From structure to implementation - Group Management strengthened, accelerating the pace of operational activities
APRIL - JUNE 2025
• Net sales amounted to MSEK 266.5 (306.3).
• Net sales declined 13% (-21).
• Operating EBIT amounted to MSEK 1.0 (-4.3).
• The operating EBIT margin amounted to 0.4% (-1.4).
• Cash flow from operating activities amounted to MSEK 9.4 (-9.3).
• Net income was MSEK -8.6 (-8.9).
• Earnings per share amounted to SEK -0.17 (-0.18).
JANUARY - JUNE 2025
• Net sales amounted to MSEK 531.2 (598.8).
• Net sales declined 11% (-21).
• Operating EBIT amounted to MSEK 1.4 (-10.9).
• The operating EBIT margin amounted to 0.3% (-1.8).
• Cash flow from operating activities amounted to MSEK 9.9 (-53.0).
• Net income was MSEK -8.5 (-16.7).
• Earnings per share amounted to SEK -0.17 (-0.33).
SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER
•From structure to implementation - Group Management was strengthened in April and the pace of operational activities accelerated. Responsibilities have been more clearly defined, and shared priorities and concrete action plans per business area and country have been set.
•Stronger financial control - As a result of improved cash flow over time, GARO's separate bank covenants ended on June 30. In July, the available overdraft facility was reduced and MEUR 2.5 was repaid.
•Strategic framework agreement in charging infrastructure - In June, a framework agreement was signed for a large infrastructure project in Uppland, to supply charging stations and DC fast chargers - an important reference in Sweden's energy infrastructure.
•Change of leadership in E-mobility - In August, Niklas Rönnäng, Business Area Manager of GARO E-mobility, left GARO. The CEO assumed direct responsibility for the business area to drive continued stabilization and set a clearer direction going forward.
For more information, please contact:
Jonas Klarén, CEO +46 (0)70 765 90 34
Helena Claesson, CFO +46 (0)70 676 07 50
This information is such information that GARO AB is obligated to publish in accordance with the EU Market Abuse Regulation. The information was published by the above-mentioned contact person on August 22, 2025, at 08:30 a.m.
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 several countries. GARO is listed on Nasdaq Stockholm under the ticker name GARO. For more information, see www.garo.se
