Sweden's Garo Q1 net sales fall 7%, posts net loss

Garo AB

13/05/2026 13:08

Overview

Sweden electrical products maker's Q1 net sales fell 7% yr/yr

Company posted negative EBIT and net income for the quarter

Garo to consolidate subsidiaries and relocate production to Sweden to streamline operations

Outlook

Company did not provide specific guidance for the current or future periods

Result Drivers

STRATEGIC CHANGES - Co cited ongoing consolidation of subsidiaries and relocation of production as part of efforts to streamline operations and enhance efficiency

ORGANIZATIONAL RESTRUCTURING - Co announced organizational changes in Sweden aimed at improving efficiency and customer focus

Company press release: ID:nWkrxwSrk

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
SEK 246.2 mln
SEK 272 mln (1 Analyst)
Q1 EPS
-SEK 0.34
Q1 Net Income
-SEK 16.90 mln
Q1 EBIT
-SEK 13.30 mln
SEK 6 mln (1 Analyst)
Q1 EBIT Margin
-5.40%


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the electrical components & equipment peer group is "buy."

Wall Street's median 12-month price target for Garo AB is SEK15.00, about 10% above its May 12 closing price of SEK13.64

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)