HUSQVARNA AB: INTERIM REPORT JANUARY - MARCH 2025
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) ha riportato risultati contrastanti nel primo trimestre 2025 in un contesto di mercato incerto. Le vendite nette hanno raggiunto 14.704 milioni di SEK, registrando un calo organico dell'1%. Il reddito operativo è sceso a 1.532 milioni di SEK da 1.930 milioni di SEK, con margini in diminuzione al 10,4% dal 13,1%.
L'azienda ha registrato una crescita del 16% nei tosaerba robotici sia nei mercati professionali che in quelli consumer. Tuttavia, le performance sono state influenzate dai risultati deboli in Nord America, dagli effetti negativi dei cambi valutari e dalle pressioni sui prezzi. La divisione Forest & Garden di Husqvarna ha mostrato crescita, mentre la divisione Construction ha affrontato difficoltà in Nord America.
Il flusso di cassa operativo diretto è migliorato di 400 milioni di SEK e il debito netto è diminuito a 13,7 miliardi di SEK da 17,8 miliardi di SEK. L'azienda ha completato la vendita strategica del suo stabilimento di Orangeburg e ha annunciato che il CEO Pavel Hajman lascerà l'incarico entro la fine del 2025.
Husqvarna AB (HSQVY) presentó resultados mixtos en el primer trimestre de 2025 en medio de condiciones de mercado inciertas. Las ventas netas alcanzaron 14.704 millones de SEK, mostrando un descenso orgánico del 1%. El ingreso operativo disminuyó a 1.532 millones de SEK desde 1.930 millones de SEK, con márgenes que cayeron al 10,4% desde el 13,1%.
La compañía logró un crecimiento del 16% en cortacéspedes robóticos tanto en los mercados profesionales como en los de consumo. Sin embargo, el desempeño se vio afectado por resultados débiles en Norteamérica, efectos negativos de divisas y presiones en los precios. La división Forest & Garden de Husqvarna mostró crecimiento, mientras que la división de Construcción enfrentó desafíos en Norteamérica.
El flujo de caja operativo directo mejoró en 400 millones de SEK y la deuda neta disminuyó a 13,7 mil millones de SEK desde 17,8 mil millones de SEK. La compañía completó la venta estratégica de su planta en Orangeburg y anunció que el CEO Pavel Hajman dejará su cargo a finales de 2025.
Husqvarna AB (HSQVY)는 불확실한 시장 상황 속에서 2025년 1분기 혼조된 실적을 보고했습니다. 순매출은 147억 4천만 SEK에 달했으며, 유기적 감소율은 1%를 기록했습니다. 영업이익은 19억 3천만 SEK에서 15억 3천 2백만 SEK로 감소했으며, 마진은 13.1%에서 10.4%로 하락했습니다.
회사는 전문 및 소비자 시장 모두에서 로봇 잔디깎기 기기 부문 16% 성장을 달성했습니다. 그러나 북미 지역의 부진한 실적, 부정적인 환율 영향, 가격 압박으로 인해 성과에 영향을 받았습니다. Husqvarna의 Forest & Garden 부문은 성장세를 보였으나, 건설 부문은 북미에서 어려움을 겪었습니다.
직접 영업 현금 흐름은 4억 SEK 개선되었고, 순부채는 178억 SEK에서 137억 SEK으로 감소했습니다. 회사는 Orangeburg 시설의 전략적 매각을 완료했으며, CEO Pavel Hajman이 2025년 말까지 퇴임할 것이라고 발표했습니다.
Husqvarna AB (HSQVY) a publié des résultats mitigés pour le premier trimestre 2025 dans un contexte de marché incertain. Le chiffre d'affaires net a atteint 14 704 millions de SEK, enregistrant une baisse organique de 1%. Le résultat opérationnel a diminué à 1 532 millions de SEK contre 1 930 millions de SEK, avec une marge en recul à 10,4% contre 13,1%.
L'entreprise a réalisé une croissance de 16% sur les tondeuses robotisées sur les marchés professionnels et grand public. Cependant, les performances ont été affectées par des résultats faibles en Amérique du Nord, des effets de change négatifs et des pressions sur les prix. La division Forest & Garden de Husqvarna a connu une croissance, tandis que la division Construction a rencontré des difficultés en Amérique du Nord.
La trésorerie opérationnelle directe s'est améliorée de 400 millions de SEK, et la dette nette a diminué à 13,7 milliards de SEK contre 17,8 milliards de SEK. L'entreprise a finalisé la vente stratégique de son site d'Orangeburg et a annoncé que le PDG Pavel Hajman quittera ses fonctions d'ici fin 2025.
Husqvarna AB (HSQVY) meldete gemischte Ergebnisse für das erste Quartal 2025 angesichts unsicherer Marktbedingungen. Der Nettoumsatz erreichte 14.704 Mio. SEK und verzeichnete einen organischen Rückgang von 1%. Das Betriebsergebnis sank von 1.930 Mio. SEK auf 1.532 Mio. SEK, wobei die Margen von 13,1% auf 10,4% fielen.
Das Unternehmen erzielte ein Wachstum von 16% bei Robotermähern sowohl im professionellen als auch im Verbrauchermarkt. Die Leistung wurde jedoch durch schwache Ergebnisse in Nordamerika, negative Währungseffekte und Preisdruck beeinträchtigt. Die Husqvarna Forest & Garden Division zeigte Wachstum, während die Construction Division in Nordamerika vor Herausforderungen stand.
