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  • Husqvarna Group
    Regeringsgatan 28, Box 7454, SE-103 92 Stockholm
    +46 (0)8 738 90 00
    http://www.husqvarnagroup.com
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    +46 8 738 90 80
    http://husqvarnagroup.com/en/press
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    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 (

    YEAR-END REPORT JANUARY - DECEMBER 2023

    Improved operating margin and strong cash flow for the year Fourth quarter 2023 · Net sales decreased by 17% to SEK 8,605m (10,353). Changes in exchange rates impacted with -1%. Planned exits of low-margin petrol-powered business impacted with -2%. · Organic sales declined by 15%. · Operating income was SEK -983m (-1,737) and the operating margin was -11.4% (-16.8). · Excluding items affecting comparability, the operating income amounted to SEK -168m (-13) and the operating margin was -1.9% (-0.1). · Items affecting comparability amounted to SEK -815m (-1,724), and was

    INTERIM REPORT JANUARY - SEPTEMBER 2023

    Strategy execution despite challenging market conditions Third quarter 2023 ·Net sales decreased by 14% to SEK 10,512m (12,206). Organic sales[1] declined by 15% and changes in exchange rates contributed with 3%. ·Planned exits of low-margin petrol-powered business impacted with -2%. ·Operating income was SEK 398m (555) and the operating margin was 3.8% (4.5). ·Excluding items affecting comparability, the operating income amounted to SEK 415m (601) and the operating margin was 3.9% (4.9). ·Earnings per share before dilution amounted to SEK 0.22 (0.47)

    INTERIM REPORT JANUARY - JUNE 2023

    Good performance in the gardening season  Second quarter 2023 · Net sales increased by 7% to SEK 16,976m (15,792). Organic sales were relatively unchanged and changes in exchange rates contributed with 7%. · Operating income was SEK 2,101m (2,065) and the operating margin was 12.4% (13.1). Excluding items affecting comparability, the operating income amounted to SEK 2,313m (2,075) and the operating margin was 13.6% (13.1). · Items affecting comparability amounted to SEK -212m (-10), and was related to the acceleration of the strategic transformation, announced in October 2022.

    INTERIM REPORT JANUARY - MARCH 2023

    Solid start to the yearFirst quarter 2023 · Net sales increased by 9% to SEK 17,167m (15,685). Organic sales growth was 2% and changes in exchange rates contributed with 7%. · Operating income was SEK 2,364m (2,159) and the operating margin 13.8% (13.8). Excluding items affecting comparability, operating income grew by 10% to SEK 2,410 (2,190) and the operating margin was 14.0% (14.0). · Items affecting comparability amounted to SEK -46m (-31) and was related to the acceleration of the strategic transformation announced in October 2022. · Earnings per share before dilution

    YEAR-END REPORT JANUARY - DECEMBER 2022

    Strong growth in the fourth quarterFourth quarter 2022 · Net sales increased by 26% to SEK 10,353m (8,234). Organic sales growth was 8%, changes in exchange rates contributed with 14% and acquisitions with 4%. · Operating income was SEK -1,737m (-132) and the operating margin -16.8% (-1.6). Excluding items affecting comparability, operating income was SEK -13m (-180) and the operating margin -0.1% (-2.2). · Items affecting comparability amounted to SEK -1,724m (48) and was mainly related to the acceleration of the strategic transformation announced in October 2022, see pages 9

    INTERIM REPORT JANUARY - SEPTEMBER 2022

    Sales growth in the quarter Third quarter 2022 · Net sales increased by 20% to SEK 12,206m (10,180). Organic sales growth was 1%, changes in exchange rates contributed with 12% and acquisitions with 7%. · Operating income was SEK 555m (926) and the operating margin 4.5% (9.1). Excluding items affecting comparability, operating income was SEK 601m (926) and the operating margin 4.9% (9.1). · Items affecting comparability amounted to SEK -46m (0), and related to restructuring costs in Russia, see page 18. · Earnings per share before dilution amounted to SEK 0.47 (1.10) and

