STOCKHOLM, Nov. 14, 2024 /PRNewswire/ -- Tom Johnstone declines re-election as Chair of the Board of Husqvarna AB. He will remain as Board Chair until the next Annual General Meeting, to be held on April 29, 2025.  The Nomination Committee intends to propose the election of Torbjörn Lööf as new Chair of the Husqvarna AB Board.

Tom Johnstone has served as the Chair of the Board of Husqvarna AB since 2015 and has been a member of the Board since 2006. Torbjörn Lööf has been part of Husqvarna's Board of Directors since 2023 and was elected Deputy Chair of the Board at the Board's statutory board meeting held in connection with the 2024 Annual General Meeting. 

STOCKHOLM, Nov. 14, 2024 /PRNewswire/ -- Husqvarna Group is reaffirming its position as a Diversity Leader, securing the prestigious title from Financial Times and Statista for the fourth consecutive year. In the 2025 ranking Husqvarna Group is placed 141 among 850 European companies, and on a seventh position among Swedish companies.

The FT-Statista Diversity Leaders ranking is based on the views of over 100,000 employees across Europe, combined with three objective indicators:

- The share of women in management positions (e.g. executive committees, boards of directors, supervisory boards)

STOCKHOLM, Nov. 12, 2024 /PRNewswire/ -- Today, Husqvarna Group unveils the Urban Green Space Report 2024, highlighting a concerning decline in urban green spaces worldwide. Analyzing satellite data and AI insights from 344 cities across 62 countries, the report reveals that 75% of these cities have seen a reduction in green spaces. The trend thus continues in the same direction as in previous years.

Since 2019, Husqvarna Group's HUGSI (Husqvarna Urban Green Space Insights) has provided critical data on urban green space development. HUGSI's tools are used in international research and as a basis for decision-making by cities around the world to plan based on the need for green spaces in the city.

Green spaces are essential for cities' health, improving air quality, reducing noise and enhancing biodiversity meanwhile creating possibilities for salubrious recreation. Husqvarna Group welcomes you to the exclusive presentation of Urban Green Space report 2024, sharing insights from analyzing urban green spaces around the world with the help of satellite data and AI. A total of 344 cities in 62 countries across all continents have been analyzed, giving important insights of how the cities' green spaces have developed over the past years.

STOCKHOLM, Oct. 23, 2024 /PRNewswire/ -- Growth in the strategic areas robotics and battery

Third 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.

STOCKHOLM, Oct. 23, 2024 /PRNewswire/ -- Husqvarna Group is initiating further cost reductions and profitability initiatives to address the challenging market and constrained consumer spending. These measures are expected to result in fixed cost savings of SEK 500m per year and will impact approximately 400 positions across the Group.

The new cost saving measures announced today are in addition to the ongoing cost savings programs launched in 2022 and 2023, where the Group is reducing costs to enable increased investments in its strategic value creation areas: robotic mowers, battery products, watering, and professional solutions.  

STOCKHOLM, Oct. 18, 2024 /PRNewswire/ -- Maha Elkharbotly has been appointed President of the Gardena Division and will also be a member of Husqvarna Group's executive management team.

Maha Elkharbotly holds an MBA in Marketing from the University of Illinois and is currently President at I-Health, a wholly owned subsidiary of DSM Firmenich. Maha has previously held multiple executive positions at DSM Firmenich, LIXIL, Grohe and Whirlpool.  

"I am very pleased to welcome Maha to Husqvarna Group. Her broad experience and strong knowledge in sales, marketing, channel management and leadership will be valuable assets in the continued journey of Gardena. Maha brings vast experience from building brands as well as driving international expansion, innovation and business transformation. This expertise will be central to continue building Gardena's position as a global leader in watering, as well as advancing smart garden systems including robotic mowers for passionate gardeners", says Pavel Hajman, CEO of Husqvarna Group.  

STOCKHOLM, Oct. 8, 2024 /PRNewswire/ -- Husqvarna Group will publish its third quarter results on October 23, 2024, at approximately 07:00 CET. A combined webcast and conference call hosted by CEO Pavel Hajman and CFO Terry Burke will be held at 10:00 CET the same day. The presentation will be held in English and followed by a Q&A session.

Link to the webcast: https://husqvarnagroup.creo.se/cedeece6-0700-4eb4-8457-f49a744d3dd3

To join the telephone conference:Sweden: +46 (0)8 505 100 31United Kingdom: +44 (0) 207 107 06 13United States: +1 (1) 631 570 56 13

STOCKHOLM, Sept. 20, 2024 /PRNewswire/ -- The members of the Nomination Committee for the Husqvarna AB 2025 Annual General Meeting ("AGM") have now been appointed, as follows:

Petra Hedengran (Chair, appointed by Investor AB)Louise Lindh (appointed by L E Lundbergföretagen AB)Fredrik Ahlin (appointed by If Skadeförsäkring AB)Oskar Börjesson (appointed by Livförsäkringsbolaget Skandia)Tom Johnstone (Board Chair of Husqvarna AB)

Such appointments have been made in accordance with the rules last approved by the Husqvarna AB AGM. Those rules state that the Nomination Committee shall consist of one representative of each of the four largest shareholders in the Company (in terms of voting rights) as of the last banking day of August, who have upon request expressed a wish to participate in the nomination committee work, together with the Chair of the Board of Directors.

STOCKHOLM, Sept. 10, 2024 /PRNewswire/ -- Challenging market conditions and restrained consumer spending continue to have an impact on the Group's sales and operating result in the third quarter. In addition, the gardening season is gradually coming to an end with retail partners and servicing dealers reducing their inventory levels.

Cash flow is expected to remain strong, partly driven by reductions in the Group's inventory levels.

As a result of these combined factors, the Group's organic sales for the third quarter are expected to decline by approximately 5%, compared to the previous year with an approximately break-even operating income result. Margins are also negatively impacted by lower capacity utilization and promotional activities.