Husqvarna Group

Husqvarna Group
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Founded in 1689, Husqvarna Group has evolved into a global leader in manufacturing innovative products and solutions for managing forests, parks, and gardens. Our diverse product range includes robotic lawnmowers, chainsaws, trimmers, riding lawnmowers, and watering solutions. Husqvarna Group is also a leader in equipment and diamond tools for the light construction industry and diamond tools for the natural stone industry. Operating mainly under the global brands of Husqvarna and Gardena, our products and solutions reach consumers and professional users through direct sales, dealers, and retailers across more than 100 countries. Net sales in 2023 amounted to SEK 53.3 billion and the Group has approximately 13,800 employees in 40 countries. The headquarter is in Stockholm, Sweden and the company is listed on Nasdaq Stockholm.

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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
press@husqvarnagroup.com

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YEAR END REPORT 2018

Tue, Feb 05, 2019 08:00 CET

Kai Wärn, President and CEO: “The result for the seasonally small fourth quarter was in line with our expectations, impacted by the effects from the challenging conditions earlier in the year. Net sales for the Group, adjusted for changes in exchange rates, were flat at SEK 6,470m. Higher costs for raw materials, tariffs and logistics, as well as continued investments in our strategic growth initiatives had a negative impact on our results. In total, the Group's operating profit, excluding restructuring related expenses, amounted to SEK -282m (-70) in the fourth quarter. We took

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YEAR END REPORT 2018

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