Husqvarna Group
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Husqvarna becomes Title Partner of the British Masters on the DP World Tour
Prnewswire· 2026-01-13 09:35
Core Insights - Husqvarna has signed a multi-year agreement to become the Title Partner of the British Masters, a historic golf tournament, with the 2026 event to be held at The Belfry [1] - The partnership aims to showcase Husqvarna's robotic lawnmowers, which are already in use at over 1,700 golf courses globally [2] - Sir Nick Faldo, a six-time major winner and Husqvarna Brand Ambassador, will host the 2026 Husqvarna British Masters [3][4] Company Overview - Husqvarna Group is a global leader in innovative solutions for managing forests, parks, and gardens, as well as construction equipment [7] - The company was founded in 1689 and operates under the Husqvarna and Gardena brands, serving consumers and professionals in over 100 countries [7] - In 2024, Husqvarna Group reported net sales of SEK 48.4 billion and employs approximately 12,300 people across 40 countries [7] Partnership Details - Husqvarna will also serve as the Official Marketing Partner of the 2026 DP World Tour, following a successful collaboration in 2025 [5] - The company will be the Official Tournament Partner for the British Masters and Amgen Irish Open, and a Corporate Partner for several other tournaments [5] - Husqvarna's products will be showcased across DP World Tour channels, emphasizing their commitment to quality in golf course maintenance [5] Product Innovation - Husqvarna launched the world's first robotic lawnmower in 1995 and has been involved in commercial robotic lawnmowing since 2019 [6] - At the recent AIG Women's Open, 15 Husqvarna CEORA robotic mowers managed all 18 fairways, marking their debut on the world golf stage [6]
Husqvarna (OTCPK:HSQV.Y) 2025 Earnings Call Presentation
2025-12-10 07:30
Financial Targets & Growth Strategy - Husqvarna Group aims for average annual organic sales growth of 3-5% over a business cycle[51, 52, 82] - The company targets an operating margin exceeding 10% over a business cycle, excluding items affecting comparability[53, 54, 84, 85] - Husqvarna Group targets a return on capital employed (ROCE) of 15% over a business cycle, excluding items affecting comparability[55, 56, 86, 87] - The company plans transformative cost-out measures to achieve over 4 billion SEK in savings by 2030[58, 93] Business Performance & Portfolio Management - Husqvarna Group reported net sales of 47.6 billion SEK for Q3 2025 R12, with an operating margin of 6.4%[32] - Aftermarket sales reached approximately 9 billion SEK in Q3 2025 R12, with an ambition to exceed 12 billion SEK in sales by 2030[62] - Approximately 80% of Husqvarna Group's sales come from market positions ranked 1 or 2[33] - Residential sales account for approximately 60% and professional sales for approximately 40% of the company's sales as of Q3 2025 R12[39] Sustainability - Husqvarna Group aims for a 60% reduction in CO₂ emissions by 2030, calculated against a 2015 baseline[76] - The company targets 25% of net sales from circular offerings by 2030[77]
Husqvarna Group Capital Markets Day: Transforming to profitable growth
Prnewswire· 2025-12-10 07:16
Core Insights - Husqvarna Group is hosting its Capital Markets Day to outline strategic priorities and innovations aimed at long-term growth until 2030 [1] - CEO Glen Instone emphasizes the commitment to profitable growth through strategic portfolio management and operational excellence [2] Financial Targets - The company reiterates its dividend policy of 40% of net income [3] - New long-term financial targets include an average annual organic sales growth of 3-5% over a business cycle, an operating margin of over 10%, and a Return on Capital Employed (ROCE) of 15% [9] Sustainability Goals - Husqvarna Group aims to reduce CO2 emissions by 60% from the 2015 baseline by 2030 and plans for circular offerings to account for 25% of net sales [9] Cost-Reduction Initiatives - A transformational cost-out program is being implemented from 2026 to 2030, expected to yield annual run-rate savings of SEK 4 billion by the end of the period [4][5] - The program will incur SEK 1.5 billion in non-recurring costs, with SEK 1 billion expected to impact cash flows [5] Operational Efficiency - The cost-out program will focus on optimizing sourcing, geographical manufacturing footprint, and transitioning to a more asset-light business model [4] - The phasing of savings and costs will be communicated as the main activities are implemented [6]
HUSQVARNA GROUP: INTERIM REPORT JANUARY - SEPTEMBER 2025
Prnewswire· 2025-10-21 05:28
Core Insights - The third quarter of 2025 marks the first quarter under the new CEO, Glen Instone, who emphasizes a focus on innovation and competitiveness through the upcoming 2030 strategy [3][10]. Financial Performance - Organic sales growth was flat, with net sales decreasing by 5% to SEK 9,204 million, impacted by a -5% change in exchange rates [4][6]. - Operating income, excluding items affecting comparability, increased to SEK 140 million, with an operating margin of 1.5%, up from 0.5% in the previous year [5][6]. - Earnings per share after dilution improved to SEK -0.02 from -0.27, indicating a reduction in losses [6]. - Cash flow from operations and investments was SEK 2,331 million, down from 2,892 million [6]. Segment Performance - The professional segment showed strong growth, particularly in robotic mowers and handheld products, while the residential segment faced subdued demand, especially in North America [4]. - Organic sales grew by 1% in the Husqvarna Forest & Garden Division and by 3% in the Husqvarna Construction Division, but decreased by 7% in the Gardena Division [4]. Cost Management - The company is implementing cost-saving measures, including the closure of a facility in Brastad, Sweden, to transition towards a more asset-light business model [8]. - Net debt decreased to SEK 9.9 billion from 12.8 billion, with an improved net debt/EBITDA ratio of 2.2 [7]. Innovation and Future Outlook - The company plans to launch several innovative products in 2026, including AI vision-based robotic mowers, as part of its long-term sustainability agenda [9][10]. - A Capital Markets Day is scheduled for December 10, 2025, to present the new strategic roadmap [10].
