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GARO — Garo AB News Story

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Brief: Garo To Move Production From Poland To Sweden

May 11 (Reuters) - Garo AB GARO.ST:

TO MOVE PRODUCTION FROM POLAND TO SWEDEN

ABOUT 80 EMPLOYEES IN POLAND TO BE AFFECTED BY MOVE

PRODUCTION TRANSITION TO SWEDEN TO OCCUR IN STAGES DURING 2026

MOVE EXPECTED TO GENERATE ANNUAL SAVING OF AT LEAST SEK 25 MILLION NET

POLISH PROPERTY TO BE SOLD, VALUED AT MSEK 110-130

TO DISCONTINUE SALES OFFICE IN GERMANY, EXPECTS SEK 5 MILLION COST SAVING

Source text: ID:nWkr2mnCCp

Further company coverage: GARO.ST

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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