· Net sales increased 26% to MSEK 149.6 (118.9). · Adjusted* EBIT rose 32% to MSEK 15.3 (11.6). · Adjusted* EBIT margin amounted to 10.2% (9.8). · Adjusted* net income was MSEK 12.1 (9.1). · Adjusted* earnings per share amounted to MSEK 1.21 (0.91). *) Adjusted for items affecting comparability of MSEK -12.6 in EBIT and MSEK -9.8 in net income related to the IPO. Stefan Jonsson, President and CEO: We achieved a significant increase in sales in the quarter, driven by strong growth in Sweden and Other markets. EBIT and the EBIT margin, adjusted for non -recurring IPO-related items, improved due to volume growth combined with a stable level of expenses. Net sales for GARO Sweden rose 17%, with solid increases in all product segments, and net sales rose 43% in GARO Other markets. It is pleasing to see that also new products and product areas are really taking off. Especially pleasing is to see that the product area EV charging is growing strongly. The Solar Energy area – for which we delivered our largest ever order in Sweden during the quarter – is also worth mentioning. In general, GARO sees a continued healthy demand scenario in both of the Group’s market segments and in the four product areas. External factors, such as changes in the economic climate, currency concerns and political decisions could impact future sales and profitability. Overall, we have a positive outlook on the company’s performance in 2016. Gnosjö, May 26, 2016 For more information, please contact: Stefan Jonsson, President and CEO: +46 70 588 66 73 Lars Kvarnsund, CFO: +46 070 516 59 98 Patrik Linzenbold, IR Director: +46 708 25 26 30 The information in this press release of the type that GARO is obligated to disclose in accordance with the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was published on May 26, at 7:30 a.m. GARO develops, manufactures and supplies innovative products and systems for the electrical installations industry under its own brand. The company has operations in Sweden, Norway, Finland, Ireland and Poland and the Group is organized in two business segments GARO Sweden and GARO Other markets. GARO has a broad product assortment and is a market leader within several product areas. The Group had sales in 2015 of MSEK 554 and has approximately 260 employees. Its head office is located in Gnosjö. The business concept is “with simplicity and design, GARO provides the smartest and most profitable solutions – fitted into systems.”
Strong growth and improved adjusted EBIT Net sales
Top 10 Most Recent News Articles
BrightView's Tumbling Shares Prompt Investor Inquiry
BrightView's Financial Quagmire: Investor Alarm Bells Ring Just when you thought it couldn't get any rockier for BrightView Holdings (NYSE: BV), here comes another gut punch. Their Development Services segment—once a promising player—felt like it dropped off a cliff, tumbling by almost 18%. If you were counting on those revenues to keep things afloat, well, it seems...
Continue Reading
Consumer Debt Balloons to $18.56T Amid Economic Jitters
The Debt Tide Keeps Rising Alright, let’s dive calloused knuckles first into what's cooking with U.S. consumer debt these days. Shockwaves through the wallet world this past September—consumer debt surged to a jaw-dropping $18.56 trillion. That's a hefty climb of 2.9% year-over-year, and for anyone keeping score, it wasn't just about mortgages hiking up their pricey...
Continue Reading
Lemonade Preps for 2026 Investor Day with Webcast Plans
Lemonade's Investor Day Goes Hybrid Everyone's got their eyes peeled on Lemonade's upcoming Investor Day scheduled for November 17, 2026. It's like taking a peek behind the curtain of a magician's act—will we be wowed or left scratching our heads? This year's spectacle happens in New York but gives attendees the luxury of attendance however they fancy. Lemonade's...
Continue Reading
Azazie Pops Up in Citrus Fields with Bridal Bliss
Azazie Steps into the Sunshine State Alright, here we go—Azazie's taking their whole bridal catalogue circus down to the heart of Florida's citrus country this November. Polk City, mark your calendars for November 14. Now, I'm not the type who usually gets jazzed about gowns and lace, but this pop-up event at Ever After Farms Citrus just might turn a few heads, even...
Continue Reading
Clarivate's Upcoming Conference Presentation: What to Expect
Conference Time: Will Clarivate Deliver the Goods? Grab your calendars, folks. November 18 is when Clarivate Plc is stepping into the spotlight at the RBC Capital Markets Global Technology, Internet, Media and Telecommunications Conference. Their bigwigs, Matti Shem Tov, the CEO, and Michael Easton, the CFO, will be there to spill the beans. They’re set to take the mike...
