Interim report January - March 2025

The Group posted positive Operating EBIT for the second consecutive quarter

JANUARY - MARCH 2024

• Net sales amounted to MSEK 264.8 (292.5).
• Net sales declined 9% (-21).
• Operating EBIT amounted to MSEK 0.4 (-6.7).
• Operating EBIT margin amounted to 0.1 % (-2.3).
• The quarter was charged with settlement costs of MSEK 2.9 for the outgoing President and CEO.
• Cash flow from operating activities amounted to MSEK 0.5 (-43.8).
• Net income was MSEK 0.3 (-8.1).
• Earnings per share amounted to SEK 0.01 (- 0.16).
   

Significant events during and after the quarter

• Jonas Klarén took over as the new President and CEO on January 13, 2025.
• After the end of the quarter, GARO strengthened its Group Management and appointed a new COO, CTO and CHRO. The aim is to create a stronger international business focus, and to further increase the pace of operational activities, technological development and long-term culture and competence building within the Group. Refer to the separate press release.

Read the full Interim report here.

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 abovementioned contact persons on May 14, 2025, at 14.00 CET.