Husqvarna seen down as it warns of weaker Q4 results

Husqvarna AB

10/12/2024 07:57

** Shares in Husqvarna  HUSQb.ST  are seen falling between
4.5% and 10% after the Swedish gardening equipment and tools
maker warned of weaker Q4 results due to challenging market
conditions and unfavourable product mix
    ** "While an organic sales decline of -5% year-on-year was
in line with consensus, the loss is about twice as large as
expected, impacting 2024 EBIT by -12%," said Kepler Cheuvreux
via Swedbank Aktiellt equity research service
    ** Husqvarna says its sales were also impacted by retail
partners and servicing dealers focused on reducing their
inventory levels, resulting in lower production volumes
    ** "We see a slow recovery of margins going forward and are
60 basis points below the current consensus for 2025 margins,"
Kepler says 

 (Reporting by Jesus Calero)
 ((Jesus.calero@thomsonreuters.com))