Garo Ab · OMXSTO:GARO
Garo Ab — Garo Aktiebolag — Q1 2025 Earnings Presentation
10 slides from Garo Ab's earnings presentation, May 14, 2025
Slide 1: Q1 2025 Earnings Presentation, May 14, 2025
May 14, 2025 Jonas Klarén, CEO Helena Claesson, CFO.
Slide 2: Operational highlights
Operational highlights Strong team in place, steady progress GARO Electrification + Growth areas: Volume increase in Finland, strong development in Ireland * Stable demand: Commercial, public and renovation sectors + Challenges: Nordic residential market remains weak * Improvements: Better profitabi
Slide 3: Financial highlights
Financial highlights + Net sales for Q1 of MSEK 264.8 (292.5), down 9% + 2% decrease within GARO Electrification * 28% decrease within GARO E-mobility * GARO Electrification as business unit continued to show stability * The charging infrastructure market has remained challenging. * The quarter was
Slide 4: GARO Electrification results
• • • • Net sales, GARO Electrification Adjusted EBIT, GARO Electrification* 310,0 1200,0 40 140 260,0 1100,0 35 120 1000,0 30 100 210,0 900,0 25 80 160,0 800,0 60 700,0 20 110,0 40 600,0 15 20 60,0 500,0 10 0 10,0 400,0 Net sales, MSEK (LHS) Net sales R12, MSEK (RHS) Adj EBIT* , MSEK (LHS) Adj EBIT
Slide 5: GARO E-mobility results
• • • • Net sales, GARO E-mobility Adjusted EBIT, GARO E-mobility* 40,0 170 500 150 450 30,0 70,0 130 400 20,0 350 20,0 110 10,0 300 90 250 0,0 -30,0 70 200 -10,0 50 150 -80,0 30 100 -20,0 10 50 -30,0 -130,0 Adj EBIT *, MSEK (LHS) Adj EBIT R12*, MSEK (RHS) Net sales, MSEK (LHS) Net sales R12, MSEK (
Slide 6: Cash flow and balance sheet
• • • • Cash flow from operating activities 0.5 -43.8 8.6 -35.8 Cash flow from investing activities -1.9 -4.2 -14.8 -17.1 Cash flow for the period 0.4 -39.8 5.3 -34.8 Net debt(+)/net cash(-) 286.0 277.9 286.0 285.1 Net debt(+)/net cash(-) excl. IFRS 16 effects 227.1 206.7 227.1 222.4 Equity/assets r
Slide 7: Navigating Change with a Stronger Crew
Navigating Change with a Stronger Crew Stronger leadership — sharper execution Chief Operating Officer Chief Technology Officer Chief Human Resources (COO) Joe Ree (CTO) Paul Fox Officer (CHRO) Karin Wigert + Focus: Industrial structure, cost + Focus: Innovation pipeline, control, and ontime deliver
Slide 8: Execution Path 2025 - Stronger Structure, Sharper Delivery
Execution Path 2025 - Stronger Structure, Sharper Delivery Phase 1 - Foundation Laid (Q1 2025) Appointed COO, CTO & CHRO Defined roles & governance model Introduced TEAM GARO structure Phase 2- Strengthen & Align (May-Aug) Country strategy reviews R&D & Ops steering kickoff CRM, HR and supply chain
Slide 9: Outlook
Outlook Staying the Course - Ready When the Market Turns Q1 2025 Position * Clear direction, despite a cautious market * Operational progress and cost control paying off * Leadership team in place to drive the next phase * Stronger foundations in Electrification and Emobility * Cash flow and EBIT im
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