United States

Husqvarna AB (HUSQb.ST)

HUSQb.ST on Stockholm Stock Exchange

24 May 2017
Change (% chg)

0.95kr (+1.07%)
Prev Close
Day's High
Day's Low
Avg. Vol
52-wk High
52-wk Low

Latest Key Developments (Source: Significant Developments)

Husqvarna: more likely to reach margin target 2017 -CEO
Friday, 21 Apr 2017 04:01am EDT 

April 21 (Reuters) - Husqvarna to Reuters::CEO Kai Warn: is, following strong q1, more confident will reach its 10 percent margin target 2017.CFO Jan Ytterberg: sees 2017 net currency translation and raw material costs effect of around +200 million sek.CEO: q2 overall demand looks promising with no indications so far in april of weak demand, says continental europe and north america looking good.CEO: sees consumer brands sales "flat to a few odd percent" up in 2017, other divisions "closer to 5 percent" growth.  Full Article

Husqvarna Q1 operating profit grows more than expected
Friday, 21 Apr 2017 02:00am EDT 

April 21 (Reuters) - Husqvarna Ab :Q1 net sales increased to sek 12,746m (11,361).Q1 operating income increased 22% to sek 1,425m.Reuters poll: husqvarna q1 ebit was seen at 1,349 million sek, sales at 12,150 million.Says to support our profitable growth journey, we continue to invest in strategic growth initiatives along with efforts to improve efficiency.Says focus for the second quarter, following the successful sell-in phase, will be to support our trade partners to deliver an equally positive sell-through .  Full Article

Husqvarna says to buy HTC Floor Grinding Solutions
Tuesday, 7 Mar 2017 02:30am EST 

Husqvarna AB : Husqvarna Group to acquire HTC, strengthening its position in surface preparation . Says HTC Floor Grinding Solutions, a part of HTC Group AB, headquartered in Soderkoping, Sweden is global market leader in floor grinding solutions . Says sales in 2016 amounted to approximately SEK 380m . Says impact on Husqvarna Group's earnings in 2017 will be limited .Says HTC is currently owned by Polaris, a Nordic private equity company.  Full Article

Husqvarna Q4 operating loss smaller than expected
Thursday, 9 Feb 2017 02:06am EST 

Husqvarna Ab : Q4 net sales amounted to sek 5,768m (5,672), corresponding to -3% adjusted for changes in exchange rates. . Q4 operating income improved to sek -108m (-212), excluding items affecting comparability. . Reuters poll: husqvarna q4 ebit was seen at -134 million sek, sales seen at 6.0 billion, dividend at sek 1.72 per share . The Board proposes an increase of the dividend to SEK 1.95 per share (1.65). .Says expects that we will take another step forward with respect of our financial performance in 2017.  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

More From Around the Web

UPDATE 1-Husqvarna profit beats expectations despite sluggish consumer brands sales

April 21 Gardening and construction gear firm Husqvarna posted on Friday a bigger quarterly operating profit than expected helped by growth at the Construction, Husqvarna and Gardena units, while sales at the struggling Consumer Brands shrank.