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

Stockholm - Stockholm Real-time price. Currency in SEK
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61.50-0.78 (-1.25%)
At close: 05:29PM CEST
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  • 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.

  • Reuters

    Gardening tools firm Husqvarna sees battery-powered sales boost

    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%.