Garo
ISIN: SE0015812417 | Ticker: GARO | LEI: 549300RKWROUEEV6VP74
Country: Sweden
GARO is a company that develops, manufactures and markets innovative products and systems for electrical installations under its own brand in the European market. In its four product areas of Electrical distribution products, E-mobility, Project business and Temporary Power, the Group supplies products and complete solutions with a focus on electrical safety, user-friendliness and sustainability. GARO is the market leader in the Nordic region in several product categories within Electrical distribution products and E-mobility.
Operations are divided into two business areas: GARO Sweden and GARO International. The business areas GARO Electrification and GARO E-mobility replaced the former business areas on January 1, 2022. The Group has sales companies in six countries: Sweden, Norway, Finland, Ireland, the UK and Poland. Group external exports are made from business area GARO Sweden to other countries.
1939
Served areaEurope
HeadquartersSödergatan 26, 33533 Gnosjö – Sweden
| Line item in (sek) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 743,300,000.00 | 936,900,000.00 | 1,153,500,000.00 |
| Noncurrent Assets | N/A | 240,200,000.00 | 255,400,000.00 | 401,200,000.00 |
| Land And Buildings | N/A | 67,400,000.00 | 67,600,000.00 | 84,300,000.00 |
| Machinery | N/A | 1,800,000.00 | 1,600,000.00 | 2,600,000.00 |
| Fixtures And Fittings | N/A | 26,400,000.00 | 33,900,000.00 | 33,000,000.00 |
| Construction In Progress | N/A | 6,300,000.00 | 4,400,000.00 | 69,800,000.00 |
| Goodwill | N/A | 45,500,000.00 | 45,500,000.00 | 45,500,000.00 |
| Deferred Tax Assets | N/A | 6,200,000.00 | 3,200,000.00 | 4,100,000.00 |
| Current Assets | N/A | 503,100,000.00 | 681,500,000.00 | 752,300,000.00 |
| Raw Materials | N/A | 104,400,000.00 | 159,300,000.00 | 213,400,000.00 |
| Work In Progress | N/A | 4,600,000.00 | 4,500,000.00 | 4,900,000.00 |
| Finished Goods | N/A | 73,500,000.00 | 78,300,000.00 | 126,600,000.00 |
| Current Trade Receivables | N/A | 238,600,000.00 | 336,000,000.00 | 321,100,000.00 |
| Current Prepayments | N/A | N/A | 12,700,000.00 | 13,100,000.00 |
| Other Current Financial Assets | N/A | 4,500,000.00 | 9,100,000.00 | 43,700,000.00 |
| Cash and cash equivalents | 40,800,000.00 | 69,400,000.00 | 81,600,000.00 | 29,500,000.00 |
| Equity And Liabilities | N/A | 743,300,000.00 | 936,900,000.00 | 1,153,500,000.00 |
| Equity | 343,000,000.00 | 430,300,000.00 | 551,500,000.00 | 614,100,000.00 |
| Issued Capital | N/A | 20,000,000.00 | 20,000,000.00 | 20,000,000.00 |
| Retained Earnings | N/A | 407,400,000.00 | 532,400,000.00 | 582,900,000.00 |
| Other Reserves | N/A | 2,900,000.00 | -900,000.00 | 9,700,000.00 |
| Additional Paidin Capital | N/A | N/A | 0.00 | 1,500,000.00 |
| Liabilities | N/A | 313,000,000.00 | 385,400,000.00 | 539,400,000.00 |
| Noncurrent Liabilities | N/A | 62,700,000.00 | 59,100,000.00 | 108,000,000.00 |
| Other Longterm Provisions | N/A | 3,700,000.00 | 6,300,000.00 | 9,000,000.00 |
| Deferred Tax Liabilities | N/A | 500,000.00 | 0.00 | 0.00 |
| Noncurrent Portion Of Noncurrent Loans Received | N/A | 30,300,000.00 | 26,500,000.00 | 36,600,000.00 |
| Current Liabilities | N/A | 250,300,000.00 | 326,300,000.00 | 431,400,000.00 |
| Trade And Other Current Payables | N/A | 123,900,000.00 | 166,500,000.00 | 187,400,000.00 |
| Other Current Liabilities | N/A | 28,600,000.00 | 36,800,000.00 | 50,600,000.00 |
| Current Loans Received And Current Portion Of Noncurrent Loans Received | N/A | 4,900,000.00 | 2,600,000.00 | 52,000,000.00 |
| Line item in (sek) | 31.12.2019/ 01.01.2021 |
01.01.2020/ 01.01.2021 |
31.12.2020/ 01.01.2022 |
01.01.2021/ 01.01.2022 |
31.12.2021/ 01.01.2023 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|---|---|---|
| Revenue | 1,047,800,000.00 | N/A | 1,298,700,000.00 | N/A | 1,391,900,000.00 | N/A |
| Revenue From Contracts With Customers | 1,039,800,000.00 | N/A | 1,295,800,000.00 | N/A | 1,390,500,000.00 | N/A |
| Other Income | 8,000,000.00 | N/A | 2,900,000.00 | N/A | 1,400,000.00 | N/A |
| Other Work Performed By Entity And Capitalised | N/A | N/A | 3,700,000.00 | N/A | 5,400,000.00 | N/A |
