Husqvarna Produces Stronger First Quarter

Sales and operating income both up from last year; new products such as robotic mowers and McCulloch-branded premium consumer products helping meet increased consumer demand.

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  • Net sales increased by 12% to SEK 9,811m (8,774). Adjusted for exchange rate effects, net sales increased by 9%.
  • Strong sales performance and market share gains for Americas and Construction, stable development for Europe & Asia/Pacific.

"Husqvarna Group delivered a first quarter with higher sales and operating income for all three business areas,” said Hans Linnarson, president and CEO. “We have many new products reaching the market this year, including additional robotic mowers, upgraded riders and a new range of premium consumer products under the McCulloch brand, that have been received well by the trade. Together with operational improvements in our supply chain, we capitalized on increased demand.”

The market in the U.S. was favorable, with increased consumer spending on lawn and garden equipment. The overall U.S. economic environment developed positively and the market for outdoor products was also fuelled by an early and warm spring. Improved factory delivery performance helped the Group to a strong sales development in the first quarter, with market share gains in several areas.

For Construction, the positive development continued. Sales, operating income and margin improved, also primarily driven by a strong U.S. development.

In the U.S. market, the near-term outlook is for the stronger demand year-on-year to continue, while the demand outlook for the European market is more difficult to assess.

Customer service and delivery reliability are some of the Group's top priorities for 2012, and Linnarson is pleased to note that so far into the season, Husqvarna has improved in both. However, further efficiency improvements are needed."