Garo Aktiebolag (publ) reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was SEK 370.3 million compared to SEK 381.6 million a year ago. Revenue was SEK 370.9 million compared to SEK 382.2 million a year ago.

Net income was SEK 20.7 million compared to SEK 53.7 million a year ago. Basic earnings per share from continuing operations was SEK 0.41 compared to SEK 1.07 a year ago.