GARO AB (SE:GARO)
:GARO
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GARO AB
(GARO)
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Rating:47Neutral
Price Target:
kr11.00
▼(-37.78% Downside)
Action:ReiteratedDate:02/21/26
The score is held back primarily by deteriorating profitability (two consecutive loss-making years and declining revenue) and bearish technical positioning (price below key moving averages with negative MACD). Balance-sheet resilience and improved 2025 cash generation provide partial support but are not yet strong enough to outweigh the earnings and trend weakness.
Positive Factors
Product mix & market exposure
GARO's mix of electrical installation products and EV charging hardware sold through professional distribution gives structural exposure to electrification and EV adoption in Northern Europe. These B2B channels (installers, wholesalers, projects) provide recurring demand tied to construction and retrofit cycles, supporting stable long-term revenue opportunities if regional electrification trends continue.
Negative Factors
Revenue and profit decline
The company moved from healthy margins in 2020–2022 to revenue declines and net losses in 2024–2025, signaling structural pressure on demand, pricing, or cost control. Prolonged top-line weakness undermines operating leverage and erodes intrinsic earnings power, making recovery dependent on sustained margin restoration or renewed revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Product mix & market exposure
GARO's mix of electrical installation products and EV charging hardware sold through professional distribution gives structural exposure to electrification and EV adoption in Northern Europe. These B2B channels (installers, wholesalers, projects) provide recurring demand tied to construction and retrofit cycles, supporting stable long-term revenue opportunities if regional electrification trends continue.
Read all positive factors
GARO AB (GARO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr561.00M
Dividend YieldN/A
Average Volume (3M)18.34K
Price to Earnings (P/E)―
Beta (1Y)0.23
Revenue Growth-9.58%
EPS Growth76.19%
CountrySE
Employees406
SectorIndustrials
Sector Strength72
IndustryElectrical Equipment & Parts
Share Statistics
EPS (TTM)-0.09
Shares Outstanding50,000,000
10 Day Avg. Volume19,747
30 Day Avg. Volume18,345
Financial Highlights & Ratios
PEG Ratio0.69
Price to Book (P/B)1.62
Price to Sales (P/S)0.82
P/FCF Ratio16.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.97
Revenue Forecast (FY)kr1.13B
GARO AB Business Overview & Revenue Model
Company Description
Garo Aktiebolag (publ), together with its subsidiaries, develops, manufactures, and markets electrical installation products and systems in Sweden, Norway, Finland, Poland, Ireland, and the United Kingdom. Its installation products include plugs a...
How the Company Makes Money
GARO makes money primarily by selling electrical installation products and EV charging hardware and related solutions through professional distribution and project channels. Key revenue streams include: (1) Installation products: revenue from supp...
GARO AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
62
Positive
Cash Flow
56
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.04B | 1.15B | 1.37B | 1.39B | 1.30B |
| Gross Profit | -10.10M | 481.50M | 60.60M | 668.50M | 650.20M |
| EBITDA | 43.70M | 500.00K | 99.60M | 180.80M | 236.70M |
| Net Income | -17.50M | -60.10M | 31.30M | 120.50M | 166.70M |
Balance Sheet | |||||
| Total Assets | 1.00B | 1.11B | 1.20B | 1.15B | 936.90M |
| Cash, Cash Equivalents and Short-Term Investments | 17.00M | 16.50M | 50.00M | 29.50M | 81.60M |
| Total Debt | 256.80M | 298.10M | 272.10M | 173.20M | 72.20M |
| Total Liabilities | 475.60M | 556.60M | 589.10M | 539.40M | 385.40M |
| Stockholders Equity | 529.40M | 555.50M | 609.50M | 614.10M | 551.50M |
Cash Flow | |||||
| Free Cash Flow | 53.50M | -55.40M | -82.60M | -30.90M | 76.40M |
| Operating Cash Flow | 57.90M | -35.80M | 25.60M | 89.20M | 121.70M |
| Investing Cash Flow | -11.60M | -17.10M | -51.00M | -119.10M | -44.30M |
| Financing Cash Flow | -44.90M | 18.10M | 45.00M | -22.40M | -65.40M |
GARO AB Technical Analysis
Negative
17.68
Price Trends
13.86
Negative
15.11
Negative
17.18
Negative
Market Momentum
-0.78
Negative
31.42
Neutral
46.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:GARO, the sentiment is Negative. The current price of 17.68 is above the 20-day moving average (MA) of 11.57, above the 50-day MA of 13.86, and above the 200-day MA of 17.18, indicating a bearish trend. The MACD of -0.78 indicates Negative momentum. The RSI at 31.42 is Neutral, neither overbought nor oversold. The STOCH value of 46.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:GARO.
GARO AB Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
50 Neutral | kr649.65M | 28.32 | 2.34% | ― | 4.24% | 29.69% | |
49 Neutral | kr919.65M | -3.09 | 18.63% | 5.62% | ― | ― | |
48 Neutral | kr1.31B | 58.96 | 0.72% | ― | -6.38% | ― | |
48 Neutral | kr302.11M | -7.33 | ― | ― | -57.89% | 91.07% | |
47 Neutral | kr561.00M | -48.91 | -2.59% | ― | -9.58% | 76.19% | |
44 Neutral | kr1.16B | -58.70 | -7.30% | ― | 36.59% | 91.88% |
* Industrials Sector Average
SE:GARO
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SE:ELTEL
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SE:NORB.B
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Eolus Vind AB Class B
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-12.81
-25.74%
SE:FERRO
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2.80
0.31
12.68%
GARO AB Corporate Events
GARO AB Calls 2026 AGM, Sets Agenda on Governance, Capital Moves and CEO Incentives
Apr 2, 2026
GARO AB has convened its Annual General Meeting for May 13, 2026, at its premises in Hillerstorp, Sweden, outlining shareholder participation requirements, including record date, registration procedures, and rules for proxy representation and nomi...
GARO AB Tightens Control as 2025 Profitability Slips and E-Mobility Struggles
Feb 19, 2026
GARO AB reported weaker 2025 results, with full-year net sales down 9% to SEK 1,043.5 million and EBIT at SEK -8.1 million, though operating EBIT improved versus the prior year and cash flow from operating activities strengthened. The fourth quart...
GARO to Present Full-Year 2025 Report and Host Investor Call
Feb 12, 2026
GARO AB will publish its full-year 2025 report on February 19 at 08:30 CET, a key disclosure for investors tracking the company’s performance in electrical distribution and e-mobility solutions. The company will follow the release with a con...
GARO refreshes nomination committee leadership ahead of 2026 AGM
Feb 4, 2026
Following Rickard Blomqvist’s departure from GARO AB’s nomination committee, Volador AB has appointed Lars Kongstad to join representatives from Lars Svensson’s estate, Svolder AB, and the board chair, with Niklas Bogefors now le...
GARO Names COO Joe Ree Interim CEO Ahead of Leadership Transition
Jan 13, 2026
GARO AB has appointed Chief Operating Officer Joe Ree as Interim President and CEO, effective 15 January, to lead the company until incoming CEO Tobias Byfeldt takes over. Ree, who has previously served as CEO of GARO Ireland and held several seni...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.