Garo Aktiebolag (publ) (GARO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

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 Niedmark for some outlook and perhaps help me 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, the project called Förebyfarten, Going forward, we will continue to strengthen our core business through product development and more launches. Collaboration with installers will be deepened through closed dialogues, which will also directly affect product development. When it comes to Garo e-mobility, the market for plug-in vehicles in Sweden has been stable during 2025 and also showed growth in some European markets. why, sadly to say, Garo's sales in the business area did not meet our expectations. However, we did deliver a large number of 43 kilowatt chargers to the transportation sector in France, and we are seeing a growing interest in the Nordic region and Europe for robust AC charging, even for heavy vehicles. At the same time, new standards such as ISO 115, 118 are now shaping the next step in the industry. Each enables plug and charge where vehicles and charges automatically recognize each other and lays the foundation for smart charging. For us, this means both new requirements but also great opportunities. Looking at o...