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HUSQ B Husqvarna AB News Story

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Brief: Husqvarna Announces New Financial Targets For 2030

Dec 10 (Reuters) - Husqvarna AB HUSQb.ST:

ANNOUNCES NEW FINANCIAL TARGETS FOR 2030

SETS NEW SUSTAINABILITY TARGETS FOR 2030

IMPLEMENTS COST-OUT PROGRAM FOR 2026-2030

TO INCUR SEK 1.5 BILLION NON-RECURRING COSTS

NEW FINANCIAL TARGETS: AVERAGE ANNUAL ORGANIC SALES GROWTH OF 3-5% OVER A BUSINESS CYCLE

OPERATING MARGIN OF >10% OVER A BUSINESS CYCLE

TARGETS RETURN ON CAPITAL EMPLOYED (ROCE) OF 15% OVER A BUSINESS CYCLE

GROUP IS REITERATING ITS DIVIDEND POLICY OF 40% OF NET INCOME

INITIATIVES EXPECTED TO RESULT IN ANNUAL RUN-RATE SAVINGS OF SEK 4 BILLION BY END OF 2030, WITH TOTAL OF SEK 1.5 BILLION IN NON-RECURRING COSTS IMPACTING REPORTED OPERATING INCOME (EBIT) OVER FULL PERIOD

ASSOCIATED SAVINGS AND COSTS EXPECTED TO BE RELATED TO SUPPLY CHAIN, PRODUCT PLATFORM, AND ORGANIZATIONAL EFFICIENCY MEASURES

Source text: ID:nWkr4VrN32

Further company coverage: [HUSQb.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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