. GARO hereby confirms that sales for 2021 amounted to SEK 1,296 million. Furthermore, the financial information regarding the fourth quarter and the full year 2021 will be published on February 23rd at 08.30 as earlier communicated.

For more information, please contact:

Helena Claesson, Chief Financial Officer +46 (0)70 676 07 50

This information is such information that GARO aktiebolag is obligated to publish in accordance with the EU Market Abuse Regulation. The information was published by the abovementioned contact persons on February 16, 2022, at 13.45 CET.

GARO AB (publ) Corp. Reg. No. 556071–7772 is a company that develops, manufactures and markets innovative products and systems for the electrical installations market under its own brand. GARO’s customer offering is to provide complete solutions in the product areas of Electrical distribution products, E-mobility, Project business & Temporary Power with a focus on electrical safety, user-friendliness and sustainability. GARO was founded in 1939, has its head office in Gnosjö and is today an international company with operations in six countries with around 500 employees. The company’s production units in Sweden are located in Gnosjö and Värnamo, as well as in Szczecin, Poland. GARO’s sales in 2021 amounted to MSEK 1,296. GARO is listed on Nasdaq Stockholm under the ticker name GARO. For more information, see www.garo.se


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