Garo Aktiebolag (publ) reported earnings results for the fourth quarter ended December 31, 2022. For the fourth quarter, the company reported sales was SEK 341.8 million compared to SEK 370.1 million a year ago. Revenue was SEK 343.3 million compared to SEK 373.7 million a year ago.

Net income was SEK 7 million compared to SEK 46.4 million a year ago. Basic earnings per share from continuing operations was SEK 0.14 compared to SEK 0.93 a year ago.