Interim report January – June 2026
Summary by AI BETAClose X
GARO reported a slight increase in net sales to MSEK 272.3 for April-June 2026, though operating EBIT declined to MSEK -17.1 and net income was MSEK -20.3, with earnings per share at SEK -0.41. For the January-June 2026 period, net sales decreased 2% to MSEK 518.5, operating EBIT was MSEK -30.4, and net income was MSEK -37.4, resulting in earnings per share of SEK -0.75. The company has undertaken significant restructuring, including integrating subsidiaries, relocating production from Poland to Sweden, and organizational changes to enhance efficiency. GARO E-mobility launched new digital offerings, and the new CEO acquired warrants.
Growth and efficiency measures at GARO Electrification inspire confidence, while GARO E-mobility remains under evaluation.
APRIL - JUNE 2026
- Net sales amounted to MSEK 272.3 (266.5).
- Net sales increased 2% (-13).
- Operating EBIT amounted to MSEK -17.1 (1.0).
- Operating EBIT margin amounted to -6.3% (0.4).
- EBIT amounted to MSEK -23.5 (1.0).
- Cash flow from operating activities amounted to MSEK 13.3 (9.4).
- Net income was MSEK -20.3 (-8.6).
- Earnings per share amounted to SEK -0.41 (-0.17).
JANUARY - JUNE 2026
- Net sales amounted to MSEK 518.5 (531.2).
- Net sales declined 2% (-11).
- Operating EBIT amounted to MSEK -30.4 (1.4).
- Operating EBIT margin amounted to -5.9% (0.3).
- EBIT amounted to MSEK -36.8 (-1.5).
- Cash flow from operating activities amounted to MSEK 5.8 (9.9).
- Net income was MSEK -37.4 (-8.5).
- Earnings per share amounted to SEK -0.75 (-0.17).
SIGNIFICANT EVENTS DURING AND AFTER THE QUARTER
- GARO implemented a corporate consolidation to integrate the GARO Elflex AB and GARO Montage AB subsidiaries into GARO AB. This means a clearer, more cohesive business partner for customers (see the separate press release).
- GARO decided to relocate production from Poland to Gnosjö/Hillerstorp to consolidate and streamline operations (see the separate press release).
- GARO carried out organizational changes in Sweden to enhance efficiency and strengthen customer focus (see the separate press release).
- Two new apps and a new web interface were launched for GARO E-mobility during the quarter. These initiatives enhance the company’s digital offering and improve the user experience, with increased functionality and availability.
- Tobias Byfeldt assumed the role of President and CEO and acquired 400,000 warrants in GARO at the beginning of July.
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