Garo

Garo
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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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Helena Claesson

CFO

+46 (0)370 33 28 03
Helena.Claesson@garo.se

Strong development in operations and a promising acquisition

Thu, May 04, 2017 15:00 CET

Press release(Interim Report January - March 2017 distributed as an appendix to this press release)· Net sales increased 21% to MSEK 181.6 (149.6). · EBIT rose 54% to MSEK 23.6 (15.3*). · EBIT margin amounted to 13.0% (10.2*). · Net income was MSEK 18.5 (12.1*). · Earnings per share amounted to SEK 1.85 (1.21*). · The equity ratio was 50.8% (45.2). · GARO Montage AB acquired Emedius AB · Significant event after the close of the period: New president and CEO appointed *) Adjusted for items affecting comparability of MSEK -12.6 in EBIT and MSEK -9.8 in

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Strong development in operations and a promising acquisition

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