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.
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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.
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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.
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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.