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Husqvarna AB (publ) (HUSQ-B.ST)

Stockholm - Stockholm Real-time price. Currency in SEK
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90.08-2.18 (-2.36%)
At close: 05:29PM CET
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  • Reuters

    Germany's Bosch to increase stake in Sweden's Husqvarna to 12%

    Bosch has agreed to increase its shareholding in Sweden's Husqvarna to roughly 12%, making it one of the biggest shareholders, in a move to strengthen their battery alliance, the German auto parts maker said. "We welcome Bosch as a large shareholder in the Husqvarna Group," Board Chairman Tom Johnstone said in a statement on Friday. The German company has so far bought less than 5% of Husqvarna shares and has an agreement for around 7% more, a Bosch spokesperson said.

  • Reuters

    Husqvarna's quarterly operating profit misses forecasts, cuts jobs

    (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.

  • Reuters

    Husqvarna raises prices again as costs increase and quarterly profit dips

    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.