Continue Reading
Brent Crude's Tumult: Oil Giants Weather Market Shifts
Oil Market Faces Uncertain Waves The energy sector's a rough sea these days, with Brent crude prices yo-yoing close to that $100 mark. If you're looking for clarity, don't hold your breath—the EIA's latest report suggests we’re sticking near this price for the foreseeable future before easing into more palatable waters come late 2027. But we ain't there yet, as U.S....
Continue Reading
LITEON Pushes AI Data Centers with Optical Tech
Electronics Meet the Future in Munich When the tech-savvy brains of LITEON hit Munich for electronica 2026, they didn't hold back. This wasn't just your run-of-the-mill showcase; it was a full-on display of technological muscle. Among the dazzling spread were their high-speed optical interconnects. Now, if you're not dialed into what that is, think of it like the train...
Continue Reading
Peanuts and Diabetes: A Surprising Health Link
A Nutty Approach to Diabetes Prevention Who would've thought peanuts could pack such a punch against diabetes? Amid the usual suspects of healthy foods, it's these humble legumes that are making headlines. The Peanut Institute, backed by fresh research, is shining a spotlight on their potential role in preventing type 2 diabetes, a disease that's affecting roughly 40...
Continue Reading
Group 1 Automotive Expands with Lexus Gwinnett Acquisition
Unifying the Landscape: Group 1's Bold Move with Lexus Gwinnett Another piece of the puzzle drops into place as Group 1 Automotive continues its aggressive campaign to unify its dealership network. The latest acquisition sees the Hennessy Lexus of Gwinnett rebranded as Lexus Gwinnett, adding another notch to their belt in the bustling Atlanta-market corridor. Group 1's...
Continue Reading
Kava Meets Comics: A New Spot in King of Prussia
A Social Revolution in King of Prussia Look, this ain't your typical bar review. We're talking about the Uncanny Comics and Kava Bar at King of Prussia Mall—where comic books, collectible treasures, and good company collide with a South Pacific vibe. Kava: Beyond Just Another Drink First off, if you're scratching your head about kava, don't fret. It's a beverage made...
Continue ReadingTop 5 Most Recently Viewed Articles
Upcoming Earnings Call for MSA Safety: Key Details Inside
MSA Safety Earnings Conference Call Announcement MSA Safety Incorporated (NYSE: MSA), a pioneering force in the safety industry, is set to hold its fourth quarter and full-year earnings conference call. This event will take place on Thursday, February 12, 2026, at 10:00 a.m. Eastern Time. The call aims to provide investors and stakeholders with insights into the company's...
Continue ReadingGeotab GO Anywhere Tracker Launches for European Asset Management
Introducing the Geotab GO Anywhere Asset Tracker Geotab Inc., a recognized pioneer in connected vehicle and asset solutions, has launched the GO Anywhere™, a reliable asset tracking device tailored for European markets. This innovative battery-powered tracker empowers businesses to manage and monitor their critical assets more effectively than ever before, especially in...
Continue Reading
Rosen Law Firm Investigates TechTarget for Potential Shareholder Claims
The Investigation into TechTarget, Inc. The Rosen Law Firm is currently conducting a significant investigation concerning potential securities claims for shareholders of TechTarget, Inc. (NASDAQ: TTGT). This arises from serious allegations suggesting that TechTarget may have disseminated materially misleading business information to the investing public. This situation...
Continue Reading
Revolutionary Smart Lawn Mower Transforming Home Gardening
Introducing the Future of Lawn Care with UBHOME At the forefront of innovation, UBHOME, a sub-brand of UBTECH Robotics, is set to transform home gardening with the unveiling of their groundbreaking Robotic Mower M10. This smart lawn mower, showcased at the upcoming CES event, promises to revolutionize how homeowners approach lawn care. With its integration of cutting-edge...
Continue Reading
Strategic Insights into Datadog's Options Trading Trends
Understanding Datadog's Current Market Dynamics In the ever-evolving world of stock trading, significant investors known as whales have recently adopted a bearish view on Datadog. This trend is notable for anyone watching the dynamic and competitive landscape of tech stocks. Analyzing Recent Options Activity for Datadog Looking into the options trading history for Datadog...
Continue Reading