Q1 16 earnings Sales reached SEK11,361m (+4%). Excluding currency effects, sales increased by 5% (vs -3% in Q1 15) thanks to organic growth in all divisions (Husqvarna: +4%, Gardena: +17%, Consumer Brands: +2%, Construction: +6%). The gross margin improved to 27.8% of sales (+0.6pts). The operating income was SEK1,166m (+5%, +6% excluding currency effects) and corresponded to a margin rate of 10.3% of sales (+0.1pt) despite hugely negative currency effects as expected (SEK-215m vs SEK+107m in
22 Apr 2016
Negative currency effects offset at Group level
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Negative currency effects offset at Group level
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
22 Apr 2016 -
Author:
Hélène Coumes -
Pages:
3
Q1 16 earnings Sales reached SEK11,361m (+4%). Excluding currency effects, sales increased by 5% (vs -3% in Q1 15) thanks to organic growth in all divisions (Husqvarna: +4%, Gardena: +17%, Consumer Brands: +2%, Construction: +6%). The gross margin improved to 27.8% of sales (+0.6pts). The operating income was SEK1,166m (+5%, +6% excluding currency effects) and corresponded to a margin rate of 10.3% of sales (+0.1pt) despite hugely negative currency effects as expected (SEK-215m vs SEK+107m in