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Husqvarna AB (HUSQb.ST)

HUSQb.ST on Stockholm Stock Exchange

15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

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

Husqvarna Q2 operating profit in line with expectations
Tuesday, 18 Jul 2017 02:00am EDT 

July 18 (Reuters) - Husqvarna Ab :Q2 operating income increased 16% to sek 2,002m (1,729), corresponding to a margin of 15.3% (15.0)..Says changes in exchange rates, net of raw material costs, positively impacted operating income by around sek 110m..Q2 net sales increased to sek 13,069m (11,504), corresponding to a currency adjusted* growth of 8%..Husqvarna ab says we will continue to invest in strategic growth initiatives to further strengthen our position.Reuters poll: husqvarna q2 ebit was seen at 2,009 million sek, sales at 12,868 million.The Consumer Brands Division continues to focus on margin improvement where cost and efficiency measures, in parallel to increased product development, remain imperative..However due to the challenging U.S. retail market, the previously anticipated margin improvement is now expected to be slower..  Full Article

Kitron signs contract with Husqvarna Group
Wednesday, 21 Jun 2017 03:08am EDT 


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, U.S. affiliate to pay $2.85 million over emissions data

WASHINGTON Sweden's Husqvarna AB and its U.S. affiliate agreed on Tuesday to pay a $2.85 million civil penalty to resolve alleged violations of the Clean Air Act, the Justice Department and Environmental Protection Agency said in a statement.