GARO Aktie

 

GARO implementing several strategic changes   JANUARY – MARCH 2026 · Net sales amounted to MSEK 246.2 (264.8). · Net sales declined 7% (-9). · Operating EBIT amounted to MSEK -13.3 (0.4). · Operating EBIT margin amounted to -5.4% (0.1). · EBIT amounted to MSEK -13.3 (-2.5). · Cash flow from operating activities amounted to MSEK -7.5 (0.5). · Net income was MSEK -16.9 (0.3). · Earnings per share amounted to SEK -0.34 (earnings: 0.01). SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER · Joe Ree was appointed as Interim President and CEO until Tobias Byfeldt...

As part of the long-term strategy for increased competitiveness and long-term profitability, GARO has decided to carry out a restructuring of the Swedish organization. The change will create clearer responsibilities, more efficient working methods and a closer relationship with the company's customers and markets. Among other things, GARO will open new sales channels to markets, which also includes the establishment of a European export function.  The restructuring will give it a simplified organizational structure with an increased focus on its core business. Through clearer roles and...

GARO is now launching new digital installation tools for the GARO Entity charging station. The release includes the new GARO Entity Installer app as well as a web tool that together makes installation easier, faster, and more structured for installers. The new tools have been developed based on feedback from installers and real-world installations in the field. The tools provide a more user-friendly and efficient workflow that supports the entire process — from planning to commissioning. Installers can plan the system in advance and then follow a clear installation guide in the app on...

GARO consolidates production to Sweden As part of the long-term strategy for increased efficiency and competitiveness, GARO has decided to move its production from Poland to Gnosjö/Hillerstorp, to consolidate and streamline operations. A unified production in Sweden strengthens GARO's industrial structure with clear economies of scale and more efficient processes through better capacity utilization, shorter lead times and increased coordination between development, production, sales and other functions. All in all, this gives GARO better flexibility to meet future growth and market...

GARO has signed a five-year framework agreement with the Swedish Transport Administration (Trafikverket) for the supply of low-voltage connection equipment to Sweden's railway infrastructure. The total contract value amounts to approximately SEK 50 million over the contract period. The agreement covers deliveries of connection equipment used in Trafikverket's railway facilities across the country. The product range includes, among other things, fuse and distribution enclosures as well as junction boxes—components that play a central role in ensuring the safe and reliable operation of the...

GARO will publish its report for the first quarter 2026 at 14.00 CET on May 13. Conference call at 15.00 CET The company will host a conference call at 15.00 CET the same day. The conference will be hosted by Joseph Ree, acting President & CEO and Helena Claesson, Chief Financial Officer. Dial in numbers: Sweden: +46 10 884 80 16 International: Dail-In numbers (https://www.netroadshow.com/events/global-numbers?confId=102850) ID number (access code): 70 95 90 The presentation material will be published at www.garo.se prior to the conference call. The conference will also be...

GARO will publish its report for the first quarter 2026 at 14.00 CET on May 13. Conference call at 15.00 CET The company will host a conference call at 15.00 CET the same day. The conference will be hosted by Joseph Ree, acting President & CEO and Helena Claesson, Chief Financial Officer. Dial in numbers: Sweden:                                         +46 10 884 80 16 International:                                  Dail-In numbers (https://www.netroadshow.com/events/global-numbers?confId=102850) ID number (access code):             70 95 90 The presentation material will be...

GARO is carrying out a strategic consolidation in which three of the Group's current operations are brought together in a joint company. This is done by consolidating the companies GARO Elflex and GARO Montage into GARO AB. The new structure means, among other things, shorter lead times, more efficient logistics flows and easier contact routes for customers and partners.  The consolidation also creates opportunities for synergies in both production, purchasing and administration. With improved process flows and increased operational efficiency, GARO's market position and long-term...

GARO today published its annual report for 2025. Joe Ree, Interim President and CEO, summarizes the year: “GARO's 2025 was a year characterized by global uncertainty, which led to a decline in demand and challenging conditions. Important efforts were made to strengthen our financial and operational position. We improved our cash flow by reducing tied-up capital in our inventories and by streamlining our range and prioritizing products with stable demand and clear customer benefit.” The Annual Report is available at www.garogroup.se (https://www.garogroup.se/en) The financial year...

