Husqvarna Ab - HSQVY STOCK NEWS

Husqvarna Group acquires ETwater, a leader in smart irrigation management, to enhance solutions for enterprise customers in North America.

Husqvarna Group successfully issues a green SEK-denominated 3-year bond worth 1,750 million under the Medium Term Note Program. The proceeds will be used for investments in low-carbon products and solutions, showcasing the Company's commitment to sustainability and long-term competitiveness.

Husqvarna AB (HUQVF) experienced a challenging market in Q4 2023, with a 15% decline in net sales organically. The operating income was negatively impacted, resulting in an operating margin of -11.4%. However, for the full year 2023, the company saw a 1% decline in net sales but managed to increase the operating margin to 9.3%. The company also reduced CO2 emissions by 44% compared to 2015, exceeding their target. Despite market uncertainties, Husqvarna is focused on strategic transformation and cost-saving initiatives, with a proposed dividend of SEK 3.00 per share for the year.

Pär Åström, President of the Gardena Division at Husqvarna Group, is leaving the company on June 30, 2024. During his leadership, the Gardena division grew to become the global leader in residential watering. The recruitment for Pär's successor will start immediately.

Husqvarna Group (HUSQ B) forms International Biodiversity Advisory Board to align with COP 15 commitment, appoints distinguished panel of experts to guide market and product development.

Bosch has announced its intention to acquire shares in Husqvarna AB, aiming for approximately 12% ownership, pending approval. This partnership signifies a deeper collaboration, particularly in the electrification efforts exemplified by the Power for All Alliance. Tom Johnstone, Chairman of the Board of Directors at Husqvarna Group, expressed enthusiasm about Bosch's involvement as a significant shareholder. Importantly, no new shares have been issued by Husqvarna AB.

Husqvarna is set to launch its first virtual boundary robotic lawn mower, the Husqvarna Automower NERA, in early 2023. This innovative product utilizes a satellite navigation system to operate without physical boundary wires, allowing for customizable lawn care management through the Husqvarna Automower Connect App. The NERA series features three models catering to lawn sizes from 2200 to 5000 m², with precision cutting capabilities and the ability to navigate challenging terrains. This development reinforces Husqvarna's leadership in robotic lawn mowing technology.

Husqvarna Group has invested USD 7.5 million in Moleaer, a leader in nanobubble technology aimed at enhancing sustainable agriculture, water treatment, and resource recovery. This marks Husqvarna's seventh venture capital investment, with the aim to leverage nanobubble technology to tackle water scarcity issues. The partnership is expected to drive innovation in sustainable solutions for agriculture and horticulture. Moleaer has over 1,500 installations globally, employing nanobubbles to improve water's performance and support efficient agricultural practices.

Husqvarna Group has released its 2021 Sustainovate Progress Report, highlighting its commitment to sustainability through electrification. The company aims for 67% of motorized sales to be electrified within five years. Key achievements include a 27% reduction in CO2 emissions since 2015 and plans to reduce another 8% by 2025. The report also outlines the launch of two new battery solutions and a target of 50 circular innovations by 2025. Husqvarna aims to empower 5 million customers to make sustainable choices by 2025.