STOCKHOLM, April 24 Outdoor equipment maker
Husqvarna reported a bigger-than-expected
first-quarter operating profit on Thursday as efficiency
measures put a lid on costs and said it was cautiously
optimistic about demand.
The company reported an adjusted operating profit of 903
million Swedish crowns ($137 million) versus 858 million seen in
a Reuters poll and a profit of 688 million in the same quarter
of 2013, helped by an early spring in Europe.
It had a 308 million crown operating loss in the final
quarter of 2013.
"Going forward, we will continue the execution of the
Accelerated Improvement Program. In addition, we are cautiously
optimistic about the underlying demand," CEO Kai Warn said in a
($1 = 6.5704 Swedish Crowns)
(Reporting by Mia Shanley)