Garo

Report Publication Announcement • Apr 20, 2020

Press release April 20, 2020

GARO´s annual report for 2019

GARO's Annual Report for 2019 is now available on the Group's website: http://corporate.garo.se/en/investor-relations/reports-presentations

For more information, please contact:

Helena Claesson, CFO: +46 (0)70 676 07 50

This information is such information that GARO aktiebolag is obligated to publish in accordance with the Swedish Securities Market Act. The information was published by the above mentioned contact persons on April 20, 2020 at 8.00 am CEST

GARO develops, manufactures and supplies innovative products and systems for the electrical installations market under its own brand. With a focus on userfriendliness, sustainability and design, GARO takes responsibility for the entire life cycle of its product areas within Electrical distribution products, Project business, Temporary electric installations and E-mobility.

At year-end, the Group had 420 employees with operations in Sweden, Norway, Finland, Ireland, Poland and Great Britain and Northern Ireland. Sales are divided into GARO Sweden and GARO Other markets. The head office is in Gnosjö, Sweden. Production units are located in Gnosjö and Värnamo, Sweden, and in Szczecin, Poland. GARO is listed on Nasdaq Stockholm, Mid Cap.

The business concept is "with a focus on innovation, sustainability and design, GARO provides profitable complete solutions for the electrical industry."