Garo Aktiebolag Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 11, 2022 at 02:30 am EST
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Garo Aktiebolag (publ) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 317 million compared to SEK 293.9 million a year ago. Revenue was SEK 318.3 million compared to SEK 294.6 million a year ago. Net income was SEK 26.6 million compared to SEK 39.4 million a year ago. Basic earnings per share from continuing operations was SEK 0.53 compared to SEK 0.79 a year ago.
For the nine months, sales was SEK 1,048.7 million compared to SEK 925.7 million a year ago. Revenue was SEK 1,054 million compared to SEK 928.6 million a year ago. Net income was SEK 113.6 million compared to SEK 120.3 million a year ago. Basic earnings per share from continuing operations was SEK 2.27 compared to SEK 2.41 a year ago.
Garo AB is a Sweden-based company, which is primarily engaged in the electrical installations industry. The Company offers a wide range of electrical products, such as plugs and sockets, switches, switchboards GCS, switchboard systems GPK, cable boxes, bottom boxes, terminals, junction boxes, aluminum enclosures, IT cabinets, meter cabinets, meter boards, consumer units, din rail components, switchgears, outletboxes, sunenergyproducts, workplace lighting, distribution boards, EV-charges, marina pedestals, residual current devices, safety isolators, circuit breakers, among others. The Company operates through a number of subsidiaries in such countries, as Finland, Norway, Ireland, Poland, among others. The Company operates WEB-EL Forsaljning AB as subsidiary.
GARO AB 
