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  • Husqvarna Group
    Regeringsgatan 28, Box 7454, SE-103 92 Stockholm
    +46 (0)8 738 90 00
    http://www.husqvarnagroup.com
  • Media Relations
    +46 8 738 90 80
    http://husqvarnagroup.com/en/press
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    Continued challenging market conditions with intensified promotional activities, particularly in North America, impacts Husqvarna Group's financial performance in the fourth quarter

    Continued market conditions with intensified promotional activities, particularly in North America, and an unfavorable product mix, continue to have an impact on the Group's sales and operating result in the fourth quarter. In addition, retail partners and servicing dealers are focusing on reducing their inventory levels resulting in reduced production volumes and lower capacity utilization.As a result, the Group estimates the organic sales for the fourth quarter to decline by –5% compared to the previous year with an operating income of approximately SEK –700m to –800m (excluding items

    Torbjörn Lööf proposed as new Chair of the Board of Husqvarna AB

    Tom Johnstone declines re-election as Chair of the Board of Husqvarna AB. He will remain as Board Chair until the next Annual General Meeting, to be held on April 29, 2025.  The Nomination Committee intends to propose the election of Torbjörn Lööf as new Chair of the Husqvarna AB Board.Tom Johnstone has served as the Chair of the Board of Husqvarna AB since 2015 and has been a member of the Board since 2006. Torbjörn Lööf has been part of Husqvarna’s Board of Directors since 2023 and was elected Deputy Chair of the Board at the Board’s statutory board meeting held in connection with the

    Husqvarna Group recognized as diversity leader by Financial Times

    Husqvarna Group is reaffirming its position as a Diversity Leader, securing the prestigious title from Financial Times and Statista for the fourth consecutive year. In the 2025 ranking Husqvarna Group is placed 141 among 850 European companies, and on a seventh position among Swedish companies.The FT-Statista Diversity Leaders ranking is based on the views of over 100,000 employees across Europe, combined with three objective indicators: - The share of women in management positions (e.g. executive committees, boards of directors, supervisory boards) - Diversity communications (e.g.

    New satellite data showing - Urban Green Spaces continue to decline across the world

    Today, Husqvarna Group unveils the Urban Green Space Report 2024, highlighting a concerning decline in urban green spaces worldwide. Analyzing satellite data and AI insights from 344 cities across 62 countries, the report reveals that 75% of these cities have seen a reduction in green spaces. The trend thus continues in the same direction as in previous years.Since 2019, Husqvarna Group's HUGSI (Husqvarna Urban Green Space Insights) has provided critical data on urban green space development. HUGSI's tools are used in international research and as a basis for decision-making by cities

    How green are cities around the world?

    Green spaces are essential for cities’ health, improving air quality, reducing noise and enhancing biodiversity meanwhile creating possibilities for salubrious recreation. Husqvarna Group welcomes you to the exclusive presentation of Urban Green Space report 2024, sharing insights from analyzing urban green spaces around the world with the help of satellite data and AI. A total of 344 cities in 62 countries across six continents have been analyzed, giving important insights of how the cities’ green spaces have developed over the past years.Since 2019, Husqvarna Group has presented global

    Husqvarna Group Announces Further Cost Reductions and Profitability Improvement Initiatives

    Husqvarna Group is initiating further cost reductions and profitability initiatives to address the challenging market and constrained consumer spending. These measures are expected to result in fixed cost savings of SEK 500m per year and will impact approximately 400 positions across the Group.The new cost saving measures announced today are in addition to the ongoing cost savings programs launched in 2022 and 2023, where the Group is reducing costs to enable increased investments in its strategic value creation areas: robotic mowers, battery products, watering, and professional solutions.

