Interim report January – September 2017
Kai Wärn, President and CEO:“Net sales for the Group in the seasonally smaller third quarter continued to grow, increasing by 4% adjusted for currency. Operating income amounted to SEK 433m (431), including a restructuring cost of some SEK 50m in the Construction Division. Our three divisions with growth targets, Husqvarna, Gardena and Construction, continue to deliver on their profitable growth strategies. Their combined organic growth rate has increased from 3.3% in 2016 to 5.4% on a rolling twelve months basis, with improved operating margins. We continue to invest in strategic