Products and systems for the electrical installations industry

GARO

GARO develops and manufactures innovative and solution-oriented products and systems for the electrical installations industry under its own brand. The product areas consist of electrical distribution, project business, temporary power and EV charging. GARO has a broad product assortment and is a market leader within several product areas. The corporate culture strives for common sense and willingness to move ahead, which is translated to the success factors to offer truly user-friendly solutions and continuing innovation.

Financials

GARO

SEKm 2017 2018 2019
Sales 796 897 938
Sales growth (%) 21 12,7 4,6
EBITDA 110 127 133
EBITDA margin (%) 13,9 14,1 14,2
EBIT adj 98 111 117
EBIT adj margin (%) 12,3 12,4 12,5
Pretax profit 96 104 116
EPS rep 8,56 8,39 9,03
EPS growth (%) 50,2 -1,9 7,6
EPS adj 8,56 8,39 9,03
DPS 4 4,5 5
EV/EBITDA (x) 16,4 12,8 11,9
EV/EBIT adj (x) 18,5 14,5 13,5
P/E (x) 20,5 18,8 17,5
P/E adj (x) 20,5 18,8 17,5
EV/sales (x) 2,3 1,8 1,7
FCF yield (%) -2,5 3,7 5,4
Dividend yield (%) 2,3 2,8 3,2
Net IB debt/EBITDA 0,5 0,3 0

Main shareholders

GARO

Main shareholders Share capital % Voting shares %
Lars Svensson 35.7 % 35.7 %
Svolder 15.0 % 15.0 %
Nordea Fonder 8.6 % 8.6 %
Stefan Jonsson 5.9 % 5.9 %
Tredje AP-fonden 4.6 % 4.6 %
Spiltan Fonder 3.9 % 3.9 %
SEB Fonder 3.7 % 3.7 %
Belgravia Capital SGIIC 2.9 % 2.9 %
Rickard Blomqvist 2.0 % 2.0 %
Lannebo Fonder 0.9 % 0.9 %