Garo AB
STO:GARO

Watchlist Manager
Garo AB Logo
Garo AB
STO:GARO
Watchlist
Price: 23.95 SEK 4.13% Market Closed
Market Cap: 1.2B SEK

Garo AB
Investor Relations

GARO AB engages in the development, manufacture, and marketing of electrical installation products. The company is headquartered in Gnosjoe, Vastra Gotalands and currently employs 498 full-time employees. The company went IPO on 2016-03-16. The firm offers a wide range of electrical products, such as plugs and sockets, switches, switchboards GCS, switchboard systems GPK, cable boxes, bottom boxes, terminals, junction boxes, aluminum enclosures, IT cabinets, meter cabinets, meter boards, consumer units, din rail components, switchgears, outletboxes, sunenergyproducts, workplace lighting, distribution boards, EV-charges, marina pedestals, residual current devices, safety isolators, circuit breakers, among others. The firm operates through a number of subsidiaries in such countries, as Finland, Norway, Ireland, Poland, among others. The firm operates WEB-EL Forsaljning AB as subsidiary.

Show more
Loading

Earnings Calls

2024 Q3
Nov 15, 2024
Show Transcript
Previous
Next
GARO experiences challenges but anticipates recovery in 2025 amid strategic changes.
2024 Q3
Nov 15, 2024

In the third quarter, GARO reported net sales of SEK 270 million, down 11% year-over-year, with E-Mobility declining by 26% amid macroeconomic uncertainties. Adjusted operating profit fell to SEK 0.4 million, down from SEK 5 million. Despite challenges, the company has implemented action plans, targeting annual savings of SEK 40 million. Looking ahead, GARO expects a market rebound for housing construction in 2025, driven by lower interest rates and political incentives. The demand in Ireland remains strong, suggesting potential stabilization in sales. Overall, GARO is positioned to leverage its product offerings as conditions improve gradually.

Show Full Analysis

Management

Mr. Patrik Andersson
President & CEO
No Bio Available
Ms. Helena Claesson
Chief Financial Officer
No Bio Available
Bo Eriksson
Acting Chief Technology Officer
No Bio Available
Carlos Paso Calleses
Managing Director
No Bio Available

Contacts

Address
VASTRA GOTALANDS
Gnosjoe
Sodergatan 26
Contacts
+46374633284646.0
www.garo.se