Der direkte operative Cashflow verbesserte sich um 400 Mio. SEK, und die Nettoverschuldung sank von 17,8 Mrd. SEK auf 13,7 Mrd. SEK. Das Unternehmen schloss den strategischen Verkauf seiner Anlage in Orangeburg ab und kündigte an, dass CEO Pavel Hajman bis Ende 2025 das Unternehmen verlassen wird.
- 16% growth in robotic mowers segment
- Direct operating cash flow improved by SEK 400m
- Net debt reduced by SEK 4bn year-over-year
- Successful growth in Husqvarna Forest & Garden Division
- 1% organic sales decline
- Operating margin decreased to 10.4% from 13.1%
- Weak performance in North American market
- Earnings per share declined to SEK 1.69 from SEK 2.31
- Negative price effects impacting profitability
First quarter 2025
- Net sales amounted to
SEK 14,704m (14,719). Changes in exchange rates contributed by1% . Sales declined organically by1% . - Operating income was
SEK 1,532m (1,930) and the operating margin was10.4% (13.1). Changes in exchange rates impacted bySEK -140m . - Items affecting comparability amounted to
SEK -29m (0) and was related to the divestment of theOrangeburg production plant in SC,U.S. - Excluding items affecting comparability, the operating income amounted to
SEK 1,561m (1,930) and the operating margin was10.6% (13.1). - Earnings per share after dilution amounted to
SEK 1.69 (2.31) and earnings per share excluding items affecting comparability and after dilution amounted toSEK 1.73 (2.31). - Cash flow from operations and investments was
SEK -96m (-1,057). Direct operating cash flow was SEK -1,212m (-1,614). - Net debt decreased to
SEK 13.7bn (17.8).
Significant event after the quarter
- Pavel Hajman will leave his position as Husqvarna Group CEO and Board Member by the end of 2025.
Strong growth for robotic mowers in uncertain market conditions
"In the first quarter we achieved
At Group level, net sales decreased organically by
The Husqvarna Forest & Garden Division grew in the quarter, with good contribution from successful product launches in robotic mowers and handheld products. The Gardena Division also achieved good growth in the robotic mower segment. However, this was offset by decreased sales for watering solutions, due to continued cautiousness among our retail partners. The Husqvarna Construction Division delivered growth in
Improved cash flow and reduced net debt
We are actively working to strengthen the cash flow through several initiatives, including a continued focus on inventory optimization. Direct operating cash flow improved by some
Focus on costs and operational improvements
We are entering this year's gardening season with an extensive product launch program and enhanced distribution capacity. At the same time, we are experiencing an unprecedented level of uncertainty in the broader economy, driven by rising trade tariffs, ongoing geopolitical instability and significant currency effects. These developments are expected to reduce customer demand and impact our financial performance. In response, we are implementing price increases and conducting a review of our supply chain to mitigate the effects. In addition, we remain focused on delivering on our cost-saving initiatives, improving cash flow and further intensifying our efforts to drive additional efficiencies. This includes product cost reductions and reduced complexity. We are also actively investing in and promoting the growth of services and aftermarket revenue streams.
As our new strategic period begins 2026, we are taking concrete steps to advance the next phase of our long-term strategy. A key component include prioritizing high-potential segments that offer the greatest opportunity for sustainable value creation, particularly through an increased focus on our professional product offerings. At the same time, we are intensifying efforts to drive efficiency across the Group and adopting a more asset-light operating model.
To summarize, while preparing and taking actions for an uncertain economic climate, the Group remains committed to the ongoing transformation and long-term value creation."
Pavel Hajman, CEO
Webcast presentation and telephone conference
A webcast presentation of the Q1 report hosted by Pavel Hajman, CEO
and Terry Burke, CFO will be held at 10:00 CET on April 24, 2025.
To view the presentation, please use the link:
https://husqvarnagroup.creo.se/b7876490-a2c7-4145-a980-49b5edee7fe6
The dial-in to the telephone conference (in order to ask questions):
+46 (0) 8 505 100 31 (
Dates for Financial Reports 2025
April 29 | Annual General Meeting 2025 |
July 18 | Interim report for January-June 2025 |
October 21 | Interim report for January-September 2025 |
Contacts
Terry Burke, CFO and Executive Vice President, Finance, IR & Communication
+46 8 738 90 00
Johan Andersson, Vice President, Investor Relations
+46 702 100 451
Husqvarna AB (publ), P.O. Box 7454, SE-103 92 Stockholm
Regeringsgatan 28, +46 8 738 90 00, www.husqvarnagroup.com
Reg. Nr: 556000-5331
NASDAQ OMX Stockholm: HUSQ A, HUSQ B
This report contains insider information that Husqvarna AB is required to disclose under the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the contact person set out above, at 07.00 CET on April 24, 2025.
Factors affecting forward-looking statements
This report contains forward-looking statements in the sense referred to in the American Private Securities Litigation Reform Act of 1995. Such statements comprise, among other things, financial goals, goals of future business and financial plans. These statements are based on present expectations and are subject to risks and uncertainties that may give rise to major deviations in the result due to several aspects. These aspects include, among other things: consumer demand and market conditions in the geographical areas and lines of business in which Husqvarna operates, the effects of currency fluctuations, downward pressure on prices due to competition, a material reduction in sales by important distributors, success in developing new products and in marketing, outcome of product responsibility litigation, progress in terms of reaching the goals set for productivity and efficient use of capital, successful identification of growth opportunities and acquisition objects, integration of these into the existing business and successful achievement of goals for making the supply chain more efficient.
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SOURCE Husqvarna AB
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