Q3 2025 Garo AB Earnings Call Transcript
Key Points
- GARO AB (STU:46G) is experiencing steady improvement and building momentum across the group.
- Electrification remains a financial backbone, performing steadily across markets.
- The company is seeing positive momentum within installation products and a stronger project pipeline, particularly in the UK and Ireland.
- Operational control and liquidity have improved, creating a stronger base for future growth.
- The company has a clear roadmap for future growth, focusing on stability, profitability, and sustainable growth.
- Net sales decreased by 7% compared to the same quarter last year.
- E-mobility sales decreased by 22% in the quarter, impacting overall results.
- The Swedish residential market remains slow, affecting sales performance.
- The company is facing significant challenges in the E-mobility segment, with a negative operating profit.
- There is a significant imbalance between the Electrification and E-mobility business areas, with the latter weighing on the group's overall results.
Hello, and welcome, everyone to GARO's Q3 presentation. I am Jonas Klaren, CEO, and as always, we appreciate you taking the time to join. Our focus this quarter has been turning structure into rhythm and rhythm into results. With me is our CFO, Helena Claesson, who will take you through the financials shortly. But first, let me share the key developments from the last month.
Next slide, please. Let's look at the third quarter and how GARO is progressing. The overall picture is one of steady improvement. We're building momentum across the group and beginning to see structure turning into rhythm. Electrification continues to be our financial backbone, performing steadily across markets. We see positive momentum within installation products and stronger project pipeline, particularly in the UK and Ireland. The Swedish residential market is still slow, but we're starting to see signs of increased activity.
Our focus is on sharpening sales integration and preparing for the next market upturn. E-mobility remains challenging as the
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