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Husqvarna AB (HUSQa.ST)

HUSQa.ST on Stockholm Stock Exchange

74.80SEK
20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

Husqvarna Q2 Operating Income Up At SEK 2.13 Bln
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Husqvarna AB ::INTERIM REPORT JANUARY - JUNE 2019.WE DELIVERED A GOOD PERFORMANCE DURING Q2.Q2 NET SALES AMOUNTED TO SEK 13,789M (14,270), CORRESPONDING TO A DECREASE OF 7%, ADJUSTED FOR CHANGES IN EXCHANGE RATES.Q2 OPERATING INCOME INCREASED BY 10% TO SEK 2,125M (1,925).TO CONTINUE TO EXECUTE ON OUR PROFITABILITY IMPROVEMENT TRAJECTORY, WHILST INVESTING IN STRATEGIC GROWTH INITIATIVES, REMAINS OUR TOP PRIORITY FOR 2019.Q2 OPERATING MARGIN IMPROVED TO 15.4% (13.5).SAYS CHANGES IN EXCHANGE RATES CONTRIBUTED POSITIVELY IN Q2 AND BALANCED HIGHER COSTS FOR TARIFFS AND RAW MATERIALS.SAYS HAS INITIATED MITIGATION ACTIVITIES IN ORDER TO MINIMIZE ANY POTENTIAL IMPACT FROM BREXIT.  Full Article

Husqvarna Group CEO says sees weak Q4 overall for Husqvarna division
Friday, 19 Oct 2018 

Oct 19 (Reuters) - Husqvarna Chief Executive Kai Warn and Chief Financial Officer Jan Ytterberg to Reuters::Husqvarna Group CEO says sees weak Q4 overall for Husqvarna division.Husqvarna CFO says raises 2018 capex guidance to just above 2 billion SEK ($221.5 million)(previous guidance was 1.8-1.9 billion SEK).  Full Article

Husqvarna CEO braces for hit from possible trade tariffs 2018, 2019
Tuesday, 17 Jul 2018 

July 17 (Reuters) - Husqvarna AB CEO Kai Warn to Reuters::HUSQVARNA CEO SAYS STILL REASONABLE TO EXPECT HUSQVARNA, GARDENA, CONSTRUCTION DIVISIONS SALES GROWTH OF MORE THAN 5 PERCENT.HUSQVARNA CEO SAYS NO LONGER EXPECTS TO REACH 10 PERCENT OPERATING MARGIN TARGET THIS YEAR BUT SHOULD BE POSSIBLE IN 2019.HUSQVARNA CEO EXPECTS NEGATIVE EFFECT FROM POSSIBLE TRADE TARIFFS IN 2018, BIGGER NEGATIVE EFFECT IN 2019.HUSQVARNA CEO REPEATS SEES 2018 CAPEX AT 1.8-1.9 BILLION SEK, RAW MATERIALS EFFECT -250 MILLION, CURRENCY TRANSLATION EFFECT +200 MILLION.HUSQVARNA CEO SAYS UNUSUAL DRAUGHT IN NORDICS HAD SOME NEGATIVE EFFECT ON DEMAND TOWARDS END OF Q2 DUE RISKS OF FIRE, LITTLE GRASS GROWTH.  Full Article

Unibap Receives Order From Husqvarna Group
Tuesday, 24 Apr 2018 

April 24 (Reuters) - UNIBAP AB ::UNIBAP RECEIVES ORDER FROM HUSQVARNA GROUP OF SEK 3.55 MILLION FOR DELIVERY OF AUTOMATED INTELLIGENT QUALITY ASSURANCE.HUSQVARNA GROUP AB ORDERS AUTOMATED INTELLIGENT QUALITY ASSURANCE OF SEK 3.55 MILLION WITH DELIVERY DURING 2018.UNIBAP AND HUSQVARNA ALSO PARTICIPATE AND COLLABORATE IN A NEW RESEARCH PROJECT CALLED "DIGILOAD".  Full Article

Husqvarna to boost concrete surfaces & floors with Atlas unit buy
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Husqvarna AB ::HUSQVARNA GROUP TO ACQUIRE LIGHT COMPACTION AND CONCRETE EQUIPMENT BUSINESS, TO STRENGTHEN POSITION IN CONCRETE SURFACES & FLOORS.SAYS ‍ATLAS COPCO LIGHT COMPACTION & CONCRETE EQUIPMENT, A PART OF ATLAS COPCO POWER TECHNIQUE, IS A GLOBAL LEADER IN THIS BUSINESS SEGMENT AND HAD ANNUAL SALES OF APPROXIMATELY SEK 570M IN 2016​.SAYS ‍AROUND 200 EMPLOYEES ARE PREDOMINANTLY LOCATED IN BULGARIA BUT ALSO IN ALL KEY MARKETS​.  Full Article

Atlas Copco to sell Concrete and Compaction unit to Husqvarna
Friday, 22 Dec 2017 

Dec 22 (Reuters) - Atlas Copco AB ::ATLAS COPCO TO DIVEST CONCRETE AND COMPACTION BUSINESS TO HUSQVARNA GROUP.ATLAS COPCO AB SAYS ‍BUSINESS HAD REVENUES OF APPROXIMATELY MEUR 57 (MSEK 570) IN 2016​.  Full Article

Kitron wins 4-year Husqvarna order
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Kitron Asa :Kitron receives new order from husqvarna group.‍will manufacture and deliver controller units to husqvarna group's factory in sweden for next 4 years​.‍controller units are important parts of husqvarna group's battery-powered equipment such as chainsaws, blowers and trimmers​.‍production will take place at kitron's plant in kaunas, lithuania​.  Full Article

Husqvarna Q3 operating profit lags forecast​
Friday, 20 Oct 2017 

Oct 20 (Reuters) - Husqvarna AB :Q3 ‍net sales increased to SEK 7,449m (7,349), corresponding to a currency adjusted* growth of 4%.​.Q3 ‍operating income amounted to SEK 433m (431), including a restructuring charge of around SEK -50m.​.Reuters poll: Husqvarna Q3 EBIT was seen at 454 million SEK, adjusted EBIT at 508 million, sales at 7,622 million.Says "We continue to invest in strategic growth initiatives to further strengthen our position in areas that will be vital for growth going forward, but which impacts the margin more negatively during the second half-year due to its lower sales.Q3 sales in Consumer Brands division declined by 5 pct currency adjusted and the seasonal operating loss amounted to SEK -94 mln (-80) vs 81 mln loss seen in Reuters poll .  Full Article

Husqvarna says sales to be hit as cuts business with U.S. customer
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Husqvarna AB :Husqvarna group scales back business with large U.S. retail customer.Says ‍division has started to adjust capacity and other measures to mitigate short-term negative financial effects​.Says ‍because of reduced volume, consumer brands division's net sales for 2018 is expected to decline by some SEK 1 bn compared to 2017​.Says ‍this will delay operating income improvement trajectory.​.Says ‍group's financial target of an operating margin of at least 10 pct for coming years remains unchanged​.  Full Article

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Power tools firm Husqvarna CEO sees battery restraints for another decade

STOCKHOLM The head of Husqvarna , the world's biggest gardening power tools maker, said it could take another decade before batteries on the market have enough range to electrify some of the company's still petrol-driven products.