Garo
GARO is a company specializing in electrification and e-mobility solutions, with a focus on providing innovative products for infrastructure projects. The company has faced challenges in its e-mobility segment but continues to maintain stability in its electrification business. GARO is actively involved in significant projects such as the Stockholm Bypass and new prison constructions, indicating its role in large-scale infrastructure development. The company is headquartered in Hillerstorp, Sweden, and is undergoing strategic leadership changes to enhance its business development and financial control.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueIncludes electrical distribution and management systems
Comprises charging stations and related services
Customers
GARO serves a diverse range of customers, primarily focusing on large infrastructure projects and public sector clients. The company's electrification solutions are sought after by construction companies and municipalities involved in significant infrastructure developments. E-mobility products cater to both public and private sectors, including businesses looking to expand their electric vehicle charging capabilities. GARO's customer base is strategically important, as it includes key players in the Nordic infrastructure and energy sectors.
Electrification solutions for large-scale projects
E-mobility and electrification for municipal projects
E-mobility solutions for expanding EV infrastructure
Strategy
GARO's strategic priorities include stabilizing its electrification business while addressing challenges in the e-mobility segment. The company is focusing on strengthening financial controls and enhancing cash flow to support its operations. Leadership changes, including the appointment of a new CEO, are aimed at driving business development and improving operational efficiency. GARO is committed to maintaining its role in large infrastructure projects, which are crucial for its growth and competitive positioning in the Nordic market.
To maintain core revenue streams
To capture growth in EV infrastructure
To improve cash flow and reduce debt
Geography
GARO operates primarily in the Nordic region, with a strong presence in Sweden where its headquarters are located. The company is involved in significant infrastructure projects across Sweden, such as the Stockholm Bypass. This geographic focus allows GARO to leverage its expertise in electrification and e-mobility within a region known for its commitment to sustainable infrastructure. The company's operations are strategically positioned to capitalize on the growing demand for electrification solutions in the Nordic countries.
Risks
GARO faces several risks, including the ongoing challenges in its e-mobility segment, which could impact revenue growth. The company's reliance on large infrastructure projects exposes it to project-specific risks such as delays or cancellations. Economic fluctuations in the Nordic region may affect public sector spending on infrastructure, posing a risk to GARO's core business. Additionally, the competitive landscape in electrification and e-mobility sectors presents a risk of losing market share to more agile competitors.
- E-mobility ChallengesImpact: HighLikelihood: High
Could impact revenue growth
- Project-Specific RisksImpact: MediumLikelihood: Low
Delays or cancellations could affect revenue
- Economic FluctuationsImpact: MediumLikelihood: Low
Affects public sector spending
Accounting
Judgemental itemsAffects income fluctuations and project timing
Impact comparability of financial performance
Crucial for financial stability
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Last updated: 24/09/2026