Key Developments: Husqvarna AB (HUSQb.ST)

HUSQb.ST on Stockholm Stock Exchange

52.00SEK
8:17am EDT
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0.05kr (+0.10%)
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51.95kr
Open
51.85kr
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52.25kr
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51.70kr
Volume
302,750
Avg. Vol
1,785,765
52-wk High
55.00kr
52-wk Low
36.10kr

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Latest Key Developments (Source: Significant Developments)

Husqvarna AB launches new organization for forest and garden operations
Friday, 13 Jun 2014 02:30am EDT 

Husqvarna AB:Says it will establish new organization for its forest and garden operations.Construction division will continue in current form.New organization will gradually be implemented and fully effective as of Jan. 1, 2015.Forest and garden operations will be organized in three global brand divisions representing three different business models: Husqvarna, Gardena and Consumer Brands.Husqvarna (including Zenoah), which are dealer channel centric brands that have recognition across many different forest and garden product segments, primarily for professionals and demanding consumers, will be headed by Pavel Hajman, who joined the group on June 1.Gardena, which is retail centric brand with recognition in consumer watering segment, will be headed by Sascha Menges, currently Head of Manufacturing and Logistics.Consumer Brands, which includes all other Group brands, such as PoulanPro, McCulloch and Flymo, will be headed by Alan Shaw, currently Head of Americas.Says most operational activities will primarily be organized within the divisions.To secure synergies and strategic alignment across the group a Group Operations division will be established.Group Operations will be headed by Valentin Dahlhaus, currently VP Demand and Supply Chain Management.To further secure synergies and strategic alignment, global staff functions such as Business Development and Technology Office will also be established.  Full Article

Husqvarna AB sets FY 2013 dividend at 1.50 Swedish crowns per share
Thursday, 10 Apr 2014 12:30pm EDT 

Husqvarna AB:Says, at the AGM, it set the dividend for FY 2013 at 1.50 Swedish crowns per share.The record date for the dividend was set at April 15 and the estimated date for the payment of the dividend is April 22.  Full Article

Husqvarna AB announces details on fiscal year 2013 dividend
Friday, 7 Mar 2014 02:30am EST 

Husqvarna AB:Says board of directors proposes a dividend for the financial year 2013 of 1.50 Swedish crown per share and April 15 as record date for the dividend.Says if annual general meeting resolves in accordance with board of directors’ proposal, the estimated date for payment of dividend from Euroclear Sweden AB is April 22.  Full Article

Husqvarna AB proposes dividend for FY 2013
Thursday, 6 Feb 2014 02:12am EST 

Husqvarna AB:Says the board proposes a dividend of 1.50 Swedish crown per share for 2013.  Full Article

Husqvarna AB Announces Mr. Kai Warn New Chief Executive Officer and President
Wednesday, 27 Mar 2013 03:00am EDT 

Husqvarna AB announced that the Board of Directors of the Company has appointed Mr. Kai Warn as Husqvarna's new Chief Executive Officer and President. He will replace Mr. Hans Linnarson on July 1, 2013. Mr. Linnarson will continue to work for the Company until he retires early 2014.  Full Article

Husqvarna AB Announces Details on FY 2012 Dividend
Friday, 8 Mar 2013 02:30am EST 

Husqvarna AB announced that its Board of Directors proposes a dividend for the financial year 2012 of SEK 1.50 per share and April 16, 2013 as record date for the dividend. If the Annual General Meeting resolves in accordance with the Board of Directors’ proposal, the estimated date for payment of the dividend from Euroclear Sweden AB is April 19, 2013.  Full Article

Husqvarna AB to Invest in New Production Facility
Wednesday, 13 Feb 2013 02:00am EST 

Husqvarna AB announced that it has decided to invest in a new production facility for manufacturing of chainsaw chains in Huskvarna, Sweden, where the Group already manufactures professional chainsaws, brush cutters and trimmers. The Group will also invest in expanded capacity for manufacturing of cylinders for two-stroke engines for chainsaws in the Group’s facilities in Nashville, the United States and in Huskvarna, Sweden. In 2015, the new facility in Huskvarna will employ over 100 people. The investments will amount to approximately SEK 1 billion during period between 2013 and 2015.  Full Article

Husqvarna AB Proposes FY 2012 Dividend of SEK 1.50 per Share
Wednesday, 13 Feb 2013 02:00am EST 

Husqvarna AB announced that its Board proposes fiscal year 2012 dividend of SEK 1.50 per share. This is unchanged from fiscal year 2011.  Full Article

Husqvarna AB to Divide Sales and Service Europe & Asia/Pacific Business Unit into Two Units
Friday, 21 Dec 2012 02:30am EST 

Husqvarna AB announced that effective January 1, 2013, the Husqvarna Group has decided to divide the Sales and Service Europe & Asia/Pacific business unit into two new business units – Sales and Service Europe, and Sales and Service Asia/Pacific. Ms. Frida Norrbom Sams has been appointed Executive Vice President, Head of Sales and Service Europe, and will become new Member of Group Management. The change will enable further concentrated efforts in the European region while at the same time putting a stronger focus on the growing markets in the Asia/Pacific region. The change will not imply any changes in the external financial reporting, that is results will still be reported for the current business area Europe & Asia/Pacific.  Full Article

Husqvarna AB Plans to Cut Approximately 600 Jobs
Wednesday, 7 Nov 2012 02:45am EST 

Husqvarna AB announced that it plans measures to improve the Group's cost structure. The measures include layoffs in several countries, including Sweden. The proposed measures include a reduction of approximately 600 employees, whereof almost half are in Sweden, mainly in Huskvarna. Measures are planned to be implemented during the first six months of 2013 after negotiations with the respective unions. Cost savings will be achieved gradually and full annual effect of around SEK 220 million will be reached during 2014. For 2013 cost savings are estimated at around SEK 160 million. Costs for implementing these measures are estimated at approximately SEK 250 million, which will be charged to the operating income for the fourth quarter of 2012. In addition to the above, the Group will during 2013 also benefit from cost savings of around SEK 50 million. The savings relate to measures under previously announced restructuring, including relocation of manufacturing from Sweden to Poland, which began in 2010.  Full Article

NORDIC STOCKS - Factors to watch on June 13

HELSINKI, June 13 - The following stocks may be affected by newspaper reports and other factors on Friday:

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