GARO develops and manufactures innovative and solution-oriented products and systems for the electrical installations industry under its own brand. The product areas are Electrical distribution products, Project business, Temporary power and E-mobility. GARO has a broad product assortment and is a market leader in several product areas. The corporate culture strives for common sense and willingness to move ahead, which it says allows it to offer truly user-friendly solutions with continuous innovation.
Continued product development and new launches have the potential to achieve organic growth exceeding market growth. Potential for geographical expansion and new business areas. Also, on the back of GARO's very solid balance sheet, there are opportunities to grow through value-added acquisitions.
Weaker construction market and lower industry growth. Unexpected competition in the EV charger segment.