Finance
Swedish Garden Gear Maker Husqvarna's Quarterly Profit Beats Expectations
Published by Global Banking & Finance Review®
Posted on April 23, 2026
1 min readLast updated: April 23, 2026
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Husqvarna delivered a stronger-than-expected Q1 2026 operating profit of SEK 1.71 billion (≈ $185 million), outperforming analyst estimates (SEK 1.42 billion) thanks to robust volumes, improved product mix, and cost efficiencies, which help cushion the impact of tariffs.
Husqvarna's Q1 Profit Surpasses Forecasts with Strong Garden Gear Demand
Husqvarna Reports Robust First-Quarter Earnings
Financial Performance Overview
April 23 (Reuters) - Sweden's Husqvarna, which makes garden equipment and tools, reported bigger-than-expected first-quarter operating earnings on Thursday, boosted by higher volumes, a positive product mix and lower costs that helped offset higher tariffs.
EBIT Results and Analyst Expectations
Husqvarna's earnings before interest and tax (EBIT) came in at 1.71 billion Swedish crowns ($185.09 million) in the quarter, beating analysts' average forecast of 1.42 billion crowns, according to data compiled by LSEG.
Main Sell-In Period and Market Outlook
The first quarter is Husqvarna's main sell-in period, when products are shipped to retailers before spring, but attention is already turning to how products will sell through in the second quarter.
CEO Statement on Performance and Outlook
"While geopolitical developments increased uncertainty, we had good sell-in to our channel partners, and our new product launches supported a positive start to the year," CEO Glen Instone said in a statement.
Additional Information
($1 = 9.2387 Swedish crowns)
(Reporting by Jesus Calero and Alexander Klyve Gudbrandsen; Editing by Mrigank Dhaniwala)
Key Takeaways
- •Husqvarna’s Q1 2026 EBIT of SEK 1.71 billion topped the LSEG analyst consensus of SEK 1.42 billion, driven by volume growth, a favorable product mix, and lower costs that offset tariff pressures (tradingview.com).
- •CEO Glen Instone highlighted strong sell‑in during the key spring season and successful new product launches as key contributors to the quarter’s outperformance (longbridge.com).
- •Husqvarna continues to adapt to trade tensions—ceo Instone noted tariffs are now part of doing business; the company is responding with price increases and supply‑chain adjustments, including cost‑out programs and innovation in robotic mowers and smart irrigation systems (longbridge.com).
References
Frequently Asked Questions about Swedish garden gear maker Husqvarna's quarterly profit beats expectations
1What was Husqvarna's operating earnings in the first quarter?
Husqvarna reported a first-quarter operating earnings (EBIT) of 1.71 billion Swedish crowns.
2How did Husqvarna's Q1 profit compare to analyst expectations?
Husqvarna's Q1 profit of 1.71 billion crowns exceeded analysts' average forecast of 1.42 billion crowns.
3What factors contributed to Husqvarna's strong quarterly results?
Higher sales volumes, a positive product mix, and lower costs contributed to Husqvarna's strong results, which offset higher tariffs.
4When is the main sell-in period for Husqvarna?
The first quarter is Husqvarna's main sell-in period, when products are shipped to retailers before spring.
5Who is the CEO of Husqvarna?
Glen Instone is the CEO of Husqvarna.
