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 |
---|---|---|---|---|
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 |
24.03.23 | Rickard Blomqvist | Other | Buy | SEK 16,628,424.05 |
20.03.23 | Mari- Jonsson Kadowaki | Other | Buy | SEK 9,271.65 |
16.08.22 | Rickard Blomqvist | Other | Sell | SEK 24,052,180.50 |
SE0015812417
LEI549300RKWROUEEV6VP74
SectorElectrical Components & Equipment
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