GARO is now launching GARO Entity User – a brand‑new app that provides EV drivers with an even better charging experience through a new digital platform featuring intuitive design, enhanced stability, and faster response times. At the same time, system owners of larger installations gain access to a new web tool offering more efficient administration, clearer system‑wide overview of all charging stations, improved reporting capabilities, and more detailed historical data. “We have listened closely to our users and taken their valuable feedback to heart. That is why we have developed GARO...

The shareholders of GARO Aktiebolag (publ) (“GARO” or the “Company”), Reg. No. 556051-7772, are hereby invited to attend the Annual General Meeting (the “AGM”) to be held at 5 p.m. CEST on 13 May 2026 at the Company's premises on Järnvägsgatan 35 in Hillerstorp, Sweden. Registration will commence at 4 p.m. CEST. A. RIGHT TO PARTICIPATE IN THE AGM A person who wishes to participate in the AGM must: firstly, be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on 5 May 2026, and secondly, notify the...

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Stability in GARO Electrification and continued challenges in GARO E-mobility – action initiated. OCTOBER - DECEMBER 2025 · Net sales amounted to MSEK 261.0 (283.8). · Net sales declined 8% (-9). · Operating EBIT amounted to MSEK -4.9 (3.3). · Operating EBIT margin amounted to -1.9% (1.2). · EBIT amounted to MSEK -4.9 (3.3). · Cash flow from operating activities amounted to MSEK 37.0 (37.4). · Net income was MSEK -4.4 (-1.3). · Earnings per share amounted to SEK -0.09 (-0.03). JANUARY – DECEMBER 2025 · Net sales amounted to MSEK 1,043.5 (1,152.0). ·...

GARO will publish its full year-report 2025 at 08.30 CET on February 19. Conference call at 09.30 CET The company will host a conference call at 09.30 CET the same day. The conference will be hosted by Helena Claesson, Chief Financial Officer. Dial in numbers: Sweden: +46 10 884 80 16 International: Dail in numbers (https://www.netroadshow.com/events/global-numbers?confId=65194) ID number (access code): 68 80 86 The presentation material will be published at www.garogroup.se prior to the conference call. The conference will also be audio webcasted in “listen-only” mode at...

The composition of GARO's Nomination Committee ahead of the 2026 Annual General Meeting was announced in a press release on 17 October 2025. Since then, the composition of the Nomination Committee has changed, with Rickard Blomqvist leaving the Nomination Committee and Volador AB appointing Lars Kongstad as a new member in his place. After the change, the Nomination Committee ahead of the 2026 Annual General Meeting consists of the following members: · Niklas Bogefors, appointed by Lars Svensson's estate · Tomas Risbecker, appointed by Svolder AB · Lars Kongstad, appointed by...

GARO has appointed Joe Ree as Interim President and CEO from January 15 until Tobias Byfeldt assumes the position. Joe Ree is currently Chief Operating Officer and a member of the Group Management. For many years, Joe has also served as CEO for GARO Ireland and has played a key role in strengthening GAROs market position and driving growth in Ireland. Joe has previously held several other senior positions within the GARO Group and is therefore very familiar with the organization. ”With his operational understanding of the business and strong market focus, Joe Ree is a natural choice...

GARO has appointed Tobias Byfeldt as its new President and CEO. Tobias most recently held the position of Business Area Director for PIAB Group's Lifting Automation Division, which is part of the Investor-owned Patricia Industries. Tobias will assume the role of President and CEO as soon as possible, but no later than within six months.    Tobias holds a Master of Science in Engineering from Chalmers University of Technology and has previously, during his career, served as CEO of Kollmorgen Automation AB, as well as Vice President at Regal Rexnords Division Autonomous Mobile Solutions...

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A key recruitment focused on long-term growth and stronger customer relationships. GARO welcomes Roger Törnberg as the new Business Development Director. In his new role, he will play a key part in strengthening collaboration between GARO, wholesalers, and installers, with the goal of further reinforcing GARO's position as the installer's first choice, both for individual components and complete power supply solutions.   With over 30 years of experience in leading positions at Sonepar/Elektroskandia, Roger brings a solid understanding of the market, from wholesalers' purchasing...

GARO will publish its report for the third quarter 2025 at 08.30 CET on November 14   Conference call at 09.30 CET The company will host a conference call at 09.30 CET the same day. The conference will be hosted by Jonas Klarén, President & CEO and Helena Claesson, Chief Financial Officer.   Dial in numbers: Sweden: +46 10 884 80 16 International: Dail in numbers (https://www.netroadshow.com/even ts/global-numbers?confId=65194) ID number 63 12 81 (access code):   The presentation material will be published at www....