Husqvarna AB (publ) (HUSQ_B) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to the presentation of Husqvarna Group's report for the first quarter of 2025. My name is Johan Andersson, responsible for investor relations and will be the moderator here today. With me here in Stockholm, I have our CEO, Pavel Heyman, and our CFO, Terry Burke, that will present the report and afterwards we will open up for a Q&A session. You can ask your questions either over the telephone or you can enter them in the web interface and we will read them out here in the setting. So with that, thank you very much. And I will hand over to you, Pavel. Thank you, Johan. And also, of course, a warm welcome from my side as well. You know what? I'd like to start, of course, with the press release that we issued in parallel with our report, where it is announced that I will be stepping down as CEO for the group here by the end of the year. It is so that I have the joy actually of turning 60 very soon in a couple of weeks. And I think that the long term perspective for the group is very important and also to have a long term view on the management. We are now in the end of the current strategy period, which has been due for five years. And we are in the works of actually developing a new strategy for the coming five year period, five year plus period. growth position however group net sales declined by one percent organically yes mainly related to the continuing challenge market conditions that we see now in north america for all three divisions and we also have a decline in the watering and in the construction segments The group operating income amounted to close to 1.6 billion Swedish crowns. This is some 400 million less than last year. And this decline compared with last year is really due to the currency effect, due to the price, and also due ...