| Raw Materials And Consumables Used | 528,800,000.00 | N/A | 649,300,000.00 | N/A | 727,400,000.00 | N/A |
| Employee Benefits Expense | 232,200,000.00 | N/A | 265,200,000.00 | N/A | 306,800,000.00 | N/A |
| Depreciation Expense | 26,900,000.00 | N/A | 35,800,000.00 | N/A | 36,000,000.00 | N/A |
| Other Expense By Nature | 123,700,000.00 | N/A | 144,900,000.00 | N/A | 174,300,000.00 | N/A |
| Profit Loss From Operating Activities | 136,200,000.00 | 136,200,000.00 | 207,200,000.00 | 207,200,000.00 | 152,800,000.00 | 152,800,000.00 |
| Finance Income | 400,000.00 | N/A | 5,300,000.00 | N/A | 3,300,000.00 | N/A |
| Finance Costs | 13,500,000.00 | N/A | 4,100,000.00 | N/A | 2,700,000.00 | N/A |
| Profit Loss Before Tax | 123,100,000.00 | N/A | 208,400,000.00 | N/A | 153,400,000.00 | N/A |
| Income Tax Expense Continuing Operations | 27,700,000.00 | N/A | 41,700,000.00 | N/A | 32,900,000.00 | N/A |
| Profit Loss From Continuing Operations | 95,400,000.00 | 95,400,000.00 | 166,700,000.00 | 166,700,000.00 | 120,500,000.00 | 120,500,000.00 |
| Line item in (sek) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Adjustments For Income Tax Expense | N/A | -36,900,000.00 | -29,100,000.00 | -33,400,000.00 |
| Adjustments For Decrease Increase In Inventories | N/A | -12,000,000.00 | -59,600,000.00 | -102,800,000.00 |
| Adjustments For Decrease Increase In Other Operating Receivables | N/A | -800,000.00 | -5,900,000.00 | -35,900,000.00 |
| Adjustments For Increase Decrease In Trade Account Payable | N/A | 5,700,000.00 | 42,500,000.00 | 21,000,000.00 |
| Adjustments For Increase Decrease In Other Operating Payables | N/A | 0.00 | 24,700,000.00 | 32,200,000.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 26,900,000.00 | 35,800,000.00 | 36,000,000.00 |
| Other Adjustments For Noncash Items | N/A | 6,700,000.00 | 2,400,000.00 | 3,800,000.00 |
| Cash Flows From Used In Operations | N/A | 86,900,000.00 | 121,700,000.00 | 89,200,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 5,700,000.00 | 0.00 | 900,000.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | N/A | 15,000,000.00 | 18,800,000.00 | 89,300,000.00 |
| Purchase Of Intangible Assets Classified As Investing Activities | N/A | 24,600,000.00 | 26,500,000.00 | 30,800,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | N/A | 0.00 | 63,600,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 1,900,000.00 | 100,000.00 | 1,200,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 10,800,000.00 | 11,700,000.00 | 12,000,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 0.00 | 47,500,000.00 | 70,000,000.00 |
| Cash Flows From Used In Financing Activities | N/A | -12,700,000.00 | -65,400,000.00 | -22,400,000.00 |
| Increase (decrease) in cash and cash equivalents before effect of exchange rate changes | N/A | 28,900,000.00 | 11,900,000.00 | -52,300,000.00 |
| Effect Of Exchange Rate Changes On Cash And Cash Equivalents | N/A | -300,000.00 | 300,000.00 | 200,000.00 |
| Cash and cash equivalents | 40,800,000.00 | 69,400,000.00 | 81,600,000.00 | 29,500,000.00 |
Please note that some sums might not add up.
| Date | Trading entity / Person | Association | Trade type | Volume |
|---|---|---|---|---|
| 21.02.24 | Rickard Blomqvist | Other | Buy | SEK 684,500.00 |
| 20.11.23 | Rickard Blomqvist | Other | Buy | SEK 775,000.00 |
| 20.11.23 | Rickard Blomqvist | Other | Buy | SEK 153,950.00 |
| 19.05.23 | Niklas Rönnäng | Other | Buy | SEK 219,000.00 |
| 19.05.23 | Niklas Rönnäng | Other | Buy | SEK 9,941.40 |
| 15.05.23 | Niklas Rönnäng | Other | Buy | SEK 14,934.95 |
| 12.05.23 | Rickard Blomqvist | Other | Buy | SEK 1,629,067.55 |
| 12.05.23 | Lars Kongstad | Other | Buy | SEK 745,076.00 |
| 12.05.23 | Niklas Rönnäng | Other | Buy | SEK 222,000.00 |
| 27.03.23 | Rickard Blomqvist | Other | Buy | SEK 5,731,087.75 |
| Position Holder | Short Interest in Percent | Date |
|---|---|---|
| Spark Investment Management LLC | 0.52% | 22.03.24 |
| Spark Investment Management LLC | 0.60% | 28.03.24 |
| Connor Clark & Lunn Investment Management Ltd. | 0.50% | 12.03.24 |
| Total | 1.62% |
SE0015812417
LEI549300RKWROUEEV6VP74
SectorElectrical Components & Equipment
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