Releases - Husqvarna AB

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2008

 

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Dates for financial reports from Husqvarna in 2009

12/22/2008 9:30 AM EST
February 20, Consolidated Results for 2008 April 23, Interim report for January-March (date of Annual General Meeting) July 17, Interim report for January-June October 23, Interim report for January-September For more information, please contact: Åsa Stenqvist, Head of Group staff Communications and Investor Relations, at +46-8-738 64 94.

Lower earnings for fourth quarter due to costs for personnel cutbacks and lower ...

12/19/2008 2:55 AM EST
The Group’s operating income for the fourth quarter 2008 will be substantially lower than in the previous year. The decline is due to lower sales and production volumes, as well as costs related to the previously announced personnel cutbacks which will be implemented faster than expected. The total remaining cost related to the cutbacks will be charged against operating income in the fourth quarter.

Husqvarna to launch demolition robot

10/28/2008 4:15 AM EST
This November marks the production start of Husqvarna’s first demolition robot - a remote-controlled demolition machine developed by Husqvarna Construction Products in Jonsered, Sweden. The robot is the first product from a new Demolition Robots category, which is projected to strengthen the Group’s leading position in machinery for the construction industry.
The market for demolition robots has grown...

Interim report January-September 2008

10/23/2008 2:00 AM EST
Magnus Yngen, President and CEO:
“Sales in the third quarter were largely unchanged. The decline in operating income resulted mainly from higher material costs and a less favorable product mix within Consumer Products in the US, as well as lower sales of Professional Products for the construction industry. Other operations have generally performed in line with the previous year. Income was also negatively affected...

Composition of nomination committee

10/8/2008 10:15 AM EST
The Annual General Meeting of Husqvarna AB (publ) will be held on April 23, 2009, in Jönköping, Sweden.

In accordance with the decision by the Annual General Meeting in April 2008, Husqvarna shall have a Nomination Committee consisting of representatives of each of the four largest shareholders in terms of voting rights, and the Chairman of the Husqvarna Board.

The members of the Nomination Committee for the...

Lower sales and earnings for third quarter and decision on cost-cutting measures

9/16/2008 5:30 AM EST
As a result of lower sales and a substantially reduced production rate, the Group’s operating income for the third quarter will be substantially lower than in the previous year. The decline refers primarily to consumer products for the mass market channels in North America and Europe, as well as to products for the construction industry within Professional products.

Due to seasonal effects in Group operations,...

Interim report January-June 2008

7/18/2008 2:00 AM EST
• Net sales for the first half year decreased by 4% to SEK 20,386m (21,262). Excluding acquisitions, net sales decreased by 12% and by 7% in comparable currencies.

• Operating income decreased by 8% to SEK 2,523 m (2,742). Excluding acquisitions, operating income decreased by 17% in comparable currencies.

• Income for the period decreased to SEK 1,563m (1,683), corresponding to SEK 4.06 (4.36) per...

Roger Leon new Head of Consumer Products North America

6/4/2008 8:00 AM EST
Roger Leon has been appointed new Head of business sector Consumer Products North America and member of Husqvarna Group Management, effective as of 1 July 2008. He succeeds Robert E. Cook who will retire.

Roger Leon is currently Chief Operating Officer of Husqvarna’s Consumer Products North America. He joined Electrolux in 1989 where he held several leading positions in both outdoor products and white goods,...

Magnus Yngen new President of Husqvarna

5/26/2008 2:30 AM EST
Magnus Yngen has been appointed new President and CEO of Husqvarna AB. He will take office not later than 1 October 2008, when Bengt Andersson will retire.

Magnus Yngen is currently Executive Vice-President of Electrolux and Head of the Major Appliances Europe business sector, which has annual sales of approximately SEK 45 billion. He has held several leading positions in Electrolux since he joined the Group in...

Husqvarna acquires diamond-tool operation

4/30/2008 8:30 AM EST
Husqvarna has acquired the assets and operation relating to products for the construction industry within Sandvik Nora AB (previously Hagby Asahi AB), a company within Sandvik’s Mining and Construction business area.

The acquired operation comprises production and sales of diamond tools and related machines for sawing, drilling and grinding. Annual sales amount to approximately SEK 65m. The operation is based in...

Husqvarna AB

The Husqvarna Group is the world’s largest producer of outdoor power products including chainsaws, trimmers, lawn mowers and garden tractors. The Group is also the European leader in consumer watering products and one of...

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