Sweden's Garo Q4 revenue down, hurt by challenges in E-mobility segment

Garo AB

19/02/2026 07:40

Overview

Sweden electrical installations firm's Q4 revenue declined 8%, missing analyst expectations

Q4 EBIT margin fell to -1.9% from 1.2%

Company won procurements for Stockholm Bypass and new prison construction

Outlook

Company did not provide specific guidance for future quarters or year in its press release

Result Drivers

E-MOBILITY CHALLENGES - Garo reported ongoing challenges in its E-mobility segment, contributing to the decline in net sales

PROCUREMENT WINS - Garo secured significant projects, including the Stockholm Bypass and a new prison in Mariestad

FINANCIAL CONTROL - Strengthened financial control led to improved cash flow and lower net debt

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
SEK 261 mln
SEK 283 mln (1 Analyst)
Q4 EPS
-SEK 0.09
Q4 Net Income
-SEK 4.40 mln
Q4 EBIT
Miss
-SEK 4.90 mln
SEK 22 mln (1 Analyst)
Q4 EBIT Margin
-1.90%


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 SEK17.00, about 2.5% above its February 18 closing price of SEK16.58

Press Release: ID:nWkrzNdxV

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(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.)