Sweden's Husqvarna Q1 sales and EBIT beat expectations

Husqvarna AB

23/04/2026 06:17

Overview

Sweden outdoor equipment maker's Q1 sales and EBIT beat analyst expectations

Organic sales grew 2% as currency headwinds weighed on reported revenue

Company cites higher volumes, product mix and cost savings as drivers of earnings growth

Outlook

Company says uncertainty remains due to ongoing and recent geopolitical developments

Husqvarna says it is taking targeted actions to mitigate continued cost pressures

Company remains confident in its product lineup and execution plans for 2026

Result Drivers

HIGHER VOLUMES AND PRODUCT MIX - Co said improved results were driven by higher sales volumes and a positive product mix

COST SAVINGS - Co said cost savings initiatives delivered approximately SEK 245m in quarterly savings, helping offset cost pressures

PRODUCT INNOVATION - New product launches, including enhanced robotic mowers and Gardena watering products, supported performance

Company press release: ID:nWkrb8kfV0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
SEK 13.96 bln
SEK 13.66 bln (4 Analysts)
Q1 Adjusted EPS
SEK 2.06
Q1 EPS
SEK 2.05
Q1 EBIT
Beat
SEK 1.71 bln
SEK 1.42 bln (4 Analysts)
Q1 Adjusted EBIT
SEK 1.72 bln
Q1 EBIT Margin
12.30%
Q1 Organic Growth
2.00%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the appliances, tools & housewares peer group is "buy"

Wall Street's median 12-month price target for Husqvarna AB is SEK43.00, about 8.2% above its April 22 closing price of SEK39.73

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)