|Bid||0.00 x N/A|
|Ask||0.00 x N/A|
|Day's range||0.00 - 0.00|
|Beta (5Y monthly)||1.23|
|PE ratio (TTM)||0.11|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
(Reuters) -Garden equipment and tools maker Husqvarna on Friday reported third-quarter operating profit well below market expectations, and said it would restructure its business and cut 1,000 jobs. The Swedish company reported a 40% drop in its quarterly operating profit to 555 million Swedish crowns ($49.1 million), down from 926 million crowns a year earlier and below the 644.2 million crowns expected by analysts in a Refinitiv poll. Shares in Husqvarna, already down 55% this year as of Thursday's market close, fell 5% in early Friday trade.
STOCKHOLM (Reuters) -Husqvarna, the world's biggest maker of gardening power equipment, is raising prices further this month in the face of rising supply and energy costs, it said on Thursday, after first-quarter profits fell slightly less than expected. The Swedish group, whose products range from ride-on and robotic lawn mowers to irrigation systems and chainsaws, said operating profit fell despite strong demand to 2.16 billion crowns ($228.9 million) from 2.29 billion a year earlier. "Cost increases for raw materials, energy and transportation are expected to continue and therefore further price increases are being implemented," the company said.
STOCKHOLM (Reuters) -Husqvarna, the world's biggest maker of power gardening tools, has raised its overall financial targets and growth ambitions for robotic lawn mowers and other battery-powered products. The Swedish group, whose products range from trimmers and chainsaws to garden tractors and irrigation systems, and which has benefited from the stay-at-home trend caused by the pandemic, said late Tuesday it now targets annual organic sales growth of 5% and an operating margin of 13%.