Garo AB
STO:GARO
Decide at what price you'd be comfortable buying and we'll help you stay ready.
|
Garo AB
STO:GARO
|
SE |
|
Coconala Inc
TSE:4176
|
JP |
|
Carillion PLC
LSE:CLLN
|
UK |
|
C
|
Celestica Inc
NYSE:CLS
|
CA |
|
G
|
Getin Holding SA
WSE:GTN
|
PL |
|
S
|
Sun Life Financial Inc
NYSE:SLF
|
CA |
|
N
|
Nueva Expresion Textil SA
LSE:0R6G
|
ES |
|
S
|
Smurfit Kappa Group PLC
LSE:SKG
|
IE |
|
Societe Industrielle et Financiere de l'Artois SA
PAR:ARTO
|
FR |
|
Nissin Foods Co Ltd
HKEX:1475
|
HK |
|
S
|
Supreme Infrastructure India Ltd
NSE:SUPREMEINF
|
IN |
|
LPKF Laser & Electronics AG
XETRA:LPK
|
DE |
|
T
|
Torrent Pharmaceuticals Ltd
NSE:TORNTPHARM
|
IN |
|
360 Security Technology Inc
SSE:601360
|
CN |
|
T
|
Torunlar Gayrimenkul Yatirim Ortakligi AS
IST:TRGYO.E
|
TR |
Garo AB
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.
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.
Revenue Decline: Net sales fell 7% year-over-year to SEK 251 million, due mainly to continued weakness in E-mobility and the Swedish residential market.
E-mobility Struggles: Sales in E-mobility dropped 22% and the business area posted another operating loss, but management is focused on reducing inventory and improving product mix.
Electrification Resilience: Electrification remained stable, with strength in the UK, Ireland, and Finland offsetting weakness in Sweden. Electrical distribution products grew 4%.
Profit Margins: Adjusted EBIT improved to SEK 2.5 million from SEK 0.4 million last year, helped by better electrification margins and cost controls.
Cost Actions: Termination costs of SEK 4 million impacted EBIT; further focus on efficiency and simplified operations is ongoing.
Cash & Liquidity: Operational cash flow improved with SEK 11 million generated after working capital changes. Net debt fell versus last year and liquidity remains solid.
Outlook: Management expects Q4 to be seasonally stronger and is committed to executing a multi-year recovery plan focused on efficiency, product simplification, and market alignment.
