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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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    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

    INTERIM REPORT JANUARY – MARCH 2024

    Well positioned for the gardening seasonFirst quarter 2024 · Net sales decreased by 14% to SEK 14,719m (17,167). Changes in exchange rates had a neutral effect.  · Planned exits of low-margin petrol-powered business impacted with -4%. Organic sales* decreased by 11%. · The Gardena Division achieved an organic growth of 2%. · Operating income was SEK 1,930m (2,364) and the operating margin was 13.1% (13.8).  · Earnings per share before dilution amounted to SEK 2.31 (2.90) and earnings per share after dilution amounted to SEK 2.31 (2.88). · Cash flow from operations and

    Bulletin from the Annual General Meeting of Husqvarna AB (publ)

    The AGM of Husqvarna AB (publ) was held on April 18, 2024 The AGM was held physically at Jönköping Concert & Congress hall at Elmia in Jönköping and the shareholders had the option to attend the meeting via advance voting (postal voting)   Adoption of the profit and loss statements and balance sheets, dividend and discharge of liability The profit and loss statements and the balance sheets were adopted. The Board of Directors’ proposal for the disposition of profits was approved. The dividend was set at SEK 3.00 per share to be paid in two installments, firstly SEK 1.00 per

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

    Husqvarna Group will publish its first quarter results on April 24, 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: husqvarnagroup.creo.se/891cd80d-8cee-477f-9645-78b81c459fa2   To join the telephone conference: Sweden: +46 (0)8 505 100 31 United Kingdom: +44 (0) 207 107 06 13 United States: +1 (1) 631 570 56 13   The report and presentation will also be available on

    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 February 2024, at the request of shareholders, 980,183 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 154,722,150.5. The total number of registered shares in the company amounts to 576,343,778 shares

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