    INTERIM REPORT JANUARY - JUNE 2022

    A quarter marked by continued supply chain constraintsSecond quarter 2022 ·Net sales increased by 8% to SEK 15,792m (14,614). The organic growth was -7%, changes in exchange rates contributed with 8% and acquisitions with 8% (growth numbers are rounded). ·Operating income was SEK 2,065m (2,659) and the operating margin was 13.1% (18.2). Excluding items affecting comparability, operating income was SEK 2,075m (2,645) and the operating margin was 13.1% (18.1). ·Items affecting comparability amounted to SEK -10m (14), and related to restructuring costs in Russia, see page

    INTERIM REPORT JANUARY - MARCH 2022

    Strong demand but sales affected by supply chain constraints First quarter 2022 · Net sales increased by 12% to SEK 15,685m (14,030). The organic growth was -2%, changes in exchange rates contributed with 6% and the acquisition of Orbit Irrigation contributed with 8%. · Operating income was SEK 2,159m (2,293) and the operating margin was 13.8% (16.3). Excluding items affecting comparability, operating income was SEK 2,190m (2,293) and the operating margin was 14.0% (16.3). · Items affecting comparability amounted to a net of SEK -31m (0) and was related to a real estate sale

    YEAR-END REPORT JANUARY - DECEMBER 2021

    A record year Fourth quarter 2021 · Net sales increased by 23% to SEK 8,234m (6,683). The organic growth was 17%, changes in exchange rates contributed with 2% and acquisitions with 4%. · Operating income was SEK -132m (-944). Excluding items affecting comparability, operating income was SEK -180m (-129). · Earnings per share before dilution amounted to SEK 0.26 (-1.26) and earnings per share after dilution amounted to SEK 0.26 (-1.26). · Cash flow from operations and investments was SEK -6,420m (-1,386) of which SEK -3,935m (-410) was related to acquistions. Direct

    INTERIM REPORT JANUARY - SEPTEMBER 2021

    Good growth in Q3Third quarter 2021 · Net sales increased by 6% to SEK 10,180m (9,570). The organic growth was 6%, changes in exchange rates impacted with -1% and acquisitions with 2%*. · Operating income was SEK 926m (997). The operating margin was 9.1% (10.4). · Earnings per share before dilution amounted to SEK 1.10 (1.14) and earnings per share after dilution amounted to SEK 1.10 (1.14). · Cash flow from operations and investments was SEK 985m (3,701). Direct operating cash flow was SEK 1,764m (3,925). · Operating working capital / net sales amounted to 21.3% (

    Invitation – presentation of Husqvarna Group’s report for the third quarter 2021

    Husqvarna Group will publish its third quarter results on October 20, 2021, at approximately 07:30 am CET. A combined conference call and webcast hosted by President & CEO Henric Andersson and CFO Glen Instone will be held at 10:00 am CET the same day. The presentation will be held in English and followed by a Q&A session. To participate, please use the following numbers:SE: +46 8 505 583 59UK: +44 333 300 9261 US: +1 646 722 4902Link to webcast: https://husqvarna-group.creo.se/211020 

    Husqvarna Group sees potential negative financial impact in 2022 from supplier dispute

    Briggs & Stratton LLC (B&S) has informed Husqvarna Group that B&S will only deliver a very small portion of the engines for ride-on mowers that Husqvarna Group had ordered in advance of the 2022 season, mainly for North America. At this late stage, Husqvarna Group’s ability to secure an alternative supply of engines for the 2022 season is extremely limited. Therefore, to protect its customers and operations, Husqvarna Group yesterday filed a lawsuit in South Carolina to compel B&S to deliver all engines covered by its orders. In a worst case scenario, the lack of engine supply could

    Husqvarna AB's Nomination Committee for the 2022 Annual General Meeting

    In accordance with the decision by Husqvarna’s Annual General Meeting (“AGM”) on April 14, 2021, the members of the Nomination Committee for the 2022 AGM are to be appointed by the four largest shareholders in terms of voting rights in the company as of August 31, 2021, who have expressed a wish to participate in the nomination committee work. In addition, the Nomination Committee shall also include the Chair of the Husqvarna Board.  On August 31, 2021, the four largest shareholders in terms of voting rights were Investor AB, L E Lundbergföretagen AB, If Skadeförsäkring AB and Didner &

