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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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    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 2022, at the request of shareholders, 66 Class A shares were converted toClass B shares. The total number of votes thereafter amounts to 156,733,061.9.   The total number of registered shares in the company amounts to 576,343,

    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 September 2021, at the request of shareholders, 182,004 Class A shares were converted toClass B shares. The total number of votes thereafter amounts to 157,755,659.0.   The total number of registered shares in the company amounts to 576,343,

    Husqvarna Group to acquire Orbit Irrigation in the U.S., creating the global market leader in residential watering

    Husqvarna Group has signed an agreement to acquire Orbit Irrigation, a leading provider of residential watering solutions in North America. Orbit will become part of Husqvarna Group’s Gardena Division, establishing a global leader and creating growth opportunities for both brands.Orbit’s net sales during the last 12 months amounted to approximately USD 320m with an operating margin slightly below Husqvarna Group average. The purchase price corresponds to an enterprise value of USD 480m on a cash and debt-free basis and will be financed through existing cash and undrawn credit facilities.

    Invitation to Husqvarna Group’s Capital Markets Day 2021

    Welcome to Husqvarna Group’s Capital Markets Day for investors, financial analysts, and media representatives on December 1, 2021, from 08:30-13:00 CET at Fotografiska in Stockholm, Sweden. During the day, the management team including Henric Andersson, President & CEO, and Glen Instone, CFO will present further insight into the strategic direction, including the development of the company’s Divisions. The focus of the day is the Group’s growth and value creation.   Please save the date and RSVP by November 19. To find out more about the event and confirm participation, either in

    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 &

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

    Husqvarna Group will publish its second quarter results on July 16, 2021 at 07:30 CET. A combined conference call and webcast hosted by President & CEO Henric Andersson and CFO Glen Instone will be held at 10:00 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 74UK: +44 333 300 9267 US: +1 631 913 1422 (PIN: 21986951#)Link to webcast: https://husqvarna-group.creo.se/210716 

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

    The EGM of Husqvarna AB (publ) was held in Stockholm on October 23, 2020In the light of the continued Covid-19 pandemic, the EGM was conducted pursuant to so called mail-in procedures in accordance with Sec. 20 of the Act (2020:198) with 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 EGM by voting on the proposals and submitting questions in advance. Adoption of the dividendThe Board of Directors’ proposal for

    Husqvarna Group provides a trading update and proposes a reinstated dividend

    Strong net sales growthHusqvarna Group has achieved a net sales growth of 21% for the first two months of the third quarter 2020 (compared with the same period last year and adjusted for changes in exchange rates). The strong performance has been driven by a prolonged lawn and garden season which ended in late August. The growth has been supported by the stay-at-home trend related to Covid-19 and positive weather conditions. Product mix has been favorable, both in the Husqvarna and Gardena Divisions with particular strong growth in categories such as robotic lawn mowers and watering

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

    The AGM of Husqvarna AB (publ) was held on June 26, 2020The AGM was held in accordance with Sec. 20 of the Act (2020:198) with 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 liabilityThe Income Statements and Balance Sheets were adopted, together with the

    Karin Falk appointed President Construction Division

    Karin Falk has been appointed President Construction Division and will also be a member of Husqvarna Group's management team. Karin Falk is currently Senior Vice President Services & Customer Quality at Volvo Trucks. Prior to that, Karin served as EVP Corporate Strategy & Brand Portfolio at Volvo Group, and from 1995-2008 she held multiple executive positions at Volvo Cars, including President Special Vehicles. Karin holds a Bachelor of Science in Business Administration and Economics from School of Economics and Commercial Law in Gothenburg, Sweden.  “I am very pleased to welcome

    Notice of Annual General Meeting of Husqvarna AB (publ)

    The shareholders of Husqvarna AB (publ) are hereby invited to participate in the 2020 Annual General Meeting (“AGM”), which will be held on Friday, June 26, 2020. In light of the COVID-19 pandemic, the AGM will be conducted pursuant to so called mail-in procedures, meaning that no shareholders will attend the AGM in person or through proxy. Instead, shareholders can participate in the AGM by voting and submitting questions in advance pursuant to the instructions described below.The AGM was originally scheduled to take place on April 2, 2020, but due to the COVID-19 situation, the AGM was

    Husqvarna Group introduces a short-time working program for employees in Sweden

    Husqvarna Group has introduced a short-time working program for employees in Sweden. The program covers approximately 900 employees and includes temporarily reduced working hours by 20 percent. Production is continuing at all Husqvarna Group plants in Sweden.  “We continue to closely monitor the development of the Covid-19 situation and have introduced a range of measures to safeguard the health and safety of our employees as well as for adjusting our cost base. Furthermore, activities are underway in additional countries to minimize the effects of this challenging situation” says Leigh

    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 2020, at the request of shareholders, 17,408 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 158,344,496.6. The total number of registered shares in the company amounts to 576,343,778 shares

    Husqvarna Group's Annual Report 2019

    Husqvarna Group’s Annual Report 2019 and the Sustainovate Progress Report 2019 are now available on the Group’s web site at www.husqvarnagroup.com, and are also attached to this press release. For additional information, please contact+46 8 738 90 80 or press@husqvarnagroup.com This information is such that Husqvarna AB must disclose in accordance with the Financial Instruments Trading Act. The information was submitted for publication on March 12, 2020, at 09:00 CET.

    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 January 2020, at the request of shareholders, 30 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 158,448,416.9. The total number of registered shares in the company amounts to 576,343,778 shares of

    Henric Andersson appointed as new President & CEO of Husqvarna Group

    The Board of Directors of Husqvarna AB has appointed Henric Andersson to succeed Kai Wärn as the President & CEO of the Husqvarna Group effective as of April 2, 2020, following the closing of the 2020 AGM. Kai Wärn will retire from his role as CEO and Board Member as of such date, but will continue as a senior advisor to the Board during 2020.   ”I am delighted that the new President & CEO of Husqvarna Group, Henric Andersson, has been developed within the Group, where he has worked for the last 22 years. Henric is a strong and well-appreciated leader with a very good business and

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