Husqvarna slides after Q4 report, analyst says it's too early to see improvement

Husqvarna AB

05/02/2025 11:22

Feb 5 (Reuters) -    ** Shares in Husqvarna  HUSQb.ST 
fall 7% after the Swedish garden equipment and tools maker
posted its final quarterly figures and proposed a lower dividend
payout
    ** The report was roughly in line with preliminary numbers 
from its recent profit warning, Jefferies says 
    ** The brokerage notes the profitability decline was due to
lower volumes, higher promo activities, reduced production
capacity utilization, and a negative product mix
    ** Kepler Cheuvreux points out that although some numbers
came in better than expected, it is too early to see any
improvement
        ** In a note posted on Swedbank Aktiellt service, Kepler
 says that the proposal of dividend reduced to SEK 1 per share
was well below expectations of SEK 2.53
  
    ** The stock is amongst the biggest fallers on the
pan-European STOXX 600 index  .STOXX  and on track for its worst
day since July 2024, if losses hold

 (Reporting by Tomasz Kanik)
 ((Tomasz.Kanik@thomsonreuters.com))