Interim report January – September 2018
Kai Wärn, President and CEO:“The third quarter was largely characterized by a continuation of the warm and dry weather in central and northern Europe, that had a subdued effect on demand for lawn mowing products and services, while demand for watering products was positively affected. This was reflected in the decrease of net sales adjusted for changes in exchange rates in Husqvarna Division by 5% and the increase by 23% in Gardena Division. Net sales for the total Group increased 1% adjusted for changes in exchange rates. Operating income for the Group, excluding items affecting