    INTERIM REPORT JANUARY – SEPTEMBER 2024

    Growth in the strategic areas robotics and battery Third quarter 2024 · Net sales decreased by 7% to SEK 9,739m (10,512). Changes in exchange rates impacted by -3%. Organic sales decreased by 4%. · Planned exits of low-margin petrol-powered business have been completed, with no sales impact in the quarter. · Operating income was SEK 52m (398) and the operating margin was 0.5% (3.8). · Excluding items affecting comparability, the operating income amounted to SEK 53m (415) and the operating margin was 0.5% (3.9). · Earnings per share before dilution amounted to SEK -0.27 (

    Husqvarna Group appoints Maha Elkharbotly as President of the Gardena Division

    Maha Elkharbotly has been appointed President of the Gardena Division and will also be a member of Husqvarna Group's executive management team.Maha Elkharbotly holds an MBA in Marketing from the University of Illinois and is currently President at I-Health, a wholly owned subsidiary of DSM Firmenich. Maha has previously held multiple executive positions at DSM Firmenich, LIXIL, Grohe and Whirlpool.     "I am very pleased to welcome Maha to Husqvarna Group. Her broad experience and strong knowledge in sales, marketing, channel management and leadership will be valuable assets in the

    Husqvarna Group unveils four new robotic lawnmowers for professional green space management

    Husqvarna Group, a global leader in outdoor power products and robotics, announces four new powerful robotic lawnmowers for commercial use. These cutting-edge models expand the boundary wire-free offering, enhancing flexibility and continue to revolutionize turf management for sports fields, golf courses, and facility maintenance.The new Husqvarna Automower models - 580L EPOS, 580 EPOS, 560 EPOS, and an updated 535 AWD EPOS - showcase the company's dedication to innovative landscaping technology. All four models offer features such as precision GPS navigation, boundary wire-free mowing, and

    Invitation – presentation of Husqvarna Group’s report for the third quarter 2024

    Husqvarna Group will publish its third quarter results on October 23, 2024, at approximately 07:00 CET. A combined webcast and conference call hosted by CEO Pavel Hajman and CFO Terry Burke will be held at 10:00 CET the same day. The presentation will be held in English and followed by a Q&A session.Link to the webcast: https://husqvarnagroup.creo.se/cedeece6-0700-4eb4-8457-f49a744d3dd3 

    Conversion of shares

    According to Husqvarna AB´s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in Husqvarna AB. When such a conversion has occurred, the company is obligated by the Act on Trading in Financial Instruments to disclose any such change.In August 2024, at the request of shareholders, 88 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 154,677,062.3.   The total number of registered shares in the company amounts to 576,343,778 shares of

    Husqvarna AB’s Nomination Committee for the 2025 Annual General Meeting

    The members of the Nomination Committee for the Husqvarna AB 2025 Annual General Meeting (“AGM”) have now been appointed, as follows:Petra Hedengran (Chair, appointed by Investor AB) Louise Lindh (appointed by L E Lundbergföretagen AB) Fredrik Ahlin (appointed by If Skadeförsäkring AB) Oskar Börjesson (appointed by Livförsäkringsbolaget Skandia) Tom Johnstone (Board Chair of Husqvarna AB)   Such appointments have been made in accordance with the rules last approved by the Husqvarna AB AGM. Those rules state that the Nomination Committee shall consist of one representative

    Challenging market conditions continue to impact Husqvarna Group’s financial performance in the third quarter

    Challenging market conditions and restrained consumer spending continue to have an impact on the Group’s sales and operating result in the third quarter. In addition, the gardening season is gradually coming to an end with retail partners and servicing dealers reducing their inventory levels.Cash flow is expected to remain strong, partly driven by reductions in the Group’s inventory levels.   As a result of these combined factors, the Group’s organic sales for the third quarter are expected to decline by approximately 5%, compared to the previous year with an approximately break-even

    Conversion of shares

    According to Husqvarna AB´s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in Husqvarna AB. When such a conversion has occurred, the company is obligated by the Act on Trading in Financial Instruments to disclose any such change.In July 2024, at the request of shareholders, 10 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 154,677,141.5.   The total number of registered shares in the company amounts to 576,343,778 shares of

