Brief: Garo Q1 EBIT Rises 16 Pct To SEK 29.2 Mln

Garo AB

15/05/2019 13:34

May 15 (Reuters) - Garo AB  GARO.ST :
    * INTERIM REPORT JANUARY-MARCH 2019
    * JAN-MARCH NET SALES INCREASED 20% TO MSEK 248.4 (207.0).
    * Q1 EBIT SEK 29.2 MILLION VERSUS SEK 25.1 MILLION YEAR AGO
    * DEMAND FOR CONSTRUCTION-RELATED PRODUCTS IN SWEDEN IS GOOD
BUT
IS EXPECTED TO GRADUALLY SLOW IN 2019
    * ALL IN ALL, GARO HAS A POSITIVE VIEW OF MARKET CONDITIONS,
MAINLY DRIVEN BY CONTINUED EXPANSION OF CHARGING INFRASTRUCTURE

Source text for Eikon:  ID:nWkr7G3tBm 
Further company coverage:  GARO.ST 

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