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 2018 2019 2020
Sales 897 938 993
Sales growth (%) 12,7 4,6 5,9
EBITDA 127 133 N/A
EBITDA margin (%) 13,9 14,1 14,2
EBIT adj 98 111 117
EBIT adj margin (%) 12,3 12,4 12,5
Pretax profit 104 116 125
EPS rep 8,39 9,03 9,72
EPS growth (%) -1,9 7,6 7,6
EPS adj 8,39 9,03 9,72
DPS 4,5 5 5,5
EV/EBITDA (x) 14,2 13,2 12
EV/EBIT adj (x) 16,1 15 13,7
P/E (x) 21 19,5 18,1
P/E adj (x) 21 19,5 18,1
EV/sales (x) 2 1,9 1,7
FCF yield (%) 3,3 4,9 4,9
Dividend yield (%) 2,6 2,8 3,1
Net IB debt/EBITDA 0,3 0 -0,3

Main shareholders

GARO

Main shareholders Share capital % Voting shares % Verified
Lars Svensson 35.7 % 35.7 % 31 Dec 2018
Svolder 15.0 % 15.0 % 31 Dec 2018
Nordea Fonder 9.3 % 9.3 % 31 Dec 2018
Stefan Jonsson 5.9 % 5.9 % 31 Dec 2018
Tredje AP-fonden 4.8 % 4.8 % 31 Dec 2018
SEB Fonder 4.2 % 4.2 % 31 Dec 2018
Spiltan Fonder 3.9 % 3.9 % 31 Dec 2018
Belgravia Capital SGIIC 2.5 % 2.5 % 30 Sep 2018
Rickard Blomqvist 2.2 % 2.2 % 1 Nov 2018
Avanza Pension 0.7 % 0.7 % 31 Dec 2018
Source: Holdings by Modular Finance AB

Insider list

GARO

Name
Rickard Blomqvist
Volador AB
Volador AB
Volador AB
Volador AB
Alestubben AB
Patrik Andersson
Lars Kvarnsund
Lars Kvarnsund
Lars Kvarnsund
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