INTERIM REPORT JANUARY - JUNE 2020
Henric Andersson, President & CEO:“We have delivered a very good quarter. After a challenging start, given the Covid-19 situation, demand accelerated quickly as markets gradually reopened and consumers showed a high interest in lawn and garden products. We improved our operating margin to 16.3% (15.4) in the quarter driven by temporary cost avoidance activities and a favorable product mix. Net sales grew by 3% when adjusting for Consumer Brands exits and changes in exchange rates. We achieved growth in key categories such as watering, robotics & battery, handheld products and