Q2 2026 Husqvarna AB Earnings Call Transcript
Key Points
- Husqvarna AB (HSQVY) achieved strong growth in North America, with all three divisions showing improvement in the second quarter.
- The company successfully implemented cost savings programs, achieving SEK385 million in savings during Q2, contributing to a total of SEK630 million year-to-date.
- Husqvarna AB (HSQVY) finalized the recruitment of four new group management members, including a new Chief Procurement Officer, to drive strategic sourcing and supplier strategy.
- The Construction Division experienced a positive 5% sales growth, with strong performance in the sawing and drilling business portfolio unit and record aftermarket sales.
- The company's science-based targets for reducing carbon emissions by 60% have been validated, supporting its commitment to sustainability and carbon reduction efforts.
- Husqvarna AB (HSQVY) faced a 4% organic decline in sales during the second quarter, impacted by geopolitical uncertainties and weaker consumer sentiment.
- The Gardena Division saw an 11% decline in sales, attributed to weaker consumer sentiment and unfavorable weather conditions affecting replenishment cycles.
- The company experienced significant inflationary pressures from raw materials and logistics, exacerbated by the Middle East crisis, impacting costs.
- There was a negative impact on gross margins due to lower volumes, unfavorable geographical and product mix, and currency headwinds.
- Inventory levels were higher than desired, particularly in Germany and the US, due to weaker sales demand during Q2.
Good morning, everyone, and welcome to the presentation of the second quarter results of 2026 for Husqvarna Group. My name is Emelie Alm, and I am Head of Investor Relations. I'm joined here today by our CEO, Glen Instone; and also our CFO, Terry Burke. So Terry and Glen will go through the presentation, and we will then have a Q&A session.
So with that, I would like to hand over to you, Glen.
Thank you, Emelie. Good morning all, and a warm welcome from my side, and welcome to our Q2 report. So let's jump straight in. So following a very strong start to the year with a strong sell-in to our trade partners and very successful product launches, Q2 has been somewhat difficult. That's been really geopolitical uncertainties and a weaker consumer sentiment has certainly weighed on consumer demand.
And we also had a somewhat unfavorable weather conditions really impacting the first half of the quarter, the first six weeks
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
