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Husqvarna AB (HUSQb.ST)

HUSQb.ST on Stockholm Stock Exchange

87.24SEK
16 Feb 2018
Change (% chg)

0.58kr (+0.67%)
Prev Close
86.66kr
Open
86.88kr
Day's High
87.78kr
Day's Low
86.32kr
Volume
850,750
Avg. Vol
1,511,593
52-wk High
91.50kr
52-wk Low
74.20kr

Latest Key Developments (Source: Significant Developments)

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

Husqvarna sees negative currency effects of around 475 mln SEK 2016
Friday, 15 Jul 2016 

Husqvarna : Husqvarna CFO Jan Ytterberg says sees negative currency effects of around 475 million SEK ($55.9 mln) 2016 versus previous forecast of 450 million Further company coverage: [HUSQb.ST] ($1 = 8.4916 Swedish crowns).  Full Article

Husqvarna Q2 operating profit matches forecasts, sales lower
Friday, 15 Jul 2016 

Husqvarna Ab : Q2 net sales amounted to SEK 11,504 mln . Q2 operating income increased to SEK 1,729 mln (1,675) . Says priority for group during remainder of year will be to offset currency headwind and finance profitable growth initiatives by operational improvements . Says positive development continued in Q2, despite lower demand for lawn and garden products in North America, which was affected by unfavorable weather . Says turn-around of consumer brands division is proceeding according to plan .Reuters poll: Husqvarna Q2 core operating result was seen at 1,712 million SEK, sales seen at 12.3 billion [nL8N19Y3OR].  Full Article

Husqvarna AB says unit acquired Diamond Tool Supply Inc
Tuesday, 3 May 2016 

Husqvarna AB:Says its construction division has acquired Diamond Tool Supply Inc. out of Michigan, USA.Acquisition will add sales of around USD 5.8m (approximately SEK 47m), mainly in the US, to Husqvarna Group's Construction division.Acquired operation will be included in Husqvarna Group's accounts as of May 3, 2016.  Full Article

LIVE MARKETS-European telecoms tick higher on FT's Vodafone/Liberty report

* European stocks set for biggest weekly loss in 6 months * Deutsche Bank, Caixabank, Sabadell down after results Feb 2 Welcome to the home for real time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Danilo Masoni. Reach him on Messenger to share your thoughts on market moves: danilo.masoni.thomsonreuters.com@reuters.net EUROPEAN TELECOMS TICK HIGHER ON FT'S VODAFONE/LIBERTY REPORT (1612 GMT) European telec