Brief: Garo Q1 EBIT Rises To SEK 66.8 Mln

Garo AB

11/05/2022 13:48

May 11 (Reuters) - Garo AB  GARO.ST :
    * INTERIM REPORT JANUARY - MARCH 2022
    * GARO AB - Q1 EBIT SEK 66.8 MILLION VERSUS SEK 45.9 MILLION
YEAR
AGO
    * GARO AB - Q1 NET SALES SEK 381.6 MILLION VERSUS SEK 290.6
MILLION YEAR AGO
    * GARO AB - Q1 NET INCOME SEK 53.7 MILLION VERSUS SEK 38.3
MILLION
YEAR AGO
    * GARO AB - OUTLOOK: WITH THE PREVAILING UNCERTAINTY
REGARDING
MATERIAL SUPPLY, WE BELIEVE THAT SALES IN GARO E-MOBILITY FOR
THE SECOND QUARTER WILL BE ON SIMILAR LEVEL AS THE CORRESPONDING
QUARTER OF 2021
    * GARO AB - OUTLOOK: ALL IN ALL, WE HAVE A POSITIVE VIEW OF
LONG-TERM MARKET CONDITIONS, MAINLY DRIVEN BY GROWTH IN CHARGING
INFRASTRUCTURE.

Source text for Eikon:  ID:nWkr9NhgJS 
Further company coverage:  GARO.ST 

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