HUSQVARNA GROUP: INTERIM REPORT JANUARY - SEPTEMBER 2024

STOCKHOLM, Oct. 23, 2024 /PRNewswire/ -- Growth in the strategic areas robotics and battery

Third quarter 2024           

Net sales decreased by 7% to SEK 9,739m (10,512). Changes in exchange rates impacted by -3%. Organic sales decreased by 4%.           

Planned exits of low-margin petrol-powered business have been completed, with no sales impact in the quarter.           

Operating income was SEK 52m (398) and the operating margin was 0.5% (3.8).           

Excluding items affecting comparability, the operating income amounted to SEK 53m (415) and the operating margin was 0.5% (3.9).           

Earnings per share before dilution amounted to SEK -0.27 (0.22) and earnings per share after dilution amounted to SEK -0.27 (0.22).           

Cash flow from operations and investments amounted to SEK 2,892m (137). Direct operating cash flow was SEK 4,020m (1,814).           

In October, additional cost reduction activities were announced. These include cost savings of SEK 500m.

January, September 2024           

Net sales decreased by 11% to SEK 39,888m (44,655). Changes in exchange rates impacted by -1%.           

Planned exits of low-margin petrol-powered business impacted with -3%. Organic sales decreased by 7%.           

Operating income was SEK 3,882m (4,863) and the operating margin was 9.7% (10.9).           

Excluding items affecting comparability, the operating income amounted to SEK 3,889m (5,138) and the operating margin was 9.8% (11.5).           

Earnings per share before dilution amounted to SEK 4.27 (5.59) and earnings per share after dilution amounted to SEK 4.26 (5.56).           

Cash flow from operations and investments was SEK 5,296m (5,157). Direct operating cash flow was SEK 6,323m (6,018).

Growth in the strategic areas robotics and battery 

"In the third quarter, we delivered growth in our strategic focus areas robotic mowers and battery-powered products, as well as a strong cash flow. However, organic sales for the Group decreased by 4%, which reflects a challenging ...