GARO: Q3 sales up 6%, but Entity exit brings SEK 111m impairment
Sweden's GARO lifted Q3 sales 6% and adjusted EBIT to SEK 10m, while its GARO Entity exit triggered a SEK 111m non-cash impairment, per TradingView.
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what happened
Swedish company GARO reported third-quarter results with sales up 6% year on year and adjusted EBIT rising to SEK 10m. The main driver was growth in its electrification business together with better profitability. At the same time, the company is exiting GARO Entity, which led to a SEK 111m non-cash impairment. According to TradingView, demand in the United Kingdom and Ireland remained strong.
why it matters
For investors, the key question is whether the impairment reflects a one-off cost of leaving Entity or a weaker core business. Higher adjusted profit points to resilience in electrification, but the reported result after the write-down remains under pressure. The news matters mainly for GARO shares and smaller companies in the Swedish electrical equipment sector.
market impact
GARO shares: higher adjusted profit against a large non-cash write-down gives a mixed effect
- GARO shares mixed — higher adjusted EBIT conflicts with the SEK 111m non-cash impairment
tags
instruments
sources
- GARO: Electrification growth lifted adjusted EBIT as the Entity exit drove a SEK 111m impairment — TradingView, 13 November 2026 at 09:29 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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