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Husqvarna AB (HUSQb.ST)

HUSQb.ST on Stockholm Stock Exchange

68.52SEK
20 Jul 2018
Change (% chg)

-1.46kr (-2.09%)
Prev Close
69.98kr
Open
70.26kr
Day's High
70.28kr
Day's Low
68.14kr
Volume
4,243,112
Avg. Vol
1,656,831
52-wk High
89.90kr
52-wk Low
68.14kr

Latest Key Developments (Source: Significant Developments)

Husqvarna says buys minority stake in Franklin Robotics
Tuesday, 10 Apr 2018 03:42am EDT 

April 10 (Reuters) - Husqvarna AB ::SAYS BUYS MINORITY STAKE IN FRANKLIN ROBOTICS.HAS BOUGHT 25 PERCENT OF BOSTON BASED STARTUP FRANKLIN ROBOTICS.  Full Article

Husqvarna CEO sees Gardena, Construction, Husqvarna units 2018 growth around 5.5 pct
Friday, 2 Feb 2018 03:05am EST 

Feb 2 (Reuters) - Husqvarna AB CEO Kai Warn and CFO Jan Ytterberg to Reuters::CFO SEES 2018 CAPEX AT AROUND 1.8-1.9 BILLION SEK, ROUGHLY SAME LEVELS AS IN 2016, 2017.CFO SEES NEGATIVE RAW MATERIAL COST EFFECT OF AROUND 200 MILLION SEK, AROUND 100 MILLION POSITIVE CURRENCY TRANSLATION EFFECT IN 2018.CEO SEES 2018 SALES GROWTH AROUND 5.5 PERCENT FOR HUSQVARNA, GARDENA, CONSTRUCTION DIVISIONS COMBINED.CEO SAYS SEES OPERATING MARGIN REACHING THE 10 PERCENT TARGET 2018.  Full Article

Husqvarna says Pavel Hajman to head new function in group management
Friday, 19 Jan 2018 09:00am EST 

Jan 19 (Reuters) - Husqvarna Ab ::SAYS A NEW FUNCTION WITHIN GROUP MANAGEMENT WILL BE CREATED: “GROUP DIGITAL, OPERATIONS AND TECHNOLOGY DEVELOPMENT.THE NEW FUNCTION WILL BE HEADED BY PAVEL HAJMAN, CURRENTLY PRESIDENT OF HUSQVARNA DIVISION.SAYS ‍SASCHA MENGES, CURRENTLY PRESIDENT OF GARDENA DIVISION WILL BECOME PRESIDENT OF HUSQVARNA DIVISION​.  Full Article

Husqvarna to boost concrete surfaces & floors with Atlas unit buy
Friday, 22 Dec 2017 02:30am EST 

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 02:30am EST 

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 12:03pm EST 

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 02:12am EDT 

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 02:30am EDT 

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 to consolidate operations in concrete surfaces and floors
Wednesday, 23 Aug 2017 09:45am EDT 

Aug 23 (Reuters) - Husqvarna AB :Says to enhance customer support, better co-ordinate the operations overall and support an acceleration of investments for growth Husqvarna Construction intends to implement a number of structural changes.Says total cost for changes is estimated to be approximately SEK 65 mln.Says majority of these costs will be charged against construction division's operating income in Q3 2017, and remainder in Q4.Says proposed changes will put some 50 employees at risk, including closure of Pullman Ermator’s sites in Smedjebacken, Sweden and Tampa, Florida, U.S.A..Husqvarna Construction is a market leader in the fast growing and attractive market segment for preparing and polishing concrete floors.  Full Article

Husqvarna CEO sees 2017 margin roughly on 10 pct target
Tuesday, 18 Jul 2017 04:02am EDT 

July 18 (Reuters) - Husqvarna AB CEO Kai Warn and CFO Jan Ytterberg to Reuters: :ceo says expects f/y 2017 margin to land just below or just above the 10 percent margin target.cfo says sees positive net currency translation and raw material costs effect of slightly above 200 million sek in 2017.ceo says demand so far in q3 follows normal seasonal pattern.ceo says sees consumer brands division sales growth of "a few odd percent" in 2017, other divisions closer to 5 percent growth.ceo says consumer brands q2 year/year sales growth reflects a normalisation versus weak q2 2016 levels, and also the postponement of some orders from q1 to q2.  Full Article

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Garden tools maker Husqvarna hit by weak U.S. retail market

STOCKHOLM Gardening machinery group Husqvarna said on Tuesday it will restructure its struggling Consumer Brands division, which makes petrol lawnmowers and garden tractors, after it slumped to a loss in the second quarter on a weak retail market in the United States.