Releases - Husqvarna AB

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2009

 

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Boel Sundvall image
 

New Head of Communications at Husqvarna

12/22/2009 4:00 AM EST
Boel Sundvall has been appointed Senior Vice President, Corporate Communications and Investor Relations. She will report to President and CEO Magnus Yngen and be a member of Group Management.

Boel Sundvall will assume her new position as of March 8, 2010. She succeeds Åsa Stenqvist, who is retiring in accordance with the terms of employment for Husqvarna Group Management.

Boel Sundvall is currently a partner at...
Thomas Andersson image
 

New Head of Supply Chain

11/2/2009 3:00 AM EST
Thomas Andersson has been appointed Executive Vice-President of Husqvarna AB and Head of the Group’s supply-chain organization. He will report to President and CEO Magnus Yngen, and will be a member of Group Management.

The supply-chain organization comprises the Group’s production, purchasing and logistics.

Thomas Andersson is currently Senior Vice President and Head of Volvo Powertrain Sweden. Volvo Powertrain...

Dates for financial reports from Husqvarna in 2010

10/26/2009 6:00 AM EST
February 24 Consolidated Results for 2009 April 27 Interim report for January-March (date of Annual General Meeting) July 20 Interim report for January-June October 22 Interim report for January-September

Interim report January - September 2009

10/23/2009 3:00 AM EST
Magnus Yngen, President and CEO:
“Market demand in the quarter was substantially weaker than in the previous year in all product areas. Adjusted for changes in exchange rates and acquisitions, Group sales declined by 11% and operating income by 11% exclusive of the restructuring charge. The decline in income resulted mainly from lower volumes and a less favorable product and country mix. Lower material costs...

Restructuring for improved competitiveness

10/23/2009 3:00 AM EST
Husqvarna intends to implement a number of structural changes in order to reduce costs and improve the Group’s competitiveness. The measures are aimed at eliminating overlap and duplication within production and administration, and involve consolidation of production in Sweden and the US, and of the sales organization in Europe and Asia/Pacific.

The changes are scheduled to be implemented in 2009-2010 and will...
Picture of Michael Jones
 

New President of North and Latin America

9/9/2009 2:00 AM EST
Michael Jones has been appointed head of Sales and Service in North and Latin America. He will report to President and CEO Magnus Yngen, and will be a member of Group Management.

Michael Jones is currently General Manager, Cooking Products, within the Appliances division of General Electric in the US. He has a B.A. in Business Administration and has held various leadership positions within General Electric in...
Automower®
 

Over 100,000 robotic mowers sold

8/26/2009 5:25 AM EST
The market for domestic robots is accelerating. This August, Husqvarna Automower®, the world’s first robotic lawn mower, counts 100,000 units sold since 1995.
“Reaching the level of 100,000 Husqvarna Automower® units sold is a milestone for innovative gardening equipment and truly user-friendly domestic robots,” says Magnus Yngen, President and CEO of Husqvarna Group.

Automower®, now sold in 30 countries, is a...

Interim report January – June 2009

7/17/2009 2:00 AM EST
Magnus Yngen, President and CEO:
“Market demand in the second quarter was substantially lower than in the previous year in all product areas. Group sales declined by 7%, adjusted for changes in exchange rates and acquisitions. Despite the difficult environment, sales for Consumer Products in North America increased, for the third consecutive quarter. Sales in Europe to the mass-market channels also rose from the...

New organization and changes in Group management

6/17/2009 1:15 PM EST
The Husqvarna Group will implement a new organization as of year-end 2009. The new organization will be implemented gradually as of 1 July 2009.

Instead of the current six business sectors, the new organization will comprise five operative units, i.e. Supply Chain, Products & Marketing, Sales and Service in Europe and Asia/Pacific, Sales and Service in North and Latin America, and Construction Products (see...

Interim report January – March 2009

5/8/2009 5:15 AM EST
Magnus Yngen, President and CEO:
“Market conditions were generally weaker than in the first quarter of 2008. Retailers were more cautious about building up inventories for the garden season.
Group sales declined by 9%, adjusted for changes in exchange rates and acquisitions, and as compared
to a strong quarter in 2008. Apart from lower sales and production volumes, operating income was negatively affected by a...

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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