Q2 2025 Husqvarna AB Earnings Call Transcript
Key Points
- Husqvarna AB (HSQVY) reported a 5% organic growth in net sales for the second quarter of 2025, driven by strong performance in the Forest and Garden and Gardena divisions.
- The company achieved a 7% increase in group operating income, with an improved EBIT margin across all three divisions.
- Robotic mowers and watering products showed strong performance, contributing significantly to the company's growth.
- Husqvarna AB (HSQVY) successfully reduced its net debt by SEK3.3 billion compared to the same period last year.
- The company made significant progress on its sustainability agenda, achieving two out of three sustainable targets, including a 55% reduction in CO2 emissions.
- The macroeconomic environment remains uncertain, with ongoing trade tariffs, geopolitical instability, and currency fluctuations impacting the company.
- North America continues to be a challenging market, with lower sales and operating income across all three divisions.
- The company faced a negative currency effect of SEK125 million and a negative price impact of SEK160 million in the quarter.
- The Construction division experienced a 4% decline in organic sales, primarily due to weak market conditions in North America.
- Despite strong growth in the robotic segment, the company faced intense competition and aggressive pricing, particularly in the entry-level segment.
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. (Event Instructions)
So with that, once again, welcome and I'll leave over to you Pavel.
Thank you, Johan and of course a warm welcome from my side as well. -- So, let us start with the latest news, as per our press release from yesterday evening and the Board of Directors has appointed Glen Instone as the new CEO effective August 11.
And I'm very glad to hand over the baton to Glenn. He's a great leader with long experience in Husqvarna, and I wish him, of course, all the best for the new role. And Glen will of
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