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GARO AB ( (SE:GARO) ) has issued an update.
GARO AB will consolidate its production by moving manufacturing from Poland to its Swedish sites in Gnosjö and Hillerstorp as part of a long-term strategy to increase efficiency and competitiveness. The shift reflects reduced cost advantages in Poland, enables economies of scale and closer coordination with development and sales, and will require expanding the Swedish production workforce while affecting about 80 employees in Poland.
The transition, to be carried out in stages during 2026, is expected to avoid disruption to customer deliveries and generate annual net savings of at least SEK 25 million after higher Swedish staffing costs. GARO will also sell its Polish property, valued at around SEK 110–130 million, and close its German sales office while serving that market via existing channels, targeting an additional SEK 5 million in cost savings and reinforcing its profitability and operational efficiency over time.
The most recent analyst rating on (SE:GARO) stock is a Hold with a SEK23.00 price target. To see the full list of analyst forecasts on GARO AB stock, see the SE:GARO Stock Forecast page.
More about GARO AB
GARO AB is a Swedish company that develops, manufactures and markets products and systems for the electrical installation market under its own brand. Its offering spans installation equipment, e-mobility solutions, project-based systems and temporary electricity products, with a focus on electrical safety, user-friendliness and sustainability, and it operates internationally from its headquarters in Gnosjö.
YTD Price Performance: -30.84%
Average Trading Volume: 62,215
Technical Sentiment Signal: Strong Sell
Current Market Cap: SEK592M
Learn more about GARO stock on TipRanks’ Stock Analysis page.