Brief: Husqvarna Q3 EBIT Loss At SEK 334 Mln

Husqvarna AB

Wed 06:07

Oct 21 (Reuters) - Husqvarna AB HUSQb.ST:
Q3 EBIT MARGIN -3.7%
Q3 ADJUSTED EPS SEK -0.58
Q3 SALES SEK 9,012 MILLION VERSUS. IBES ESTIMATE SEK 9,033 MILLION
Q3 EPS SEK -0.7
Q3 EBIT SEK -334 MILLION
Q3 ADJUSTED EBIT SEK -246 MILLION
COST SAVINGS PROGRAM REMAINS ON TRACK
LOWER VOLUMES, INVENTORY REDUCTIONS AND COST HEADWINDS CONTINUE TO WEIGH ON PROFITABILITY
WE ARE RESPONDING WITH TARGETED PRICE INCREASES, SUPPLY CHAIN ACTIONS AND PRODUCT COST OPTIMIZATION
NEAR-TERM HEADWINDS ARE EXPECTED TO REMAIN
Source text: ID:nWkr5GqTwP
Further company coverage: HUSQb.ST

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