Q4 2025 Garo AB Earnings Call Transcript
Key Points
- GARO AB (LTS:0REY) has strengthened its position in Sweden through important contracts, including deliveries to Stockholm's Förbifart project.
- The company is focusing on product development and launches to strengthen its core business.
- GARO AB has delivered a large number of 43-kilowatt chargers to the transportation sector in France, indicating growth in the European market.
- The company has undergone comprehensive sales training to standardize sales processes and improve team skills.
- Cash flow from operating activities has strengthened, amounting to SEK37 million in the fourth quarter.
- Net sales for the fourth quarter decreased by 8% compared to the same quarter last year.
- GARO E-mobility experienced a 21% decrease in sales, negatively impacting the group's overall results.
- Adjusted operating profit for the quarter was negative SEK5 million, compared to SEK3 million in the same quarter last year.
- The company incurred SEK7 million in termination costs for departing personnel, affecting full-year EBIT.
- There is a significant imbalance between the Electrification and E-mobility business areas, with E-mobility weighing on overall results.
Welcome, everyone, to GARO's presentation for the fourth-quarter and full-year 2025. My name is Helena Claesson. I am the CFO of GARO. And I will talk you through the financials for the quarter, but also touch base on some operational highlights.
With me today, I also have our Chairman, Axel Widmark, for some outlook and perhaps help you with the most difficult questions. I appreciate you taking the time to join.
Next slide, please. And firstly, let's start with some operational highlights for the quarter. Electrification continues to perform steadily and remains the financial backbone for GARO. Despite the weak construction market, we have strengthened our position in Sweden through several important contracts such as deliveries to Stockholm, a project called Förbifart.
Going forward, we will continue to strengthen our core business through product development and more launches. Collaboration with installers will be deepened through close dialogues, which will also directly affect product development. When it comes to GARO E
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