Q4 in line with pre-announced numbers
GARO's Q4 was in line with the pre-announced numbers, with sales of SEK 342m (1% above our forecast of SEK 339m). E-mobility was still burdened by component issues, but this should improve gradually as production levels of the new Entity product line increases, which management expects to reach full production in the summer of '23. GARO had a non-recurring cost of SEK 15m due to the replacement of a technical platform. All in all, this resulted in a net income of SEK 7m (ABGSCe SEK 6m).
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