HUSQVARNA GROUP: INTERIM REPORT JANUARY - SEPTEMBER 2024
HUSQUARVA AB S/ADR (HSQVY)
NASDAQ:AMEX Investor Relations:
husqvarnagroup.com/en/ir
Company Research
Source: PR Newswire
STOCKHOLM, Oct. 23, 2024 /PRNewswire/ -- Growth in the strategic areas robotics and batteryThird quarter 2024 Net sales decreased by 7% to SEK 9,739m (10,512). Changes in exchange rates impacted by -3%. Organic sales decreased by 4%. Planned exits of low-margin petrol-powered business have been completed, with no sales impact in the quarter. Operating income was SEK 52m (398) and the operating margin was 0.5% (3.8). Excluding items affecting comparability, the operating income amounted to SEK 53m (415) and the operating margin was 0.5% (3.9). Earnings per share before dilution amounted to SEK -0.27 (0.22) and earnings per share after dilution amounted to SEK -0.27 (0.22). Cash flow from operations and investments amounted to SEK 2,892m (137). Direct operating cash flow was SEK 4,020m (1,814). In October, additional cost reduction activities were announced. These include cost savings of SEK 500m.January – September 2
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