Garden gear maker Husqvarna posts wider fourth quarter loss (updated)

Husqvarna AB

02/02/2024 06:17

(Adds CEO quote in paragraph 2, results and background from
paragraph 3)
       Feb 2 (Reuters) - Swedish garden equipment maker
Husqvarna  HUSQb.ST  posted a wider operating loss for the
fourth quarter on Friday and said low demand persisted through
the quarter.
    "The fourth quarter was characterized by a continuous
challenging market situation with lower demand," said CEO Pavel
Hajman in an earnings statement.
    The company's operating loss adjusted for items affecting
comparability, mainly restructuring costs, widened to 168
million Swedish crowns ($16.18 million) in the quarter, from a
loss of 13 million crowns a year ago. 
        The fourth quarter is seasonally a weak period for
Husqvarna as the gardening season ends in Europe and North
America, where the company's sales are concentrated. 
  

($1 = 10.3847 Swedish crowns)

 (Reporting by Greta Rosen Fondahn; Editing by Christopher
Cushing and Christian Schmollinger)
 ((Greta.RosenFondahn@thomsonreuters.com))