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.
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.
Husqvarna Group's Annual Report 2021 is now available on its website, providing insights into the company's financial performance and strategic direction. The report highlights Husqvarna as a leading global producer of outdoor power products, including chainsaws and robotic lawn mowers. With operations in over 100 countries, the company also leads in garden watering products in Europe and cutting tools for the construction industry. The report is accessible at www.husqvarnagroup.com.
Husqvarna AB announces its 2022 Annual General Meeting (AGM) set for April 7, 2022, to be conducted via mail-in voting due to ongoing Covid-19 concerns. Shareholders must register by March 30, 2022, and submit their attendance by April 6, 2022. The AGM agenda includes items on the adoption of the Profit and Loss Statement, the proposed dividend of SEK 3.00 per share, and the election of the Board of Directors. Voting results will be published within two weeks post-meeting. Additionally, Husqvarna plans to present a pre-recorded 2021 overview video on its website.
Husqvarna Group has appointed Terry Burke, currently Vice President Finance of the Husqvarna Forest & Garden Division, as the new CFO, effective March 1, 2022. Terry has been with the company since 2010, holding several senior positions and bringing extensive experience in finance and leadership. CEO Henric Andersson expressed confidence in Burke's capabilities to lead the financial strategy of the company. Glen Instone, the outgoing CFO, will transition to President of the Husqvarna Forest & Garden Division.
Husqvarna Group has announced new financial targets and growth ambitions ahead of its Capital Markets Day on December 1, 2021. The company aims for 5% annual organic sales growth, a 13% operating margin, and 20% capital efficiency. The focus on electrification and robotics is expected to enhance shareholder value and sustainability. Additionally, Husqvarna has set targets to double its robotic mower sales and increase the proportion of electrified products from 38% to 67% by 2025. The event will also highlight innovations such as the battery-powered K1 Pace power cutter.
Husqvarna Group and Briggs & Stratton have settled their engine supply dispute, ensuring the provision of engines for ride-on mowers before the 2022 season. The agreement includes a modified supply relationship extending into 2023. This resolution alleviates potential financial impacts previously anticipated by Husqvarna due to engine shortages. Glen Instone, Acting President and CFO, expressed satisfaction with the outcome, emphasizing secured product availability for customers.
On October 28, 2021, Husqvarna Group endorsed the Call on Carbon, urging COP26 delegates to implement effective carbon pricing policies. CEO Henric Andersson emphasized the company's commitment to leading in low-carbon solutions. The initiative aims to align carbon pricing globally, enhance investments in clean solutions, and address the imbalance of fossil fuel subsidies versus climate investment needs. The Call on Carbon is supported by multiple corporate and sustainable business networks.
Husqvarna Group has invested €1 Million in Gamma Technologies, marking the fifth investment from its venture capital fund aimed at fostering start-ups in digital disruption within the construction industry.
This investment aims to enhance augmented reality (AR) technology usage in construction, reducing planning time and errors on job sites through 3D Building Information Modeling (BIM) overlays. The collaboration is expected to further develop Husqvarna's construction business and elevate industry awareness regarding AR technologies.
