Husqvarna Group

Husqvarna Group

Husqvarna, which was founded as early as 1689, is a world-leading manufacturer of innovative products and solutions for the upkeep of forests, parks and gardens. With a passion for innovation, Husqvarna creates products and services for consumers and professional users around the world. The product range includes robotic lawnmowers, ride-on mowers, chainsaws and trimmers. The Group is also the European market leader in garden irrigation and a global leader in cutting tools and surface treatment equipment for the construction industry. 

Husqvarna Group consists of three divisions. Husqvarna Forest & Garden focuses on products and solutions for green spaces for both consumers and professional users, Gardena on consumer gardening products, and Husqvarna Construction on professional users with equipment, service and support for the construction industry.

The Group has a broad and global distribution network, a competitive product portfolio and high technological expertise. The focus is on premium products and solutions under strong brands, which are primarily sold through specialist and retail channels. The Group has exposure to rapidly growing segments such as battery-powered products, robotic lawnmowers, digitalization and other garden automation solutions.   

Sustainability

During the year, Husqvarna updated its sustainability targets extending to 2030. The company aims to reduce carbon dioxide emissions by 60% compared with the 2015 base year, and circular offerings are to account for 25% of net sales.

Financial objectives

The Group has updated its financial targets. Sales are to increase organically by 3-5% annually over a business cycle. The operating margin is to exceed 10%, excluding items affecting comparability, over a business cycle. Return on capital employed, excluding items affecting comparability, is to be 15% over a business cycle. The company reiterates its dividend policy of distributing 40% of net income for the period.