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.
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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 Group will release its second quarter results on July 16, 2021, at 07:30 CET. Following the announcement, a conference call and webcast will occur at 10:00 CET, led by President & CEO Henric Andersson and CFO Glen Instone. The presentation will be in English and include a Q&A session. Participants can join via specific phone numbers for Sweden, the UK, and the US. Husqvarna is a leader in outdoor power products with net sales of SEK 42bn in 2020 and operates in over 100 countries.
The Annual General Meeting (AGM) of Husqvarna AB was held on April 14, 2021, in a mail-in format due to the Covid-19 pandemic. Key resolutions included the adoption of Income Statements and Balance Sheets, a dividend of SEK 2.40 per share, and the approval of the Board of Directors' proposal for remuneration totaling SEK 6,615,000. The AGM also authorized the issuance of up to 57.6 million new B-shares for acquisitions. KPMG was appointed as auditors for 2021-2022. The new Board composition includes Ingrid Bonde and re-election of seven members, with Tom Johnstone as Chair.
Husqvarna Group's 2020 Sustainovate Progress Report reveals a 32% reduction in CO2 emissions since 2015, encompassing emissions from suppliers and product usage. This achievement underscores the Group's commitment to leading in low-carbon solutions and aims for net-zero emissions by 2050. Key highlights include ongoing reductions in CO2 emissions alongside sales growth, plans to launch 50 circular innovations by 2025, and efforts to empower 5 million customers with sustainable practices, despite slightly missing supplier audit targets due to COVID-19 impacts.
Husqvarna Group has released its Annual Report for 2020, now available on its website. The report details the company's position as a leading producer of outdoor power products, including chainsaws and robotic lawn mowers, and highlights its sales operations across over 100 countries. This disclosure complies with the Financial Instruments Trading Act and was published on March 24, 2021, at 08:30 CET.
Husqvarna AB (publ) invites shareholders to the 2021 Annual General Meeting (AGM) on April 14, 2021, following mail-in procedures due to Covid-19. Shareholders must register by April 6 and notify their attendance by April 13. The agenda includes approving financial statements, electing directors, and discussing a proposed dividend of SEK 2.40 per share. The AGM will be conducted entirely online, with shareholder questions submitted in advance. A presentation summarizing the previous year's performance will be available on the company's website.
On March 10, 2021, Husqvarna Group announced its membership in the Climate Leadership Coalition (CLC), enhancing its commitment to sustainability and a low-carbon economy. Over the past five years, the company reduced CO2 emissions by 32% while increasing sales by 16%. Joining the CLC will support Husqvarna's goals to influence EU carbon pricing and engage in policy discussions. The company's sustainability framework, Sustainovate, emphasizes innovative solutions to address climate change and resource scarcity, crucial for its 2025 strategy.
Husqvarna reported a 4% increase in Q4 2020 net sales to SEK 6,683m, and a 13% growth adjusted for exchange rates. However, the operating income fell to SEK -944m due to supply chain efficiency measures, leading to a diluted earnings per share of SEK -1.26. For 2020, net sales dropped 1% to SEK 41,943m, but increased by 6% when adjusted. The company plans to propose a dividend of SEK 2.40 per share. Strategic investments in R&D and sustainability efforts are set to accelerate growth, alongside the launch of CEORA, an autonomous turf care solution.
