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Electrical equipment and electric vehicle charging solutions manufacturer
garo.comLast updated
In short: GARO announced a six-to-nine-month Entity phaseout, involving about SEK 150 million in write-downs and layoffs.
Net sales increased by 6 percent to SEK 265.9 million and the operating profit was SEK 9.9 million, but write-downs of SEK 111.3 million resulted in an operating profit of -SEK 105.8 million.
The phase-out will take place over six to nine months and involves write-downs of approximately SEK 150 million as well as layoffs within GARO E-Mobility.
Net sales decreased by 2 percent to 518.5 MSEK and operating result was -36.8 MSEK. Production is moved from Poland to Gnosjö/Hillerstorp.
Net sales decrease by 7 percent to 246.2 MSEK and the result after tax is -16.9 MSEK. Joe Ree is acting CEO until June 15.
GARO AB (GARO.ST) revealed Loss for its third quarter of -SEK100.0 million The company's earnings came in at -SEK100.0 million, or -SEK2.00 per share. This...
Garo Entity generates annual revenue of approximately 100 million kronor. All personnel in Swedish Garo E-Mobility are being given notice of termination, and personnel in foreign subsidiaries are also affected...
GARO reported Q4 2025 net sales of SEK 261 million, down 8% YoY, with Electrification declining 4% and E-Mobility down 21%. EBIT turned negative at...
GARO has recruited Jonas Klarén as its new President and CEO. Jonas Klarén's most recent position was as CEO of Infratek Sverige AB, which is...
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