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Husqvarna Group (HUSQ) said challenging market conditions and restrained consumer spending have hit third-quarter performance, with the gardening season winding down and retail partners reducing inventories.
The Group expects organic sales to decline by approximately 5% year‑on‑year for Q3 and an approximately break‑even operating income. Margins are pressured by lower capacity utilization and promotional activity, while cash flow is expected to remain strong partly due to inventory reductions. Management is accelerating cost‑saving programs and will present further mitigating actions in the Q3 report.
The company highlighted continued sales growth in robotic mowers for the professional market, consumer battery products and parts & accessories, and plans significant product launches next year. The Q3 report will be published on 23 October 2024.