Persistent Challenging Market Conditions Impacts Husqvarna Group’s Financial Performance In The Fourth Quarter

By Julius Ewudo, ASEAN Region Representative

Continued market conditions with intensified promotional activities, particularly in North America, and an unfavorable product mix, continue to have an impact on the Group’s sales and operating result in the fourth quarter, Cyber Era NG learns.

 In addition, we gather that retail partners and servicing dealers are focusing on reducing their inventory levels resulting in reduced production volumes and lower capacity utilization.

As a result, the Group estimates the organic sales for the fourth quarter to decline by –5 per cent compared to the previous year with an operating income of approximately SEK –700m to –800m (excluding items affecting comparability).

“I am disappointed in our continued negative development in the fourth quarter. We continue to execute on our previously announced cost-saving initiatives and prepare for the 2025 gardening season with strong product launches”, says CEO Husqvarna Group Pavel Hajman.

The report for the fourth quarter 2024 will be published on February 5, 2025.