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HUSQ B Husqvarna AB News Story

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Brief: Husqvarna To Discontinue Stone Diamond Tools Business

May 6 (Reuters) - Husqvarna AB HUSQb.ST:

HUSQVARNA GROUP INTENDS TO DISCONTINUE ITS NON-CORE STONE DIAMOND TOOLS BUSINESS

TO SHUT DOWN STONE DIAMOND TOOLS OPERATIONS IN BELGIUM, PORTUGAL, GREECE AND GLOBALLY

EXIT TO REDUCE NET SALES BY SEK 250 MILLION ANNUALLY, SLIGHTLY MARGIN-ACCRETIVE

FULL WITHDRAWAL EXPECTED TO BE COMPLETED BY END OF 2026

STONE DIAMOND TOOLS BUSINESS EMPLOYS ABOUT 200 PEOPLE

Source text: ID:nWkr1jtySh

Further company coverage: [HUSQb.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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