Husqvarna AB (publ) (HUSQ_B) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone, and welcome to the presentation of the first quarter results 2026 for Husqvarna Group. My name is Emily Alm, and I'm joined here today by our CEO, Glenn Instone, and our CFO, Terry Burke. So, Glenn and Terry will walk you through the presentation, and then we will have a Q&A session. So, as always, you can ask your questions through the conference call, or you can write them in the web interface online. So, with that, I would like to hand over to you, Glenn. Thank you, Emily, and a warm welcome from my side. So let's jump straight into the presentation. Cue on to summarize. Off to a very solid start, despite, of course, the continued uncertain market sentiment that we see out there, particularly around geopolitical tensions. We've seen a strong growth in our core portfolio, our key strategic growth areas, and we're very pleased that our EBIT has expanded by some 10%, given the strong product mix, but also a very good start to our savings program. From a strategic execution perspective, we've got a very good 2026 ahead of us in terms of product launches, and Q1 has started very well when it comes to our product launches ahead of the season. We made a very good start around the strategic portfolio management that we launched back in December, and we'll come back to that later in the presentation. So all in all, 2% organic sales growth, EBIT expansion to just over 1.7 billion, and a 12.3% operating margin. So to highlight some of the strategic areas during the quarter. Innovation. We're very, very proud, and I'm really happy to really talk about our innovation that we're bringing to the market in Season 26. All three divisions are contributing here. Very happy to see the strong range of residential robotic lawnmowers that are coming for the small...