GARO AB (FRA:46GA)
€ 1.706 -0.03 (-1.73%) Market Cap: 91.61 Mil Enterprise Value: 117.01 Mil PE Ratio: 0 PB Ratio: 1.71 GF Score: 69/100
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Q3 2019 Garo AB Earnings Call Transcript

Nov 07, 2019 / 08:30AM GMT
Release Date Price: €5.83 (-15.75%)
Operator

Good morning, and welcome to the GARO Interim Report for July to September 2019. (Operator Instructions)

I shall now hand over to the CEO of GARO, Mr. Patrik Andersson.

Patrik Andersson;publ;President;CEO
Garo Aktiebolag

()-&

Thank you. Hi, and welcome to the presentation of GARO's third quarter 2019. My name is Patrik Andersson, and I'm the CEO of GARO. With me today, I have Helena Claesson, our CFO, to present the financial performance.

Next slide, please. I will start with a short introduction of the company. GARO develops and manufactures innovative products and turnkey solutions for the electrical installation markets. We divide our business into 2 business areas: Sweden, which consists of our Swedish operations; and other markets, which cover our business in Norway, Ireland, Finland and Poland. We have productions in 3 different locations: Gnosjö in Sweden, where we also have our head office; Värnamo in Sweden; and Szczecin in Poland. During the last years, we have invested more in

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