    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 2021, at the request of shareholders, 3 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 157,919,822.6. The total number of registered shares in the company amounts to 576,343,778 shares of

    INTERIM REPORT JANUARY - JUNE 2021

    A record quarter Second quarter 2021 ·Net sales increased by 8% to SEK 14,614m (13,482). The organic growth was 14%, changes in exchange rates impacted with -7% and acquisitions with 1%. ·Operating income was SEK 2,659m (2,191). Excluding items affecting comparability, operating income increased by 21% to SEK 2,645m (2,191). The operating margin was 18.1% (16.3). ·Earnings per share before dilution amounted to SEK 3.49 (2.74) and earnings per share after dilution amounted to SEK 3.48 (2.74). ·Cash flow from operations and investments was SEK 3,174m (2,956).

    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 May 2021, at the request of shareholders, 56 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 157,919,825.3. The total number of registered shares in the company amounts to 576,343,778 shares of

    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 March 2021, at the request of shareholders, 260,000 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 157,919,875.7. The total number of registered shares in the company amounts to 576,343,778 shares

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

    The AGM of Husqvarna AB (publ) was held on April 14, 2021Due to the Covid-19 pandemic, the AGM was conducted pursuant to a so-called mail-in procedure in accordance with Sec. 20 of the Act (2020:198) regarding temporary exceptions to facilitate the holding of annual general meetings (Sw. lagen (2020:198) om tillfälliga undantag för att underlätta genomförandet av bolags- och föreningsstämmor). Shareholders participated in the meeting by voting or submitting questions in advance on the proposals at the AGM. Adoption of the Income Statements and Balance Sheets, dividend and discharge of

    YEAR-END REPORT JANUARY - DECEMBER 2020

    A successful year Fourth quarter 2020 · Net sales increased by 4% to SEK 6,683m (6,408), or by 13% when adjusted for changes in exchange rates. (Exits of Consumer Brands business were completed in Q3). · Operating income was SEK -944m (-493). Excluding items affecting comparability, operating income amounted to SEK -129m (-310). · Items affecting comparability amounted to SEK -815m (-183) and relate to the supply chain efficiency measures announced in Q3 2020, see page 4 and 16. · Earnings per share after dilution amounted to SEK -1.26 (-0.67). · The Construction

    INTERIM REPORT JANUARY - SEPTEMBER 2020

    Strong growth and margin improvement Third quarter 2020 · Net sales increased by 14% to SEK 9,570m (8,429), or by 22% when adjusted for exit of Consumer Brands business and changes in exchange rates. · Operating income increased by 141% to SEK 997m (414), representing a margin of 10.4% (4.9).                         · Earnings per share after dilution amounted to SEK 1.14 (0.47). · The Board of Directors proposed a reinstated dividend of SEK 2.25 per share. January – September 2020 · Net sales decreased by 2% to SEK 35,260m (35,869), or increased by 5% when adjusted

    Notice of Extraordinary General Meeting of Husqvarna AB (publ)

    The shareholders of Husqvarna AB (publ) are hereby invited to participate in the 2020 Extraordinary General Meeting (“EGM”), which will be held on Friday, October 23, 2020. In light of the continued COVID-19 pandemic, the EGM will be conducted pursuant to so called mail-in procedures, meaning that no shareholders will attend the EGM in person or through proxy. Instead, shareholders can participate in the EGM by voting and submitting questions in advance pursuant to the instructions described below.In order to participate in the EGM, a shareholder must 1. a. be registered in the

    INTERIM REPORT JANUARY - JUNE 2020

    Henric Andersson, President & CEO:“We have delivered a very good quarter. After a challenging start, given the Covid-19 situation, demand accelerated quickly as markets gradually reopened and consumers showed a high interest in lawn and garden products. We improved our operating margin to 16.3% (15.4) in the quarter driven by temporary cost avoidance activities and a favorable product mix. Net sales grew by 3% when adjusting for Consumer Brands exits and changes in exchange rates. We achieved growth in key categories such as watering, robotics & battery, handheld products and

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