Husqvarna Ab Class A · OMXSTO:HUSQ_A
Husqvarna Ab Class A — Q1 2025 Earnings Presentation
16 slides from Husqvarna Ab Class A's earnings presentation, Apr 24, 2025
Slide 1: Q1 Results – April 24, 2025
Q1 Results – April 24, 2025 Pavel Hajman, CEO Terry Burke, CFO
Slide 2: Strong growth for robotic mowers
Strong growth for robotic mowers • 16% growth for robotic mowers, driven by both the professional and residential segments. Growth for Husqvarna F&G Division • Overall challenging market conditions with unprecedented uncertainty regarding trade tariffs and geopolitical situation • Reduced EBIT in Q1
Slide 3: Growth in Q1 for Husqvarna Forest & Garden Division
Growth in Q1 for Husqvarna Forest & Garden Division • Strong growth in robotics and SEK handheld products • Weak performance in North • Organic growth in the America, impact from currency NET SALES Husqvarna Forest & Garden effects and lower price Division OPERATING INCOME SEK 14,704m (14,719) • Del
Slide 4: Husqvarna Forest & Garden Division
Husqvarna Forest & Garden Division Q1: Organic growth 6%; operating margin at 13.0% • Strong growth for robotic mowers both residential and professional segments • Good development in handheld products • Challenging situation with significantly lower result in North America • Negative effects from c
Slide 5: Gardena Division
Gardena Division Q1: Organic sales declined 9%; operating margin at 11.1% • Growth for robotic mowers, driven by the launch of new boundary wire- free models • Watering business decreased - cautious retail partners • Negative volume and mix impacting profitability, partly offset by cost savings LTM:
Slide 6: Husqvarna Construction Division
Husqvarna Construction Division Q1: Organic sales declined 8%; operating margin at 7.3% • Sales growth in Europe • Weak market and lower sales in North America • Growth for dust extractors and solid performance for aftermarket business • Lower volumes and capacity utilization impacting profitability
Slide 7: Q1 EBIT bridge (excl. IAC)
Q1 EBIT bridge (excl. IAC) -369m -19% 1,930 (13.1% margin) -255 -30 -140 1,561 -150 +210 (10.6% margin) Q1 2024 Volume / Price Cost savings Transformational Currency/tariffs Q1 2025 mix / other initiatives Note: Numbers are rounded to nearest 5 or 0.
Slide 8: Short-term measures for profitability improvement
Short-term measures for profitability improvement Cost savings – further Consolidation and SEK 400m expected from increased efficiency in current programs production Simplified and more Increased investments in focused product offering service and aftermarket Expansion in retail for the Price increa
Slide 9: Trade tariff update
Trade tariff update • Closely monitoring the evolving and uncertain situation, which will influence customer demand and the Groups financial results • Approximately 2/3 of Group sales in the U.S. are imported • Strategic product categories include professional handheld, floor saws and watering produ
Slide 10: Consolidated balance sheet
Consolidated balance sheet • Solid financial position SEKm Mar 31, 2025 Mar 31, 2024 Non-current assets 30 055 31 675 Inventories 13 024 17 094 • Inventory reduction of SEK 3.2bn Trade receivables 10 806 11 302 Other current assets 3 644 2 374 (fx adjusted, compared to last year) • Lower borrowings
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 2025 2024 -1 212 2023 ai a2 Q3 a4
Slide 13: Highlights from the Group in Q1
Highlights from the Group in Q1 13
Slide 14: Good progress on our Sustainovate 2025 targets
Good progress on our 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 2025: Status Q1 2025: Status Q1 2025: -56% 40 4.6m
Slide 15: Strong growth for robotic mowers
Strong growth for robotic mowers • 16% growth for robotic mowers, driven by both the professional and residential segments. Growth for Husqvarna F&G Division • Overall challenging market conditions with unprecedented uncertainty regarding trade tariffs and geopolitical situation • Reduced EBIT in Q1
Slide 16: www.husqvarnagroup.com
Husqvarna Group www.husqvarnagroup.com