Husqvarna AB

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Husqvarna AB engages in the production of outdoor power products for forest, park, and garden care. The company also offers garden watering products, cutting equipment and diamond tools for the construction and stone industries. It operates through the following segments: Husqvarna Forest and Garden, Gardena, and Husqvarna Construction. The Husqvarna Forest and Garden segment offers products and solutions for professional users in forestry, tree care, landscaping and other commercial lawn and garden services. The Gardena segment comprises the sale of garden watering and hand tools. The Husqvarna Construction segment deals with professional equipment and diamond tools for cutting and drilling in concrete, stone, masonry, tile, and asphalt. The company was founded in 1689 and is headquartered in Stockholm, Sweden.

Husqvarna expects its organic sales for the fourth quarter to decline year-on-year due to challenging market conditions, particularly in North America, as well as an unfavourable product mix, the Swedish group said late on Monday.

Sweden's Husqvarna warns of weaker sales, operating loss in Q4

STOCKHOLM , Dec. 9, 2024 /PRNewswire/ -- Continued market conditions with intensified promotional activities, particularly in North America, and an unfavorable product mix, continue to have an impact on the Group's sales and operating result in the fourth quarter. In addition, retail partners and servicing dealers are focusing on reducing their inventory levels resulting in reduced production volumes and lower capacity utilization.

Continued challenging market conditions with intensified promotional activities, particularly in North America, impacts Husqvarna Group's financial performance in the fourth quarter

STOCKHOLM , Nov. 14, 2024 /PRNewswire/ -- Tom Johnstone declines re-election as Chair of the Board of Husqvarna AB. He will remain as Board Chair until the next Annual General Meeting, to be held on April 29, 2025.

Torbjörn Lööf proposed as new Chair of the Board of Husqvarna AB

STOCKHOLM , Nov. 14, 2024 /PRNewswire/ -- Husqvarna Group is reaffirming its position as a Diversity Leader, securing the prestigious title from Financial Times and Statista for the fourth consecutive year. In the 2025 ranking Husqvarna Group is placed 141 among 850 European companies, and on a seventh position among Swedish companies.

Husqvarna Group recognized as diversity leader by Financial Times

Green spaces are essential for cities' health, improving air quality, reducing noise and enhancing biodiversity meanwhile creating possibilities for salubrious recreation. Husqvarna Group welcomes you to the exclusive presentation of Urban Green Space report  2024 , sharing insights from analyzing urban green spaces around the world with the help of satellite data and AI.

Husqvarna Group: Unique data showing how urban green spaces are developing

Dublin, Oct. 31, 2024 (GLOBE NEWSWIRE) -- The "U.S. Snow Blower Market Research Report 2020-2029" report has been added to ResearchAndMarkets.com's offering. The U.S. Snow Blower Market was valued at USD 591.82 million in 2023, and is expected to reach USD 969.47 million by 2029, rising at a CAGR of 8.57%.

U.S. Snow Blower Market Insights and Competitive Analysis Report, 2020-2029, Featuring Strategic Profiles of Leading Players Husqvarna, Ariens, MTD Products, Toro & More - U.S. Market Nears $1 Billion by 2029

Husqvarna AB (publ) (OTCPK:HUSQF) Q3 2024 Earnings Conference Call October 23, 2024 4:00 AM ET Company Participants Johan Andersson - Investor Relations Pavel Hajman - Chief Executive Officer Terry Burke - Chief Financial Officer Conference Call Participants Adela Dashian - Jefferies Fredrik Ivarsson - ABG Bjorn Enarson - Danske Bank Ebba Bjorklid - DNB Erik Cederberg - Handelsbanken Johan Eliason - Kepler Cheuvreux Johan Andersson Hello everyone, and welcome to the Presentation of Husqvarna Group's Report for the Third Quarter of 2024. My name is Johan Andersson, responsible for Investor Relations and will be the moderator here today.

Husqvarna AB (publ) (HUSQF) Q3 2024 Earnings Call Transcript

STOCKHOLM , Oct. 23, 2024 /PRNewswire/ -- 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%.

