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Garo GARO.ST · SEK

Industrials · Nasdaq Stockholm · 🇸🇪 Sweden

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12.34

+0.82%

Close of 9 Nov 2026, in SEK

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 1.04bn

FY2016FY2025

Net income

−SEK 17.5m

FY2016FY2025

Free cash flow

SEK 46.3m

FY2016FY2025

Shareholders' equity

SEK 529.4m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 1.04bnSEK 1.15bnSEK 1.37bnSEK 1.39bnSEK 1.30bnSEK 1.04bnSEK 1.01bnSEK 903.7mSEK 796.0mSEK 657.8m
Research and development—SEK 22.9mSEK 16.6mSEK 11.2mSEK 11.4mSEK 4.3mSEK 2.6mSEK 2.6mSEK 2.3mSEK 3.2m
Operating income−SEK 10.1m−SEK 55.7mSEK 51.1mSEK 191.4mSEK 244.9mSEK 156.1mSEK 135.2mSEK 113.8mSEK 98.1mSEK 73.8m
Net income−SEK 17.5m−SEK 60.1mSEK 31.3mSEK 120.5mSEK 166.7mSEK 95.4mSEK 85.7mSEK 82.7mSEK 85.6mSEK 57.0m
Diluted earnings per share-0.35-1.200.632.413.331.911.711.651.711.14

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 1.00bnSEK 1.11bnSEK 1.20bnSEK 1.15bnSEK 936.9mSEK 743.3mSEK 657.4mSEK 565.8mSEK 533.9mSEK 374.0m
Cash and short-term investmentsSEK 17.0mSEK 16.5mSEK 50.0mSEK 29.5mSEK 81.6mSEK 69.4mSEK 40.8mSEK 8.4mSEK 28.2mSEK 41.6m
Total liabilitiesSEK 475.6mSEK 556.6mSEK 589.1mSEK 539.4mSEK 385.4mSEK 313.0mSEK 314.4mSEK 269.6mSEK 281.2mSEK 179.6m
DebtSEK 256.8mSEK 298.1mSEK 272.1mSEK 173.2mSEK 72.2mSEK 80.7mSEK 86.4mSEK 54.1mSEK 84.3mSEK 24.3m
Shareholders' equitySEK 529.4mSEK 555.5mSEK 609.5mSEK 614.1mSEK 551.5mSEK 430.3mSEK 343.0mSEK 296.2mSEK 252.7mSEK 194.4m
Shares outstanding50m50m50m50m50m50m50m50m50m50m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 57.9m−SEK 35.8mSEK 25.6mSEK 89.2mSEK 121.7mSEK 86.9mSEK 121.9mSEK 73.9mSEK 51.5mSEK 48.4m
Capital spending−SEK 11.6m−SEK 19.6m−SEK 108.2m−SEK 120.1m−SEK 45.3m−SEK 39.6m−SEK 31.0m−SEK 23.2m−SEK 51.4m−SEK 12.8m
Free cash flowSEK 46.3m−SEK 55.4m−SEK 82.6m−SEK 30.9mSEK 76.4mSEK 47.3mSEK 90.9mSEK 50.7mSEK 100,000SEK 35.6m
Dividends paid——−SEK 40.0m−SEK 70.0m−SEK 47.5m−SEK 47.5m−SEK 40.3m−SEK 40.4m−SEK 28.9m−SEK 20.3m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 272.3mSEK 246.2mSEK 261.0mSEK 251.3mSEK 266.5mSEK 264.8mSEK 283.8mSEK 269.4m
Operating income−SEK 23.2m−SEK 15.0m−SEK 4.9m−SEK 1.7mSEK 1.0m−SEK 2.5mSEK 3.3m−SEK 48.0m
Net income−SEK 20.3m−SEK 16.9m−SEK 4.4m−SEK 4.5m−SEK 8.6mSEK 400,000−SEK 1.3m−SEK 41.9m
Diluted earnings per share-0.41-0.34-0.09-0.09-0.170.01-0.03-0.84
Cash from operationsSEK 13.0m−SEK 7.0mSEK 37.0mSEK 10.0mSEK 9.0m—SEK 37.0m−SEK 20.0m
Capital spending−SEK 3.0m−SEK 6.0m—−SEK 1.0m−SEK 2.0m−SEK 1.0m−SEK 4.0m−SEK 4.0m
Free cash flowSEK 10.0m−SEK 13.0m—SEK 9.0mSEK 7.0m—SEK 33.0m−SEK 24.0m
Total assetsSEK 1.02bnSEK 1.02bnSEK 1.00bnSEK 1.05bnSEK 1.06bnSEK 1.07bnSEK 1.11bnSEK 1.17bn
Cash and short-term investmentsSEK 6.3mSEK 16.9mSEK 17.0mSEK 11.4mSEK 11.2mSEK 16.1mSEK 16.5mSEK 15.4m
DebtSEK 187.7mSEK 240.5mSEK 256.8mSEK 281.3mSEK 287.5mSEK 298.8mSEK 298.1mSEK 331.0m
Shareholders' equitySEK 495.8mSEK 514.3mSEK 529.4mSEK 539.0mSEK 544.2mSEK 547.3mSEK 555.5mSEK 553.8m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-9.1%0.1%6.5%

Average margins

Over each period

1 year3 years5 years10 years
Operating margin-3.0%3.6%7.9%9.5%
Net margin-3.5%1.5%4.6%6.2%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-48.9-19.269.545.164.866.635.821.020.528.4
Price to sales0.81.01.63.98.36.13.01.92.22.5

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years. Last went ex-dividend on 14 Nov 2023.

FY2023FY2022FY2021FY2019FY2018FY2017
Paid in the year0.801.400.950.800.800.57
  • 5-for-1 split · 25 May 2021

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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