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    Resolutions at GARO Aktiebolag’s Annual General Meeting 2020

    At the Annual General Meeting of GARO Aktiebolag held on May 19, 2019, the following was resolved.Election of Board of DirectorsStefan Jonsson (Chairman), Rickard Blomqvist, Susanna Hilleskog, Mari-Katharina Jonsson Kadowaki and Lars-Åke Rydh were re-elected and Ulf Hedlundh was elected as new member of the Board. Per Holmstedt had declined re-election. Fees to the Board of DirectorsIt was resolved that Board fees shall be unchanged and be paid by SEK 470,000 to the Chairman of the Board and SEK 210,000 to each of the Board members elected by the AGM. It was further resolved that

    INTERIM REPORT JANUARY - MARCH 2020

    Press release 19 May 2020(Interim report January – March 2020 is distributed as an appendix to this press release) JANUARY – MARCH 2020 · Net sales amounted to MSEK 248.3 (248.4). · EBIT amounted to MSEK 18.8 (29.2). · EBIT margin amounted to 7.6% (11.7). · Negative currency effects of MSEK -6.5 (-0.6) were charged to EBIT. · Net income was MSEK 14.6 (24.8). · Earnings per share, before and after dilution, amounted to SEK 1.46 (2.48). SIGNIFICANT EVENTS DURING AND AFTER THE END OF QUARTER · In February, an in-house fastcharger, GARO Fast Charger, was launched.

    GARO signs agreement with Vattenfall for delivery of charging boxes in Europe

    GARO has today signed a framework agreement with the energy company Vattenfall regarding delivery of the smart charging box GLB+. The agreement covers Norway, the Netherlands, the UK and Sweden, which are strategically important markets for GARO. The framework agreement runs for 18 months, after which it can be extended for up to two more years. “Vattenfall has ambitious plans to continue enabling the transition to electric powered transport by steadily growing with partners and expanding the charging infrastructure in northwestern Europe. As one of the leading manufacturers of charging

    Interim report April - June 2019

    (Interim report April - June 2019 is distributed as an appendix to this press release)  APRIL–JUNE 2019 · Net sales increased 15% to MSEK 246.7 (214.2). · EBIT rose 5% to MSEK 24.0 (22.8). · EBIT margin amounted to 9.7% (10.6). · Net income was MSEK 18.4 (15.4).  · Earnings per share, before and after dilution, amounted to SEK 1.84 (1.54). JANUARY–JUNE 2019 · Net sales increased 18% to MSEK 495.1 (421.2). · EBIT rose 11% to MSEK 53.1 (47.9). · Net income was MSEK 43.3 (34.5). · Earnings per share, before and after dilution, amounted to SEK 4.33 (3.45).

    GARO has delivered high-power DC chargers to Volvo Cars' test operations

    GARO AB has delivered high-power chargers to Volvo Cars' test operations comprising 12 DC stations of various types and functions.The chargers contain the latest technology with the possibility of very high power output. The charging stations are intended for Volvo Cars' test operations and have been installed in both the Gothenburg area and at a winter test site in Norrland in northern Sweden.GARO has a strong position in EV charging infrastructure and has a complete range of fast-chargers, semi-fast chargers and home chargers. The expansion of charging infrastructure is continuing in

    GARO to deliver chargers to the municipality of Falun

    Following a procurement process for charging posts, the municipality of Falun has chosen to contract Rexel Sverige AB to supply chargers for electric cars, type LS4. In accordance with the agreement, Falun municipality will invest in 121 chargers, with 242 charging points, totalling a value of approximately MSEK 3.5.The LS4 chargers will have the ability to communicate through cloud services for payment solutions and operational monitoring. The chargers will be delivered in August-September 2018 and be installed for charging the municipality’s electric vehicles at municipal properties such

    Continued high activity and solid profitability

    (Interim report January - March 2018 distributed as an appendix to this press release)First quarter of 2018  · Net sales increased 14% to MSEK 207.0 (181.6). · EBIT rose 6% to MSEK 25.1 (23.6). · The EBIT margin amounted to 12.1% (13.0). · Net income was MSEK 19.1 (18.5).  · Earnings per share amounted to SEK 1.91 (1.85). · The equity ratio was 51.4% (50.8). · New country CEO of GARO in Finland.  Carl-Johan Dalin, President and CEO:   GARO continued to perform positively with sales growth of 14% for the first quarter. Business area Sweden increased

    GARO's CFO has decided to leave the company during the autumn 2018

    Lars Kvarnsund, GARO's CFO, announced today that he intends to leave his position in the company. Lars is a member of Group Management and has been employed at GARO since 2000. Lars leaves his position during the autumn 2018 to enter a position as President and CEO in a company with a different business focus. "Lars has worked in the company for 18 years and has successfully built a stable finance function that has managed to handle GARO's continuous growth. I fully understand that he wants to pursue this new challenge and wish him good luck", says GARO's President and CEO, Carl-Johan

    GARO's Annual Report for 2017

    GARO’s Annual Report for 2017 is now available on the Group’s website: http://corporate.garo.se/investor-relations/rapporter-and-presentationer   For further information, please contact:Malin Rylander Thordén, IR-manager: +46 768 94 95 96Lars Kvarnsund, CFO GARO: +46 370 33 28 03   This information is such information that GARO aktiebolag is obligated to publish in accordance with the Swedish Securities Market Act. The information was published on 26 March, 2018, at 12:00 a.m.     GARO develops, manufactures and supplies innovative products and systems for the

    ANNUAL GENERAL MEETING IN GARO AKTIEBOLAG (publ)

    The shareholders of GARO Aktiebolag are hereby invited to attend the Annual General Meeting (AGM) to be held at 5 p.m. CET on Wednesday, 2 May 2018 at Gnosjöandans Kunskapscenter, at the address Fritidsvägen 4, Gnosjö, Sweden. Registration will commence at 4 p.m. CET.A. RIGHT TO PARTICIPATE IN THE ANNUAL GENERAL MEETINGShareholders who wish to participate in the AGM must: firstly, be registered in the share register maintained by Euroclear Sweden AB no later than Wednesday 25 April 2018, and secondly, notify the company of their intention to attend the AGM under the address GARO AB,

    GARO moves up to Stockhom´s Mid Cap-segment

    GARO will be moved up to Nasdaq Stockholm’s Mid Cap segment as of 2nd of January 2018 which is the first trading day of the year.GARO is a traditional company that has developed and manufactured innovative products and systems for the electrical installation market since 1939. The company was founded in Gnosjö in 1939 and is the market leader in several product areas. GARO has shown strong development in recent years, has a solid financial position and good growth opportunities. The company’s shares were listed on Nasdaq Stockholm in March 2016. The change from Small Cap to Mid Cap is a

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