Business
GARPCO.B: Profitability fell despite higher sales, as restructuring and market headwinds weighed on results
GARPCO.B: Profitability fell despite higher sales, as restructuring and market headwinds weighed on results
About this update from Garpco Ab
Net sales rose 5% year-over-year, but profitability declined sharply due to weak construction demand, currency effects, and one-off costs. Restructuring is underway, with improved Q2 order intake and a focus on core, resilient business areas.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.