Brief: Husqvarna Q2 EBIT SEK 1.6 Bln
BRIEF-Husqvarna Q2 EBIT SEK 1.6 Bln July 17 (Reuters) - Husqvarna AB HUSQb.ST:
Q2 SALES SEK 14,383 MILLION VERSUS. IBES ESTIMATE SEK 14,594 MILLION
Q2 EBIT SEK 1,600 MILLION VERSUS. IBES ESTIMATE SEK 1,641 MILLION
Q2 EPS SEK 1.8
Q2 ADJUSTED EBIT SEK 1,950 MILLION
Q2 ORGANIC GROWTH -4%
Q2 ADJUSTED EPS SEK 2.27
Q2 EBIT MARGIN 11.1%
TARGETS SEK 3 BILLION IN SAVINGS BY END OF 2028
ONGOING GEOPOLITICAL UNCERTAINTY AND WEAK CONSUMER SENTIMENT CONTINUED TO WEIGH ON DEMAND
UNFAVORABLE WEATHER IN EUROPE DURING THE FIRST SIX WEEKS OF THE QUARTER FURTHER SLOWED SELL-OUT AND REPLENISHMENT
NORTH AMERICA CONTINUED ITS RECOVERY, DELIVERING SOLID GROWTH ACROSS MOST PRODUCT CATEGORIES
WHILE EXTERNAL HEADWINDS ARE EXPECTED TO PERSIST, WE REMAIN COMMITTED TO OUR TRANSFORMATION TOWARDS PROFITABLE GROWTH
Source text: ID:nWkr2fhRjd
Further company coverage: [HUSQb.ST]
(Gdansk Newsroom)
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