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  • Husqvarna Group
    Regeringsgatan 28, Box 7454, SE-103 92 Stockholm
    +46 (0)8 738 90 00
    http://www.husqvarnagroup.com
  • Media Relations
    +46 8 738 90 80
    http://husqvarnagroup.com/en/press
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    INTERIM REPORT JANUARY – MARCH 2024

    Well positioned for the gardening seasonFirst quarter 2024 · Net sales decreased by 14% to SEK 14,719m (17,167). Changes in exchange rates had a neutral effect.  · Planned exits of low-margin petrol-powered business impacted with -4%. Organic sales* decreased by 11%. · The Gardena Division achieved an organic growth of 2%. · Operating income was SEK 1,930m (2,364) and the operating margin was 13.1% (13.8).  · Earnings per share before dilution amounted to SEK 2.31 (2.90) and earnings per share after dilution amounted to SEK 2.31 (2.88). · Cash flow from operations and

    Bulletin from the Annual General Meeting of Husqvarna AB (publ)

    The AGM of Husqvarna AB (publ) was held on April 18, 2024 The AGM was held physically at Jönköping Concert & Congress hall at Elmia in Jönköping and the shareholders had the option to attend the meeting via advance voting (postal voting)   Adoption of the profit and loss statements and balance sheets, dividend and discharge of liability The profit and loss statements and the balance sheets were adopted. The Board of Directors’ proposal for the disposition of profits was approved. The dividend was set at SEK 3.00 per share to be paid in two installments, firstly SEK 1.00 per

    Invitation – presentation of Husqvarna Group’s report for the first quarter 2024

    Husqvarna Group will publish its first quarter results on April 24, 2024, at approximately 07:00 CET. A combined webcast and conference call hosted by CEO Pavel Hajman and CFO Terry Burke will be held at 10:00 CET the same day. The presentation will be held in English and followed by a Q&A session.Link to the webcast: husqvarnagroup.creo.se/891cd80d-8cee-477f-9645-78b81c459fa2   To join the telephone conference: Sweden: +46 (0)8 505 100 31 United Kingdom: +44 (0) 207 107 06 13 United States: +1 (1) 631 570 56 13   The report and presentation will also be available on

    Conversion of shares

    According to Husqvarna AB´s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in Husqvarna AB. When such a conversion has occurred, the company is obligated by the Act on Trading in Financial Instruments to disclose any such change.In February 2024, at the request of shareholders, 980,183 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 154,722,150.5. The total number of registered shares in the company amounts to 576,343,778 shares

    Husqvarna Group publishes Annual and Sustainability Report 2023

    Husqvarna Group is today publishing its combined Annual and Sustainability Report for 2023 on www.husqvarnagroup.com.In 2023, Husqvarna Group has continued to develop in many of the strategic value-creating areas, despite a challenging macroeconomic situation. Husqvarna Group’s transformational journey continued with several successful product launches within robotics, battery, professional solutions, and watering. Within the sustainability focus areas – Carbon, Circular and People – the Group has progressed well, standing well-positioned to meet the customer’s future needs.   “In

    Husqvarna Group Expands Virtual Boundary Robotic Lawn Mower Range to Medium-Sized Gardens

    Husqvarna Group, market leader in robotic lawn care, introduces two new models of Husqvarna Automower® specifically designed for medium-sized gardens. The new models, Automower 310E NERA and Automower 410XE NERA, seamlessly integrate with Husqvarna’s EPOS1 satellite navigation system and features the new EdgeCut technology, ensuring neatly trimmed lawn edges.Last year, Husqvarna Group introduced a new era of robotic lawn care with the NERA series, eliminating the need for physical boundary wires in residential gardens. Now, the range expands with two models tailored for lawns up to 1000

    Husqvarna Group gets prestigious “A” Rating for its engagement with suppliers on climate change

    Husqvarna Group has for the third consecutive year been recognized as a “Global Supplier Engagement Leader” by CDP, a non-profit organization that runs a global disclosure system for investors, companies, cities, states, and regions to manage their environmental impacts. Husqvarna Group receives Rating A, confirming the company’s commitment to sustainability and reducing CO2 emissions across the value chain.More than 23,000 companies have disclosed their data to CDP and been given a Supplier Engagement Rating (SER). The SER provides a rating for how effectively companies are engaging their

    Notice of Annual General Meeting of Husqvarna AB (publ)

    The shareholders of Husqvarna AB (publ) are hereby invited to participate in the 2024 Annual General Meeting (“AGM”), which will be held on Thursday, April 18, 2024 at the Jönköping Concert & Congress hall at Elmia, Hammarskjöld Hall, Elmiavägen 15 in Jönköping, Sweden from 16:00 – 18:00 (CET).Jönköping Concert & Congress entrance opens for entry at 15:00 and the AGM starts at 16:00. Shareholders may participate in the AGM either by attending the meeting venue in person or by proxy or via the advanced voting procedures described in the Notice of Annual General Meeting to follow.

