INTERIM REPORT JANUARY – MARCH 2020

Henric Andersson, President & CEO:“After a good start to the quarter, the financial performance of the Group was negatively impacted by the rapid spread of the Covid-19 disease. The negative impacts initially related to supply chain disturbances but towards the end of the quarter the lockdown measures in many of our main markets had an increasing impact on our sales. In total our net sales decreased by 4% adjusted for currency effects and the exited Consumer Brands business. The decline was particularly visible in the Husqvarna and Construction Divisions whereas the Gardena Division had