Garo Ab · OMXSTO:GARO
Garo Ab — Garo Aktiebolag — Q4 2024 Earnings Presentation
12 slides from Garo Ab's earnings presentation, Feb 21, 2025
Slide 1: Q4 2024 Presentation
Q4 2024 Presentation February 21, 2025 Jonas Klarén, CEO Helena Claesson, CFO
Slide 2: Charging the Energy Transition.
Charging the Energy Transition. Enabling +1400 TWh of Change – Safely and Sustainably.
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Slide 6: Operational highlights
Operational highlights Imp ro ve d ca shflo w a nd the Gro up ’s EBIT turne d p o sitive in the fo urth q ua rte r GARO Electrification GARO E-mobility Growth and profitability • Strong growth: Ireland • Headwinds: Macro • Action program: Efficiency, uncertainty, investment delays const control(effe
Slide 7: Financial highlights
Financial highlights Byt bild – man ser inte laddaren • Net sales for Q4 of MSEK 283.8 (311.2), down 9% • 2% increase within GARO Electrification • 34% decrease within GARO E-mobility • Adjusted EBIT of MSEK 3.3 (-8.3) giving a margin of 1.2 percent (-2.7) • Improved profitability within GARO Electr
Slide 8: GARO Electrification
GARO Electrification • Net sales amounted to MSEK 221,8 (217,3) • GARO Ireland continued to developed strongly • Adjusted EBIT amounted to MSEK 26,1 (14,9) • Net sales FY 2024 of MSEK 851.3 (907.9) • Adjusted EBIT of MSEK 84.4 (70.3) • Costs of a one-off nature for the write-down of inventory MSEK 9
Slide 9: GARO E-mobility
GARO E-mobility • Net sales in the quarter amounted to MSEK 62.0 (93.9) • Adjusted EBIT in the quarter amounted to MSEK -22.8 (-23.2) • Competition is getting tougher. • Net sales FY 2024 of MSEK 300.7 (462.0) • Adjusted EBIT of MSEK -91.6 (27.4) • Costs of a one-off nature for the write-down of inv
Slide 10: Cash flow and balance sheet
Cash flow and balance sheet • Cash flow from operating activities before changes in working capital amounted to MSEK 6.2 (7.0) • Cash flow from operating activities after changes in working capital amounted to MSEK 37.4 (34.9) • Net debt of MSEK 285.1 (222.1) • Available liquidity including unutiliz
Slide 11: Outlook
Outlook E-mobility Market • Slow recovery, but positive long-term trend • Growth driven by charging infrastructure & sustainability focus Residential Construction • 2024 decline in Nordic residential construction • Recovery expected in 2025, boosting housing-related products Commercial, Public & Ind
Slide 12: Q&A
Q&A