)
Edge16 Aug 2024
The Småland Spirit: How Rural Sweden Birthed Giants Like IKEA
Discover how The Småland Spirit turned a historically poor region into a hub of industrial success, spawning success stories like IKEA and Husqvarna.
Garo (GARO) investor relations material
Garo Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary14 Nov, 2025
Executive summary
Q3 net sales were MSEK 251.3, down 7% year-over-year, with steady improvement in operational rhythm and leadership integration.
Electrification remains the financial backbone, showing stable performance and growth in installation products, especially in the UK and Ireland.
E-mobility continues to face challenges due to price-driven competition in home charging, but steps are being taken to simplify the portfolio and focus on professional/public charging.
Leadership, sales integration, and operational control have improved, positioning the group for the next market upturn.
CEO Jonas Klarén will leave at the end of January 2026; recruitment for a new CEO has started.
Financial highlights
Net sales for Q3 were MSEK 251.3, down 7% year-over-year; adjusted EBIT was MSEK 2.5 (up from 0.4), with a margin of 1.0%.
EBIT for Q3 was MSEK -1.6 due to MSEK 4 in termination costs; net income was MSEK -4.5 (vs. -41.9 last year).
Cash flow from operating activities after working capital changes was MSEK 11.0, up from -20.1 last year.
Net debt reduced to MSEK 269.9 from 318.9; equity/assets ratio improved to 51.5% from 47.3%.
Earnings per share for Q3 were SEK -0.09 (vs. -0.84 last year).
Outlook and guidance
Electrification expected to remain stable with solid margins; international markets performing well despite weak Swedish residential demand.
E-mobility segment stabilizing through focus and cost control, with ongoing efforts to lower complexity and reduce inventory.
The roadmap targets stabilization and simplification in 2025, baseline building in 2026, and scaling from 2027 onward.
Market for new construction in the Nordics remains weak; a turnaround is not expected until 2026.
Q4 is anticipated to be strong due to seasonality and a solid order intake in project business.
E-mobility inventory reduction strategy?
Electrification growth drivers UK/Ireland?
Funding for 2026 roadmap initiatives?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Garo earnings date
Q4 202521 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
Related articles
)
)
Frequently asked questions
Garo develops, manufactures, and markets electrical installation products and systems in Sweden, Norway, Finland, Poland, Ireland, and the United Kingdom. The company offers socket outlets, plug connectors, switches and circuit breakers, lamps and lighting fixtures, cable trays and accessories, under floor ducts and sockets, trunking systems and accessories, junction boxes and cabinet systems.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage