Finance
Sweden's Husqvarna warns of weaker sales, operating loss in Q4
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
Husqvarna forecasts a 5% sales decline in Q4, leading to an operating loss due to tough market conditions, especially in North America.
COPENHAGEN (Reuters) - Husqvarna expects its organic sales for the fourth quarter to decline year-on-year due to challenging market conditions, particularly in North America, as well as an unfavourable product mix, the Swedish group said late on Monday.
Husqvarna now expects organic sales in the quarter to fall by 5% from a year ago, resulting in an operating loss of between 700 million and 800 million Swedish crowns ($64.2 million-$73.4 million), the garden equipment and tools maker said.
"I am disappointed in our continued negative development in the fourth quarter," CEO Pavel Hajman said in a statement.
"We continue to execute on our previously announced cost-saving initiatives and prepare for the 2025 gardening season with strong product launches," he added.
Husqvarna said its sales were also impacted by retail partners and servicing dealers focused on reducing their inventory levels, resulting in lower production volumes.
($1 = 10.9048 Swedish crowns)
(Reporting by Louise Breusch Rasmussen, editing by Terje Solsvik)
The article discusses Husqvarna's expected sales decline and operating loss in Q4 due to challenging market conditions.
Husqvarna's sales decline is attributed to challenging market conditions, particularly in North America, and an unfavorable product mix.
Husqvarna is executing cost-saving initiatives and preparing for future product launches to mitigate the impact of the sales decline.
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