Husqvarna AB (publ) (HUSQ_B) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone and welcome to the presentation of Husqvarna Group's report for the second 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 Hajman and our CFO Terry Burke. Pavel and Terry will present the report and then afterwards we will open up for a Q&A session. In the Q&A session, you can either use the telephone conference or you can enter your questions through the web interface. So with that, once again, welcome and I'll leave it over to you Pavel. Thank you Johan and of course a warm welcome from my side as well. I need to press here. So let us start with the latest news as per our press release from yesterday evening. The board of directors has appointed Glenn Inston as the new CEO, effective August 11th. I'm very glad to hand over the baton to Glenn. He's a great leader with long experience in Husqvarna. I wish him of course all the best for the new role. And Glenn will of course then present himself on the upcoming quarter three report. I am also very glad and proud to announce that we close the second quarter, which is our biggest quarter for the year, on a positive note. We delivered a good organic growth for the group and improved EBIT as well as improved EBIT margin across all three divisions. And two areas of strong performance this quarter were robotic mowers and watering products. Our consistent focus on innovation, -to-market execution and delivering premium products under both Husqvarna and Gardena brands is clearly delivering strong results. Additionally, we continue to deliver on our cost saving measures. We focus on cash flow and we have further reduced our net debt. At the same time, we're making good progress on our sustainabil...