Sweden's Husqvarna sees decline in third quarter organic sales

Husqvarna AB

10/09/2024 22:07

Sept 10 (Reuters) - Sweden's Husqvarna  HUSQb.ST  said
on Tuesday it expects a 5% decline in its third quarter organic
sales due to restrained consumer spending. 
    The garden equipment and tools maker saw a slump of 9% in
last quarter sales and has now accelerated its cost savings
programs.
    The company benefited from the home improvements trend
during the pandemic, but saw demand softening last year, as high
inflation took a toll on consumer spending.
    

 (Reporting by Urvi Dugar
Editing by Chris Reese)
 ((UrviManoj.Dugar@thomsonreuters.com;))