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