    Husqvarna Group to acquire InCeres - a digital platform in the light agriculture segment

    Husqvarna Group has signed an agreement to acquire the Brazilian company InCeres, a digital platform in the Professional light agriculture segment. InCeres is an expert in soil analysis that facilitates decision-making and improves productivity for farmers. Its precise agriculture digital platform will act as the cornerstone for establishing Husqvarna Group’s Total Farm Management offering in the Light Agriculture business unit within the Husqvarna Forest & Garden Division.With climate change, farmland reduction, healthier food demand and an increasing population, Husqvarna Group

    INTERIM REPORT JANUARY – JUNE 2024

    Solid cash flow in a quarter affected by weak market conditions Second quarter 2024 · Net sales decreased by 9% to SEK 15,430m (16,976). Changes in exchange rates impacted with -1%. · Planned exits of low-margin petrol-powered business impacted with -2%. Organic sales decreased by 6%. · Operating income was SEK 1,899m (2,101) and the operating margin was 12.3% (12.4). · Excluding items affecting comparability, the operating income amounted to SEK 1,906m (2,313) and the operating margin was 12.4% (13.6). · Earnings per share before dilution amounted to SEK 2.22 (2.47) and

    Husqvarna Group - One of the World's Most Sustainable Companies according to TIME and Statista

    Husqvarna Group has been acknowledged by TIME and Statista as one of the world's most sustainable companies in their 2024 ranking. When TIME and Statista acknowledged the 500 companies Doing best for the Earth in 2024, Husqvarna Group achieved an impressive ranking of 183rd. The recognition follows a rigorous evaluation process that assessed the world's 5,000 leading companies across various sectors.To qualify, the companies at the top of the list have signed on to some of the most respected climate programs, including the 1.5°C target from the Science Based Targets initiative (SBTi), and

    Husqvarna and Liverpool FC break new ground with unique global partnership

    Husqvarna, the world leader in robotic lawnmowing and part of Husqvarna Group, is proud to partner with Liverpool Football Club – one of the most iconic football clubs in the world. As part of the multi-year global agreement, Husqvarna will become the official groundskeeping partner of Liverpool FC, the first partnership of its kind for both parties.Since 2021, LFC has been using Husqvarna robotic mowers to maintain the pristine conditions of the green spaces at AXA Training Centre, and AXA Melwood Training Centre, supporting the Grounds management team to ensure that LFC’s playing surfaces

    Conversion of shares

    According to Husqvarna AB´s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in Husqvarna AB. When such a conversion has occurred, the company is obligated by the Act on Trading in Financial Instruments to disclose any such change.In June 2024, at the request of shareholders, 50,000 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 154,677,150.5. The total number of registered shares in the company amounts to 576,343,778 shares of

    Financial Times again recognizes Husqvarna Group as "Climate Leader"

    Husqvarna Group has been recognized as "Climate Leader" by Financial Times for the third consecutive year. Husqvarna Group is ranked as number 74 among thousands of European scrutinized companies, showing the company’s dedication to reducing carbon emissions while driving business growth. Among Swedish companies, Husqvarna Group ranks as number one in the category Personal and Household goods.Since 2021, the Financial Times and Statista has compiled the list of “Europe’s Climate Leaders.” This prestigious ranking includes European companies that achieved significant reductions in their core

    Husqvarna Group’s Carbon Emissions Halved

    Husqvarna Group, a global leader in outdoor power products, has successfully halved its absolute CO2 emissions compared to the 2015 baseline year. A significant milestone achieved at the same time as the business's sales has increased by 47 percent.Carbon is one of Husqvarna Group’s three Sustainability targets, together with Circular  and People , with a -35% CO2 reduction target by 2025. The carbon target is approved by the Science Based Targets initiative (SBTi), reflecting the Group’s commitment of

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