12.34
+0.82%
Close of 9 Nov 2026, in SEK
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About Garo
Its shares trade on Nasdaq Stockholm under the ticker GARO.ST. It has been listed since 16 March 2016. In the fiscal year to 31 December 2025, it reported revenue of SEK 1.04bn and a net loss of SEK 17.5m. At that date it held total assets of SEK 1.00bn and shareholders' equity of SEK 529.4m.
GARO AB engages in the development, manufacture, and marketing of electrical installation material and charging infrastructure. The company is headquartered in Gnosjoe, Vastra Gotalands. The company went IPO on 2016-03-16. The firm offers a wide range of electrical products, such as plugs and sockets, switches, switchboards GCS, switchboard systems GPK, cable boxes, bottom boxes, terminals, junction boxes, aluminum enclosures, IT cabinets, meter cabinets, meter boards, consumer units, din rail components, switchgears, outletboxes, sunenergyproducts, workplace lighting, distribution boards, EV-charges, marina pedestals, residual current devices, safety isolators, circuit breakers, among others. The firm operates through a number of subsidiaries in such countries, as Finland, Norway, Ireland, Poland, among others. The firm operates WEB-EL Forsaljning AB as subsidiary.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Industrials
- Industry
- Electrical Equipment
- Listed since
- 16 Mar 2016
- Employees
- 520
- Website
- garo.se ↗
Leadership
Pay as last reported
- Mr. Rickard BlomqvistChairman of the Board, since 2015SEK 800,000
- Mr. Jonas KlarenPresident, Chief Executive Officer
- Ms. Helena ClaessonChief Financial Officer
- Mr. Joe ReeChief Operating Officer
- Mr. Karin WigertChief Human Resources Officer
- Mr. Paul FoxChief Technology Officer
- Mr. Hakan DavidssonSupply Chain Director
- Mr. Daniel EmilssonBusiness Area Manager - GARO Electrification, since 2023
- Ms. My BaeckDirector, Employee Representative
- Mr. Jonas LohtanderDirector, Employee Representative
- Mr. Martin AlthenIndependent DirectorSEK 400,000
- Ms. Susanna HilleskogIndependent DirectorSEK 300,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 50
- Environment
- 54
- Social
- 70
- Governance
- 25
- Energy emissions (scope 2)
- 250 t
- Women in the workforce
- 41%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Garo AB employs 520 full-time employees in Gnosjoe, Sweden.
- Garo AB offers a wide range of electrical products including EV-charges and switchgears.
- Garo AB operates subsidiaries in Finland, Norway, and Ireland.
Weaknesses
- Garo AB's headquarters is in Gnosjoe, Sweden, a small city.
- Garo AB's business is limited to electrical equipment and installation materials.
- Garo AB has no mention of digital transformation initiatives.
Opportunities
- Garo AB can expand its EV-charges market in Norway and Poland.
- Garo AB can leverage its subsidiary in Ireland for European market growth.
- Garo AB can increase sales of switchgears in the Swedish market.
Threats
- Garo AB faces competition from established electrical equipment manufacturers in Sweden.
- Garo AB's reliance on subsidiaries in Finland, Norway, and Ireland poses operational risks.
- Garo AB's product range lacks innovation in renewable energy solutions.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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