GARO AB to exit Entity EV chargers, takes SEK 150M impairment

GARO will discontinue its GARO Entity charger family over the next 6-9 months to refocus on Electrification. The company estimates a non-cash impairment of approximately SEK 150 million to EBIT during the phase-out, while GARO Entity has a yearly turnover of about SEK 100 million.