HUSQVARNA GROUP: INTERIM REPORT JANUARY - SEPTEMBER 2024

Sweden's Husqvarna , which makes garden equipment and tools, said on Wednesday it would further cut costs due to constrained consumer spending, a move that will impact around 400 jobs and result in savings of around 500 million crowns ($47.4 million) annually.

Sweden's Husqvarna to cut more costs, jobs due to weak consumer spending

STOCKHOLM , Oct. 23, 2024 /PRNewswire/ -- 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.

Husqvarna Group Announces Further Cost Reductions and Profitability Improvement Initiatives

STOCKHOLM , Oct. 18, 2024 /PRNewswire/ -- 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.

Husqvarna Group appoints Maha Elkharbotly as President of the Gardena Division

STOCKHOLM , Oct. 17, 2024 /PRNewswire/ -- 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.

Husqvarna Group unveils four new robotic lawn-mowers for professional green space management

STOCKHOLM , Oct. 8, 2024 /PRNewswire/ -- 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.

Invitation - presentation of Husqvarna Group's report for the third quarter 2024

STOCKHOLM , Sept. 20, 2024 /PRNewswire/ -- 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.

Husqvarna AB's Nomination Committee for the 2025 Annual General Meeting

STOCKHOLM , Sept. 10, 2024 /PRNewswire/ -- Challenging market conditions and restrained consumer spending continue to have an impact on the Group's sales and operating result in the third quarter.

Challenging market conditions continue to impact Husqvarna Group's financial performance in the third quarter

Sweden's Husqvarna expects a 5% decline in its third quarter organic sales compared with last year and an operating result around zero due to challenging market conditions and restrained consumer spending, the company said late on Tuesday.

Husqvarna warns of Q3 sales drop, no profit, due to weak consumer spending

STOCKHOLM , Aug. 23, 2024 /PRNewswire/ -- 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.

Husqvarna Group to acquire InCeres - a digital platform in the light agriculture segment

Husqvarna AB (publ) (OTCPK:HUSQF) Q2 2024 Earnings Call Transcript July 18, 2024 4:00 AM ET Company Participants Johan Andersson - IR Pavel Hajman - CEO Terry Burke - CFO Conference Call Participants Gustav Hageus - SEB Bjorn Enarson - Danske Bank Johan Eliason - KeplerChevreux Ebba Bjorklid - DNB Adela Dashian - Jefferies Johan Andersson Hello, everyone, and welcome to the presentation of Husqvarna Group's Financial Report for the Second Quarter of 2024. My name is Johan Andersson, responsible for Investor Relations and will be the moderator here today.

Husqvarna AB (publ) (HUSQF) Q2 2024 Earnings Call Transcript

STOCKHOLM , July 18, 2024 /PRNewswire/ -- 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%.

HUSQVARNA GROUP: INTERIM REPORT JANUARY - JUNE 2024

STOCKHOLM , July 8, 2024 /PRNewswire/ -- 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.

Husqvarna Group - One of the World's Most Sustainable Companies according to TIME and Statista

STOCKHOLM , July 3, 2024 /PRNewswire/ -- 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.

Husqvarna and Liverpool FC break new ground with unique global partnership

STOCKHOLM , June 20, 2024 /PRNewswire/ -- Husqvarna Group will publish its second quarter results on July 18, 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.

Invitation - presentation of Husqvarna Group's report for the second quarter 2024

STOCKHOLM , May 3, 2024 /PRNewswire/ -- 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.

Financial Times again recognizes Husqvarna Group as 'Climate Leader'

STOCKHOLM , April 29, 2024 /PRNewswire/ -- 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.

Husqvarna Group's Carbon Emissions Halved

Husqvarna AB (publ) (OTCPK:HUSQF) Q1 2024 Results Conference Call April 24, 2024 4:00 AM ET Company Participants Johan Andersson - Investor Relations Pavel Hajman - Chief Executive Officer Terry Burke - Chief Financial Officer Conference Call Participants Fredrik Ivarsson - ABG Gustav Hageus - SEB Björn Enarson - Danske Bank Adela Dashian - Jefferies Johan Eliason - Kepler Cheuvreux Karri Rinta - SHB Johan Andersson Hello, everyone, and welcome to Husqvarna Group's Report for the First Quarter of 2024. My name is Johan Andersson, responsible for Investor Relations and will be the moderator today.

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