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Husqvarna Ab - HSQVY STOCK NEWS

Welcome to our dedicated page for Husqvarna Ab news (Ticker: HSQVY), a resource for investors and traders seeking the latest updates and insights on Husqvarna Ab stock.

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.

Bookmark this page for streamlined monitoring of HSQVY's performance indicators and industry influence. Regular visits ensure you remain informed about this leader in outdoor equipment innovation.

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Husqvarna, a leading name in robotic lawnmowing, has entered a multi-year global partnership with Liverpool Football Club, making it the official groundskeeping partner. This collaboration, a first for both entities, aims to integrate Husqvarna’s innovative equipment into Liverpool FC's groundskeeping routine, ensuring optimal pitch conditions. Liverpool FC will leverage its vast global following and digital presence to enhance Husqvarna’s brand visibility. The partnership underscores shared values of innovation and sustainability, promising to bring unique experiences to fans and customers worldwide. This is expected to enhance Husqvarna's market visibility significantly.

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Husqvarna Group's first quarter 2024 saw a 14% decrease in net sales, impacted by planned exits of low-margin petrol-powered business and a 11% decline in organic sales. The Gardena Division achieved 2% organic growth, while operating income decreased to SEK 1,930m. The acquisition of ETwater expanded the commercial irrigation offering in North America. Despite challenges, the Group remains focused on strategic growth in segments like robotic mowers and battery-powered products, emphasizing sustainability and innovation.
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Torbjörn Lööf has been appointed Deputy Chair of the Board of Husqvarna AB following a resolution by the Board of Directors. The decision was made during the Husqvarna Group Annual General Meeting held in Jönköping. Torbjörn Lööf will take on this new role as Deputy Chair of the Board.
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Husqvarna Group acquires ETwater, a leader in smart irrigation management, to enhance solutions for enterprise customers in North America.
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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.
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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.
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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.
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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.
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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.

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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.

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Husqvarna Ab

OTC:HSQVY

HSQVY Rankings

HSQVY Stock Data

2.90B
231.94M
0%
Tools & Accessories
Industrials
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Sweden
Stockholm