Invitation: Husqvarna Group's Capital Markets Day, 2025
Prnewswire· 2025-09-18 06:13
Group 1 - Husqvarna Group will hold its Capital Markets Day on December 10, 2025, at the IVA Conference Center in Stockholm, providing insights into the company's strategic priorities and progress [1][2] - The event will feature presentations from CEO Glen Instone, CFO Terry Burke, and other management team members, showcasing the Group's market-leading products and innovations [1] - For those unable to attend in person, the presentations will be available via live online broadcast, with recordings and slides published on the company's website the day after the event [3] Group 2 - Husqvarna Group is a global leader in innovative solutions for managing forests, parks, and gardens, as well as construction equipment and diamond tools [4] - The company reported net sales of SEK 48.4 billion in 2024 and operates under the Husqvarna and Gardena brands, serving consumers and professionals in over 100 countries [4] - Husqvarna Group employs approximately 12,300 people across 40 countries and is listed on Nasdaq Stockholm [4] Group 3 - Omar Attar has been appointed as the interim President of the Husqvarna Forest and Garden Division, effective immediately [6] Group 4 - The second quarter of 2025 saw a 1% decrease in net sales to SEK 15,277 million compared to SEK 15,430 million in the previous year [7]
Glen Instone appointed CEO of Husqvarna Group
Prnewswire· 2025-07-17 18:26
Company Leadership Change - Glen Instone has been appointed as the new CEO of Husqvarna Group, effective August 11, 2025, succeeding Pavel Hajman [1] - The Board of Directors expressed confidence in Instone's leadership skills and deep knowledge of the business, which will be crucial for the company's future strategy [1] - Pavel Hajman has served as Group CEO since December 2022 and has been recognized for his dedication and leadership over the past decade [2] Glen Instone's Background - Glen Instone, aged 48, is a Chartered Management Accountant and holds a B.A. (Hons) in Accounting & Finance [4] - He joined Husqvarna in 2002 and has been part of Group Management since 2018, previously serving as Group CFO and in various roles within the Forest and Garden Division [4] Company Overview - Husqvarna Group is a global leader in innovative solutions for managing forests, parks, and gardens, as well as construction equipment and diamond tools [6] - The company reported net sales of SEK 48.4 billion in 2024 and employs approximately 12,300 people across 40 countries [6]
Bulletin from the Annual General Meeting of Husqvarna AB (publ)
Prnewswire· 2025-04-29 16:06
Core Points - The Annual General Meeting (AGM) of Husqvarna AB was held on April 29, 2025, where shareholders could attend physically or via advance voting [1] - The profit and loss statements and balance sheets were adopted, with a dividend of SEK 1.00 per share approved, to be paid in two installments [1] - The Board of Directors' proposal for the composition of the Board was approved, with nine members elected, including new members Claes Boustedt, Marlies Gebetsberger, and Magnus Jarlegren [2] - The total remuneration for the Board was set at SEK 8,490,000, with specific amounts allocated to the Chair and other members [3] - KPMG was elected as the auditor for the period until the next AGM, with fees based on approved invoices [4] - The AGM approved the renewal of remuneration guidelines for Group Management and the Remuneration Report [5] - A performance-based long-term incentive program for 2025 was approved, along with authorization for equity swap arrangements to hedge obligations [6] - The Board was authorized to issue up to approximately 57.6 million new B-shares for acquisitions, with pricing based on market value [7] Company Overview - Husqvarna Group is a global leader in innovative solutions for managing forests, parks, and gardens, as well as cutting equipment and diamond tools for construction and stone industries [9] - The company reported net sales of SEK 48.4 billion in 2024 and employs approximately 12,300 people in 40 countries [9]