Slide 1: Q2 Results – July 18, 2025
Q2 Results – July 18, 2025 Pavel Hajman, CEO Terry Burke, CFO
Slide 2: Glen Instone appointed new CEO of Husqvarna Group
Glen Instone appointed new CEO of Husqvarna Group Effective August 11, 2025 2
Slide 3: Good growth with improved profitability
Good growth with improved profitability • Good organic growth. Higher EBIT in all divisions • Innovation leadership reinforced. Well received product launches • Double digit growth in watering and robotic mowers • Delivery on cost savings. Reduced net debt • Successfully reached 2 out of 3 Sustainov
Slide 4: Good growth and higher EBIT in Q2
Good growth and higher EBIT in Q2 • Organic growth in the SEK Husqvarna Forest & Garden and • Higher volumes and favorable Gardena divisions product mix effects NET SALES • Strong growth in robotics and • Delivering on cost savings watering product categories OPERATING INCOME programs SEK 15,277m (1
Slide 5: Husqvarna Forest & Garden Division
Husqvarna Forest & Garden Division Q2: Organic growth 5%; operating margin at 13.3% • Strong growth for robotic mowers • Good development in handheld and battery-powered products • Challenging situation with significantly lower result in North America • Negative effects from currency and from lower
Slide 6: Gardena Division
Gardena Division Q2: Organic growth 7%; operating margin at 17.5% • Strong growth for the watering business, good demand in the gardening season • Growth for robotic mowers, driven by the launch of new boundary wire- free models • EBIT grew 18% driven by strong volume growth, product mix and deliver
Slide 7: Husqvarna Construction Division
Husqvarna Construction Division Q2: Organic sales declined 4%; operating margin at 12.7% • Stable development in Europe • Weak market and lower sales in North America • Growth for demolition robots, dust extractors and aftermarket sales • Increased EBIT driven by mix, cost savings and operational ef
Slide 8: Q2 EBIT bridge (excl. IAC)
Q2 EBIT bridge (excl. IAC) +135m +7% -40 2,041 1,906 -160 +225 -190 (13.4% margin) (12.4% margin) +300 Q2 2024 Volume / Price Cost savings Transformational Currency/tariffs Q2 2025 mix / other initiatives Note: Numbers are rounded to nearest 5 or 0.
Slide 9: H1 EBIT bridge (excl. IAC)
H1 EBIT bridge (excl. IAC) -235m -6% 3,837 (12.7% margin) +20 +435 -70 -330 3,602 -290 (12.0% margin) H1 2024 Volume / Price Cost savings Transformational Currency/tariffs H1 2025 mix / other initiatives Note: Numbers are rounded to nearest 5 or 0.
Slide 10: Consolidated balance sheet
Consolidated balance sheet SEKm June 30, 2025 June 30, 2024 • Solid financial position Non-current assets 29 613 31 262 Inventories 11 954 14 720 • Inventory reduction of SEK 2.8bn Trade receivables 10 683 10 519 (compared to last year) Other current assets 2 690 1 922 Cash and cash equivalents 3 47
Slide 11: Net debt / EBITDA (R12)
Net debt / EBITDA (R12) Note: average net debt / rolling 12 months EBITDA, excl. items affecting comparability
Slide 12: Direct operating cash flow
Direct operating cash flow SEKm 8 000 7 000 6 000 5 000 4000 3000 2000 1000 —==2025 ——2024 1145 2023 Qi Q3 Q4
Slide 13: Prioritized areas for sustainable value creation
Prioritized areas for sustainable value creation Robotic mowers Battery-powered Professional Watering products solutions
Slide 14: Progress on our operational ambitions
Progress on our operational ambitions Sales of robotic mowers Share of electrified solutions SEK bn % 7.8 50 ~ 46% 8 40 6 30 4 20 2 10 0 0 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 LTM Share of sales to professional users Number of connec
Slide 15: Robotic mowers grew 14% in H1 2025
Robotic mowers grew 14% in H1 2025 Share of robotic mower sales (SEK 7,8bn LTM) Growth in H1 ~15% The professional segment ~70% Premium / mid-range segment ~15% Entry segment
Slide 16: Highlights from the Group in Q2
Highlights from the Group in Q2 Strong Watering at record partnerships levels accelerate the business Expanding sales New AirCleaners channels on key for construction markets site safety and efficiency
Slide 17: Two out of our three Sustainovate targets reached
Two out of our three Sustainovate targets reached CARBON CIRCULAR PEOPLE Reduce absolute CO2 Launch 50 new Empower 5 million emissions by 35% circular innovations people to make sustainable choices Status Q2 2025: Status Q2 2025: Status Q2 2025: -55% 41 5.2m
Slide 18: Good growth with improved profitability
Good growth with improved profitability • Good organic growth. Higher EBIT in all divisions • Innovation leadership reinforced. Well received product launches • Double digit growth in watering and robotic mowers • Delivery on cost savings. Reduced net debt • Successfully reached 2 out of 3 Sustainov
Slide 19: www.husqvarnagroup.com
Husqvarna Group www.husqvarnagroup.com