HUSQVARNA GROUP: INTERIM REPORT JANUARY - MARCH 2024
HUSQUARVA AB S/ADR (HSQVY)
NASDAQ:AMEX Investor Relations:
husqvarnagroup.com/en/ir
Company Research
Source: PR Newswire
STOCKHOLM, April 24, 2024 /PRNewswire/ -- Well positioned for the gardening seasonFirst quarter 2024 Net sales decreased by 14% to SEK 14,719m (17,167). Changes in exchange rates had a neutral effect. Planned exits of low-margin petrol-powered business impacted with -4%. Organic sales* decreased by 11%. The Gardena Division achieved an organic growth of 2%. Operating income was SEK 1,930m (2,364) and the operating margin was 13.1% (13.8). Earnings per share before dilution amounted to SEK 2.31 (2.90) and earnings per share after dilution amounted to SEK 2.31 (2.88). Cash flow from operations and investments was SEK -1,057m (588). Direct operating cash flow was SEK -1,614m (-239), impacted by the planned reduction of trade receivables financing.Husqvarna Group acquired ETwater – expanding the Gardena Division's commercial irrigation offering in North America, see page 7. Well positioned for the gardening season"As the first quarter progressed, which is a sell-in period, sales
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