Husqvarna Ab Class A · OMXSTO:HUSQ_A
Husqvarna Ab Class A — Q1 2023 Earnings Presentation
15 slides from Husqvarna Ab Class A's earnings presentation, Apr 20, 2023
Slide 1: Q1 Results – April 20, 2023
Q1 Results – April 20, 2023 Pavel Hajman, Acting CEO Terry Burke, CFO
Slide 2: Solid start to the year
Solid start to the year • Record first quarter EBIT* • Strong growth for robotic mowers, battery- powered and wheeled products, enabling channel partners • Improved cash flow - lower inventories • Good progress on strategic transformation • Uncertain macroeconomic environment and consumer demand rem
Slide 3: Strong growth for robotic mowers
Strong growth for robotic mowers • Strong growth for robotic SEK mowers, battery-powered and • Price increase carry-over wheeled products NET SALES • Lower volumes • Gardena impacted by OPERATING INCOME SEK 17,167m (15,685) continued cautious approach • Limited positive currency ORGANIC GROWTH to in
Slide 4: Building a stronger Husqvarna Group
Building a stronger Husqvarna Group *Operating income excluding items affecting comparability
Slide 5: Husqvarna Forest & Garden Division
Husqvarna Forest & Garden Division Q1: organic sales growth 14%; operating margin * 15.9% • Strong growth for robotic mowers, both pro (CEORA) and residential • Good performance for battery products and wheeled • Increased operating margin – price increases, favorable product mix and volume • Negati
Slide 6: Gardena Division
Gardena Division Q1: organic sales growth * -20%; operating margin 13.5% • Continued cautious approach to increase stock levels among our retail partners • Lower volumes impacting operating income, partly offset by positive price effect and good cost control • Positive currency effect SEK 30m on ope
Slide 7: Husqvarna Construction Division
Husqvarna Construction Division Q1: organic sales flat * operating margin 13.3% • Good growth in North America • Strong performance for Concrete Surface & Floors Segment • Operating result driven by price increases and cost efficiency • Positive currency effect of SEK 50m on operating income Note: O
Slide 8: Q1 2023 EBIT bridge (excl. IAC)
Q1 2023 EBIT bridge (excl. IAC) +220m +10% +80 -115 2,410 +40 (14.0% margin) -75 +290 2,190 (14.0% margin) Q1 2022 Price / volume / Cost savings Raw materials Transformational Currency Q1 2023 mix / other & logistics initiatives Note: Numbers are rounded to nearest 5 or 0.
Slide 9: Consolidated balance sheet
Consolidated balance sheet • Solid financial position SEKm Mar 31, 2023 Mar 31, 2022 • Net debt reduction since year-end Non-current assets 31 228 28 895 Inventories 18 670 15 192 • Lower inventory levels since year-end Trade receivables 10 355 8 522 – Lower levels of components Other current assets
Slide 10: Improved cash flow compared to last year
Improved cash flow compared to last year Direct operating cash flow
Slide 11: Net debt / EBITDA
Net debt / EBITDA Average net debt / rolling 12 months EBITDA, excl. items affecting comparability
Slide 12: Good progress towards Sustainovate 2025 targets
Good progress towards Sustainovate 2025 targets CARBON CIRCULAR PEOPLE Reduce absolute CO2 Launch 50 new Empower 5 million emissions by -35% circular innovations people to make sustainable choices Status Q1 2023: Status Q1 2023: Status Q1 2023: -33% 15 1,0m
Slide 13: Taking robotics to next level
Taking robotics to next level Husqvarna Husqvarna main sponsor Automower® of international NERA now golf available tournament Gardena Professional Smart System solution now supports contracts BYT BILD Google Home growth 13
Slide 14: Solid start to the year
Solid start to the year • Record first quarter EBIT* • Strong growth for robotic mowers, battery- powered and wheeled products, enabling channel partners • Improved cash flow - lower inventories • Good progress on strategic transformation • Uncertain macroeconomic environment and consumer demand rem
Slide 15: www.husqvarnagroup.com
Husqvarna Group www.husqvarnagroup.com