    Husqvarna Group to acquire ETwater – expanding Gardena Division’s commercial offering in North America

    Husqvarna Group has signed an agreement with Rivulis Irrigation to acquire ETwater, a pioneer in smart irrigation management for the commercial market in North America. As part of Orbit within the Gardena Division, ETwater will become the nucleus for a newly formed unit, dedicated to providing solutions for enterprise customers.ETwater is servicing customers ranging from municipalities, commercial facilities, and campuses to large residential communities with water management solutions. Both Orbit’s and ETwater’s systems integrate data science and predictive analytics about weather and

    Husqvarna Group issues its first green bond

    Husqvarna Group has successfully placed a green SEK-denominated 1 750 million 3-year bond. The bond was issued under Husqvarna Group's Medium Term Note Program (MTN). The issuance followed a well-attended road show, where Husqvarna Group presented its business strategy and how it is linked to the Company’s ESG targets.With this transaction, Husqvarna Group extends its footprint in the Swedish bond market, and the proceeds will be exclusively allocated to investments in low-carbon products and solutions. “The issuing of this green bond confirms the market confidence in Husqvarna Group’s

    Conversion of shares

    According to Husqvarna AB´s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in Husqvarna AB. When such a conversion has occurred, the company is obligated by the Act on Trading in Financial Instruments to disclose any such change.In January 2024, at the request of shareholders, 240 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 155,604,315.2. The total number of registered shares in the company amounts to 576,343,778 shares of

    Gardena launches new battery products for the 2024 gardening season

    Gardena, Husqvarna Group's leading gardening brand in Europe, is proud to announce several new products for the 2024 gardening season, marking another milestone in the company's commitment to electrification. As a pioneer in the industry, Gardena continues to lead the way by enabling garden owners to shift to battery-powered products.Central to Gardena's approach is the Power for All Alliance, a joint 18V battery system platform established together with Bosch in 2020, offering home and garden owners the flexibility of using a single battery across more than one hundred power tools from

    YEAR-END REPORT JANUARY - DECEMBER 2023

    Improved operating margin and strong cash flow for the year Fourth quarter 2023 · Net sales decreased by 17% to SEK 8,605m (10,353). Changes in exchange rates impacted with -1%. Planned exits of low-margin petrol-powered business impacted with -2%. · Organic sales declined by 15%. · Operating income was SEK -983m (-1,737) and the operating margin was -11.4% (-16.8). · Excluding items affecting comparability, the operating income amounted to SEK -168m (-13) and the operating margin was -1.9% (-0.1). · Items affecting comparability amounted to SEK -815m (-1,724), and was

    Conversion of shares

    According to Husqvarna AB´s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in Husqvarna AB. When such a conversion has occurred, the company is obligated by the Act on Trading in Financial Instruments to disclose any such change.In December 2023, at the request of shareholders, 595,723 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 155,604,531.2. The total number of registered shares in the company amounts to 576,343,778 shares

    Pär Åström to leave Husqvarna Group

    Pär Åström, President of the Gardena Division, has decided to take a position outside of Husqvarna Group. His last day at Husqvarna Group is planned to be June 30, 2024.“We thank Pär Åström for his contributions to Gardena and Husqvarna Group. During Pär Åström’s leadership the Gardena division has grown to become the global leader in residential watering and strengthened its position as a leading gardening brand”, says Pavel Hajman, CEO of Husqvarna Group. Pär Åström joined Husqvarna Group in 2013. He has held several senior management positions and has been a member of Group Management

    Conversion of shares

    According to Husqvarna AB´s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in Husqvarna AB. When such a conversion has occurred, the company is obligated by the Act on Trading in Financial Instruments to disclose any such change.In December 2023, at the request of shareholders, 20,000 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 156,140,681.9. The total number of registered shares in the company amounts to 576,343,778 shares

    Husqvarna Group establishes International Advisory Board of Biodiversity experts

    Husqvarna Group is assembling a team of experts for the newly formed Husqvarna International Biodiversity Advisory Board. This distinguished panel of senior academic representatives will serve as Husqvarna Group's guiding force in the realms of market and product development, aligning with the COP 15 commitment to safeguard and restore biodiversity by 2030.At COP 15 in 2022, global leaders committed to taking "urgent action" to "halt and reverse biodiversity loss" by the end of the decade by protecting 30% of the planet and restoring 30% of ecosystems. Husqvarna Group’s Advisory Board aims

    Husqvarna Group top listed on diversity ranking

    Husqvarna Group continues to strengthen its position as a Diversity Leader, securing the prestigious title from Financial Times for the third consecutive year. In the 2024 ranking Husqvarna Group is placed 49 among 850 European companies, marking a substantial leap from last year's 177th position. Additionally, the Group secures a fourth position among Swedish companies.The ranking foundation, based on independent surveys of more than 100,000 employees across Europe, focuses on their employer's diversity and inclusion practices. The result boiled down to a list of 850 companies recognized

    Conversion of shares

    According to Husqvarna AB´s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in Husqvarna AB. When such a conversion has occurred, the company is obligated by the Act on Trading in Financial Instruments to disclose any such change.In November 2023, at the request of shareholders, 30,000 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 156,158,681.9. The total number of registered shares in the company amounts to 576,343,778 shares

    How green are the world's cities? Husqvarna Group invites you to the presentation of HUGSI 2023

    For the fifth year in a row, Husqvarna Group invites you to present HUGSI, the Husqvarna Urban Green Space Index, with the latest data showing how the world's cities’ green areas are developing. With an AI-powered satellite function, unique insights reveal how green spaces develop in cities over time. The insights from HUGSI can make a significant difference for politicians, decision-makers, academia, urban planners, green space professionals and sustainability strategists in their work to analyze and develop urban green areas. Since its inception in 2019, the HUGSI tool has been

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