Husqvarna rises on Q1 EBIT beat, lower costs offsetting tariffs

Husqvarna AB

23/04/2026 08:08

** Shares in Husqvarna HUSQb.ST rise 11% after the Swedish garden gear maker posted a bigger-than-expected Q1 operating profit, boosted by higher volumes, a positive product mix and lower costs that helped offset higher tariffs

** The company's operating profit came in at 1.71 billion Swedish crowns ($185.09 million) in the quarter, beating analysts' average forecast of 1.42 billion crowns

** "Performance was driven by robust demand for robotic lawn mowers across both consumer and professional segments, alongside Gardena watering products in Europe," Jefferies said

** Management said the company's cost savings plan was running ahead of plan, while pointing to solid sell-in to channel partners at the start of the year

** Shares are on track for a best day since January 2023, if gains hold

 (Reporting by Jesus Calero)

 ((jesus.calero@thomsonreuters.com))