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Husqvarna AB (HUSQb.ST)

HUSQb.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Husqvarna sets new financial targets
Thursday, 8 Sep 2016 02:30am EDT 

Husqvarna Ab : New financial targets and sustainability ambition presented at capital markets day . Says targets between 3 and 5% annual net sales growth . Says group aims to grow 1-2 percentage points higher than the annual long term market growth rate of 2 - 3% . Says target excludes the Consumer Brands Division which will continue to have margin improvement as first priority . Says targets to reach an operating margin of at least 10% . Says targets an operating working capital in relation to net sales of a maximum 25% .Says for consumer brands division, focus to turn around financial development, primarily by cost and efficiency measures combined with improved sales mix to reach a 5% operating margin by 2018, remains.  Full Article

Husqvarna sees negative currency effects of around 475 mln SEK 2016
Friday, 15 Jul 2016 03:02am EDT 

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 02:09am EDT 

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 02:39am EDT 

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

Husqvarna AB proposes dividend
Friday, 5 Feb 2016 02:00am EST 

Husqvarna AB:Proposes a dividend of SEK 1.65 per share (1.65).  Full Article

Husqvarna AB starts cost-saving program, to hit Q4 by SEK 150 mln
Wednesday, 7 Oct 2015 02:30am EDT 

Husqvarna AB:Says group implements structural measures to boost competitiveness.Says changes are gradually expected to lead to annual cost savings of around 80 million Swedish crowns.Says changes affect staffing requirements and it is estimated that about 80 employees related to production will be affected.Says measures are estimated to entail restructuring costs of around 150 million crowns which will be provisioned for in the Group's income statement for Q4 of 2015.  Full Article

Husqvarna AB Group acquires smart garden specialist Koubachi
Wednesday, 15 Jul 2015 08:00am EDT 

Husqvarna AB:Acquires Koubachi AG, a pioneer and leader in the area of smart gardening based in Switzerland.Acquisition brings extensive experience and competence from Internet of Things and home automation technology within gardening and plant care, strengthening the Gardena Division's positions in this field substantially.Koubachi's competence team including its founder Dr Philipp Bolliger will join Gardena Division.Says office in Zurich will be continued as an innovation and development site for Gardena.  Full Article

Husqvarna AB proposes dividend
Friday, 6 Feb 2015 02:22am EST 

Husqvarna AB:Board proposes a dividend of 1.65 Swedish crown per share (1.50) for 2014, divided into two payments, 0.55 Swedish crown in April and 1.10 Swedish crown to be paid in October.  Full Article

Husqvarna AB appoints new Chief Financial Officer
Thursday, 8 Jan 2015 02:30am EST 

Husqvarna AB:Says Jan Ytterberg has been appointed Senior Vice President and Chief Financial Officer of Husqvarna Group.  Full Article

Husqvarna AB sells BlueBird International to TEC International
Wednesday, 10 Dec 2014 08:00am EST 

Husqvarna AB and TEC International:Jointly announced the sale of Bluebird International to TEC International.Transaction transferred the BlueBird brand, sales and manufacturing to TEC.Under the terms of the agreement, which closed on Dec. 5, 2014, TEC International will continue to produce Husqvarna branded specialty turf equipment.  Full Article

UPDATE 1-Swedish lawnmower maker Husqvarna sets sights on sales growth

STOCKHOLM, Sept 8 Gardening equipment firm Husqvarna will shift its focus towards growing sales, it said on Thursday, as it reset financial targets for the first time since listing a decade ago.