|Bid||76.80 x 0|
|Ask||77.20 x 0|
|Day's range||76.70 - 80.20|
|52-week range||76.10 - 145.40|
|Beta (5Y monthly)||1.20|
|PE ratio (TTM)||11.67|
|Forward dividend & yield||4.00 (5.16%)|
|Ex-dividend date||07 Oct 2022|
|1y target est||N/A|
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%.
Gardening power tools group Husqvarna warned on Tuesday that it could potentially lose top line sales of up to around 2 billion crowns ($230.7 million) next year, due to a supplier dispute. The Swedish firm said U.S-based Briggs & Stratton (B&S) had stated that it would only deliver "a very small portion" of the ride-on mower engines that Husqvarna had ordered ahead of the 2022 season. Husqvarna added that it had filed a lawsuit in SouthCarolina to compel B&S to deliver all the engines covered by its orders.