Interim report January - September 2015
Kai Wärn, President and CEO:“The solid improvement trend continued into the seasonally weaker third quarter. Group operating income increased by 22% and the operating margin rose by 0.6 percentage points to 5.5%, despite adverse impact from changes in exchange rates. The Accelerated Improvement Program (AIP) continues to deliver earnings growth and margin recovery. Net sales, adjusted for changes in exchange rates, increased in the higher margin divisions Husqvarna, Gardena and Construction. For the Consumer Brands Division, the decline in sales as a consequence of our prioritization