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.
The HSQVY news page tracks announcements and disclosures related to Husqvarna AB’s underlying company, Husqvarna Group. Husqvarna Group describes itself as a global leader in solutions for managing forests, parks, and gardens, and in cutting equipment and diamond tools for light construction and stone industries. Its news flow reflects developments in outdoor power equipment, robotic lawn mowers, watering systems, and construction tools, as well as corporate governance and financial performance.
Readers can follow company-issued news such as interim reports, where Husqvarna Group discusses net sales, operating income, cash flow, and themes like growth in robotic mowers and battery-powered products, challenging market conditions, and cost-saving initiatives. AGM bulletins provide information on dividends, board composition, long-term incentive programs, and authorizations for new share issues. Nomination Committee releases outline proposed changes to the Board and intended candidates for Chair.
Product and technology updates appear in press releases announcing new robotic lawn mower models for professional green space management, including boundary wire-free solutions aimed at sports fields, golf courses, and facility maintenance. Other communications describe initiatives like the Urban Green Space Report from HUGSI (Husqvarna Urban Green Space Insights), which uses satellite data and AI to analyze urban green space trends worldwide.
Strategic and operational news items may also cover manufacturing partnerships, such as Husqvarna’s agreement with Flex to provide supply chain and manufacturing services for the North American market, and organizational changes, including appointments of division presidents or planned CEO transitions. Investors and observers can use this news stream to monitor how Husqvarna Group reports on its markets, product focus, governance decisions, and broader initiatives linked to green space and sustainability.
Husqvarna Group (OTC:HSQVY) has appointed Omar Attar as the interim President of the Husqvarna Forest and Garden Division, effective immediately. Attar, who has served as the division's CFO since January 2025, will join the Group Management team while maintaining his interim role until a permanent successor to Glen Instone is appointed.
Attar brings significant financial leadership experience from his previous roles as Group CFO at Martin & Servera AB, CFO at Scandinavian Service Partner for Nordics, Orkla Confectionery & Snacks Sweden, and strategic financial positions at Unilever and John Deere International. The company, founded in 1689, is a global leader in forest, park, and garden management solutions, with net sales of SEK 48.4 billion in 2024 and approximately 12,300 employees across 40 countries.
Husqvarna held its Annual General Meeting on April 29, 2025, in Jönköping with both physical and advance voting options. The company approved a dividend of SEK 1.00 per share, to be paid in two installments of SEK 0.50 each in May and November 2025.
Key decisions include:
- Appointment of nine board members with Torbjörn Lööf as new Board Chair
- Total board remuneration set at SEK 8,490,000
- KPMG elected as auditor
- Approval of LTI 2025 long-term incentive program
- Authorization for issuing up to 57.6 million new B-shares for acquisitions
The company, a global leader in forest, park, and garden solutions, reported net sales of SEK 48.4 billion in 2024 and employs 12,300 people across 40 countries.
Husqvarna AB (HSQVY) reported mixed Q1 2025 results amid uncertain market conditions. Net sales reached SEK 14,704m, showing a 1% organic decline. Operating income decreased to SEK 1,532m from SEK 1,930m, with margins falling to 10.4% from 13.1%.
The company achieved 16% growth in robotic mowers across both professional and consumer markets. However, performance was impacted by weak North American results, negative currency effects, and pricing pressures. The Husqvarna Forest & Garden Division showed growth, while the Construction Division faced challenges in North America.
Direct operating cash flow improved by SEK 400m, and net debt decreased to SEK 13.7bn from SEK 17.8bn. The company completed the strategic sale of its Orangeburg facility and announced CEO Pavel Hajman will leave by end of 2025.
Husqvarna AB (HSQVY) announced significant changes to its Board of Directors ahead of the 2025 Annual General Meeting scheduled for April 29, 2025, in Jönköping. Three current board members - Tom Johnstone, Bertrand Neuschwander, and Lars Pettersson - have declined re-election.
The Nomination Committee proposes three new board members: Claes Boustedt (Executive VP of L E Lundbergföretagen AB), Marlies Gebetsberger (Senior VP at Royal Philips), and Magnus Jarlegren (President of Autoliv Europe). The committee will propose re-election of six existing members, maintaining a total board size of 9 members.
As previously announced, Torbjörn Lööf is proposed to be elected as Chair of the Board. The complete proposals will be announced with the formal AGM notice around March 25, 2025.
Husqvarna (NASDAQ: HSQVY) and Flex (NASDAQ: FLEX) have announced a strategic manufacturing partnership focused on the North American market. The collaboration aims to enhance Husqvarna's supply chain flexibility, efficiency, and time to market while expanding Flex's Lifestyle portfolio into outdoor and power equipment.
Under the agreement, Flex will provide supply chain and manufacturing services to Husqvarna, leveraging its vertically-integrated manufacturing capabilities, including metal fabrication, distribution, and aftermarket services in the U.S. Husqvarna will maintain its leadership in product innovation and design, while benefiting from Flex's 50+ years of experience in partnering with market-leading brands.
Husqvarna Group reports challenging market conditions in Q4 2024, particularly in North America, with intensified promotional activities and unfavorable product mix impacting performance. The company expects organic sales to decline by 5% compared to the previous year, with an estimated operating loss between SEK 700-800 million (excluding items affecting comparability). Retail partners and servicing dealers are reducing inventory levels, leading to reduced production volumes and lower capacity utilization. CEO Pavel Hajman expressed disappointment in the continued negative development while noting ongoing cost-saving initiatives and preparation for the 2025 gardening season.
The Nomination Committee of Husqvarna AB has announced its intention to propose Torbjörn Lööf as the new Chair of the Board at the 2025 Annual General Meeting. This follows current Chair Tom Johnstone's decision to decline re-election after serving since 2015. Lööf, who has been a Board member since 2023 and currently serves as Deputy Chair, brings extensive industry experience, including his role as former CEO of Inter IKEA Holding. He currently chairs Electrolux Group's Board and serves on several other corporate boards. The transition is planned for the next Annual General Meeting on April 29, 2025.
Husqvarna Group has been named a Diversity Leader by Financial Times and Statista for the fourth consecutive year. In the 2025 ranking, the company placed 141st among 850 European companies and ranked seventh among Swedish companies. The assessment combines employee surveys (70% of final score) with objective indicators including women in management positions, diversity communications, and diversity performance scores (30%).
The ranking is based on feedback from over 100,000 European employees and objective metrics. Executive VP Leigh Dagberg emphasized the company's commitment to fostering an inclusive environment and driving innovation through diversity initiatives.
Husqvarna Group's Urban Green Space Report 2024 reveals a concerning decline in urban green spaces worldwide. Analysis of 344 cities across 62 countries shows that 75% of cities experienced reduced green spaces, with a total loss of 158 million m² primarily due to construction and urban expansion. While 95 million m² of new green space was added, the net loss stands at 63 million m². Europe remains the greenest region with 47% coverage, while South & West Asia averages 25%. Despite the overall decline, 87 cities managed to increase their green spaces, with Santiago adding 9.8 million m² of green areas.
Husqvarna Group reported mixed Q3 2024 results with net sales decreasing 7% to SEK 9,739m. Operating income fell to SEK 52m from SEK 398m, with margin dropping to 0.5%. While showing growth in strategic areas like robotics and battery-powered products, organic sales declined 4% amid challenging market conditions. The company announced additional cost reduction measures targeting SEK 500m in savings and 400 position reductions. Cash flow performance was strong, with direct operating cash flow reaching SEK 4,020m. The company plans to launch 13 new robotic mower models for the 2025 gardening season.