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Husqvarna Ab (HSQVY) delivers cutting-edge outdoor power solutions, pioneering robotic lawn mowers and precision equipment for residential and commercial green space management. This news hub provides investors and industry professionals with timely updates on corporate developments, technological advancements, and strategic initiatives.
Access official press releases and curated news covering earnings reports, product innovations, sustainability efforts, and partnership announcements. Our repository ensures transparent access to operational milestones and market leadership updates from this industry innovator.
Discover updates on Husqvarna's integration of smart technologies like AI-driven mowers and IoT-enabled equipment. Track expansions in automated landscaping solutions and global supply chain enhancements through collaborations with partners like Flex and Rivulis Irrigation.
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Husqvarna AB (HSQVY) reported mixed Q1 2025 results amid uncertain market conditions. Net sales reached SEK 14,704m, showing a 1% organic decline. Operating income decreased to SEK 1,532m from SEK 1,930m, with margins falling to 10.4% from 13.1%.
The company achieved 16% growth in robotic mowers across both professional and consumer markets. However, performance was impacted by weak North American results, negative currency effects, and pricing pressures. The Husqvarna Forest & Garden Division showed growth, while the Construction Division faced challenges in North America.
Direct operating cash flow improved by SEK 400m, and net debt decreased to SEK 13.7bn from SEK 17.8bn. The company completed the strategic sale of its Orangeburg facility and announced CEO Pavel Hajman will leave by end of 2025.
Husqvarna AB (HSQVY) announced significant changes to its Board of Directors ahead of the 2025 Annual General Meeting scheduled for April 29, 2025, in Jönköping. Three current board members - Tom Johnstone, Bertrand Neuschwander, and Lars Pettersson - have declined re-election.
The Nomination Committee proposes three new board members: Claes Boustedt (Executive VP of L E Lundbergföretagen AB), Marlies Gebetsberger (Senior VP at Royal Philips), and Magnus Jarlegren (President of Autoliv Europe). The committee will propose re-election of six existing members, maintaining a total board size of 9 members.
As previously announced, Torbjörn Lööf is proposed to be elected as Chair of the Board. The complete proposals will be announced with the formal AGM notice around March 25, 2025.
Husqvarna (NASDAQ: HSQVY) and Flex (NASDAQ: FLEX) have announced a strategic manufacturing partnership focused on the North American market. The collaboration aims to enhance Husqvarna's supply chain flexibility, efficiency, and time to market while expanding Flex's Lifestyle portfolio into outdoor and power equipment.
Under the agreement, Flex will provide supply chain and manufacturing services to Husqvarna, leveraging its vertically-integrated manufacturing capabilities, including metal fabrication, distribution, and aftermarket services in the U.S. Husqvarna will maintain its leadership in product innovation and design, while benefiting from Flex's 50+ years of experience in partnering with market-leading brands.
Husqvarna Group reports challenging market conditions in Q4 2024, particularly in North America, with intensified promotional activities and unfavorable product mix impacting performance. The company expects organic sales to decline by 5% compared to the previous year, with an estimated operating loss between SEK 700-800 million (excluding items affecting comparability). Retail partners and servicing dealers are reducing inventory levels, leading to reduced production volumes and lower capacity utilization. CEO Pavel Hajman expressed disappointment in the continued negative development while noting ongoing cost-saving initiatives and preparation for the 2025 gardening season.
The Nomination Committee of Husqvarna AB has announced its intention to propose Torbjörn Lööf as the new Chair of the Board at the 2025 Annual General Meeting. This follows current Chair Tom Johnstone's decision to decline re-election after serving since 2015. Lööf, who has been a Board member since 2023 and currently serves as Deputy Chair, brings extensive industry experience, including his role as former CEO of Inter IKEA Holding. He currently chairs Electrolux Group's Board and serves on several other corporate boards. The transition is planned for the next Annual General Meeting on April 29, 2025.
Husqvarna Group has been named a Diversity Leader by Financial Times and Statista for the fourth consecutive year. In the 2025 ranking, the company placed 141st among 850 European companies and ranked seventh among Swedish companies. The assessment combines employee surveys (70% of final score) with objective indicators including women in management positions, diversity communications, and diversity performance scores (30%).
The ranking is based on feedback from over 100,000 European employees and objective metrics. Executive VP Leigh Dagberg emphasized the company's commitment to fostering an inclusive environment and driving innovation through diversity initiatives.
Husqvarna Group's Urban Green Space Report 2024 reveals a concerning decline in urban green spaces worldwide. Analysis of 344 cities across 62 countries shows that 75% of cities experienced reduced green spaces, with a total loss of 158 million m² primarily due to construction and urban expansion. While 95 million m² of new green space was added, the net loss stands at 63 million m². Europe remains the greenest region with 47% coverage, while South & West Asia averages 25%. Despite the overall decline, 87 cities managed to increase their green spaces, with Santiago adding 9.8 million m² of green areas.
Husqvarna Group reported mixed Q3 2024 results with net sales decreasing 7% to SEK 9,739m. Operating income fell to SEK 52m from SEK 398m, with margin dropping to 0.5%. While showing growth in strategic areas like robotics and battery-powered products, organic sales declined 4% amid challenging market conditions. The company announced additional cost reduction measures targeting SEK 500m in savings and 400 position reductions. Cash flow performance was strong, with direct operating cash flow reaching SEK 4,020m. The company plans to launch 13 new robotic mower models for the 2025 gardening season.
Husqvarna Group has unveiled four new robotic lawnmowers for professional green space management, expanding its boundary wire-free offering. The new models - 580L EPOS, 580 EPOS, 560 EPOS, and an updated 535 AWD EPOS - feature precision GPS navigation, boundary wire-free mowing, and selectable cutting patterns. These models are designed for sports fields, golf courses, and facility maintenance, offering capacities ranging from 6,000 m² to 16,000 m².
The 560 and 580 models will gain additional functionalities like solar panel compatibility and AI-driven features by 2026. Available globally from March 2025, these new models aim to revolutionize professional turf care, saving time, reducing emissions, and cutting costs. Husqvarna Group plans to launch a total of ten new boundary wire-free robotic lawnmowers for professional and residential customers in 2025.
Husqvarna Group has been recognized by TIME and Statista as one of the world's most sustainable companies in 2024, ranking 183rd among the top 500. This accolade follows an evaluation of 5,000 leading companies, focusing on emissions, energy consumption, and renewable energy usage. Husqvarna Group has achieved significant milestones, reducing emissions by 51% since 2015 while growing its business by 47%. The company has shifted from petrol to battery-powered products, with 43% electrified as of 2023, aiming for two-thirds by 2026. This recognition underscores Husqvarna's dedication to sustainability and innovation in combating climate change.
