Sweden · Delayed Price · Currency is SEK Husqvarna AB Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw a 4% organic sales decline due to weak European demand and inflation, but North America grew across all divisions. EBITDA margin improved to 13.6%, with strong cash flow and accelerated cost savings. Strategic actions included supplier consolidation, manufacturing shifts, and a business unit exit.
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Q1 2026 saw 2% organic sales growth and 10% EBIT expansion, driven by strong robotics, watering, and handheld segments, with cost savings and innovation supporting margins. Guidance for cost savings and tariffs was maintained, while inflation and inventory levels are closely monitored.
Fiscal Year 2025
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Organic sales grew 1% in 2025 despite soft North American demand and FX/tariff headwinds. Cost savings, reduced net debt, and a strong product pipeline support a proposed dividend increase and ambitious growth and margin targets for 2026 and beyond.
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A SEK 4 billion cost-out program will drive operational excellence and fund innovation, with new financial targets set for growth, margin, and capital efficiency. Divisions will focus on portfolio transformation, aftermarket expansion, and leveraging partnerships, while sustainability and culture change remain central.
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Professional and construction segments grew, offsetting declines in Gardena, with flat overall sales but improved earnings from cost control and mix. Strong cash flow reduced net debt, while FX and tariffs remain headwinds. Robotics and battery segments now comprise 22% of sales.
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Q2 saw 5% organic sales growth, margin expansion, and strong results in robotics and watering, despite macroeconomic headwinds and North American weakness. Sustainability targets were exceeded, and net debt was further reduced.
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Q1 saw a 1% organic sales decline and lower operating income, mainly due to North American weakness and currency headwinds, but robotics and battery products grew strongly. Cost-saving measures and inventory reductions improved cash flow, while tariff headwinds and market uncertainty remain key risks.
Fiscal Year 2024
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2024 saw strong cash flow, inventory reduction, and cost savings despite lower sales and margins due to challenging markets. Strategic divestiture and new product launches position the company for growth, with continued focus on robotics, battery, and sustainability.
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Robotics and battery products drove growth amid a 4% organic sales decline and weak North American demand. Cost-saving programs were accelerated, with SEK 1.7 billion targeted and SEK 600 million in one-off costs expected. Inventory and net debt were significantly reduced.
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Q2 2024 saw a 6% organic sales decline due to weak macro and adverse weather, especially impacting Gardena Watering and North American Construction. Professional robotics and battery products grew, cost savings supported margins, and cash flow was strong from inventory reduction.