Garo

Garo
About Us
Contacts
Change country

Follow us:
Share:
Subscribe:

About Us

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

Contacts

Helena Claesson

CFO

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

Interim report January–September 2024

Fri, Nov 15, 2024 08:30 CET

JULY– SEPTEMBER 2024 · Net sales amounted to MSEK 269.4 (304.2). · Net sales declined 11% (-4). · Adjusted EBIT amounted to MSEK 0.4 (5.3). · The adjusted EBIT margin amounted to 0.1% (1.7). · Non-recurring impairment of MSEK 48.4 was charged to EBIT. · Net income was MSEK -41.9 (-9.4). · Loss per share amounted to SEK -0.84 (-0.19). JANUARY– SEPTEMBER 2024 · Net sales amounted to MSEK 868.3 (1,060.4). · Net sales declined 18% (+1). · Adjusted EBIT amounted to MSEK -10.5 (51.2). · The adjusted EBIT margin amounted to -1.2% (4.8). · Non-

There are no items matching the current filter

There are no more items matching the current filter

Share

About Us

Contacts

Links

Interim report January–September 2024

Subscribe