In Q1 20, the decrease in organic sales was less than expected (-4%) thanks to strong sell-in volumes before the gardening season at Gardena (+5%). Gardena’s good performance and cost savings limited the decrease in the group’s operating margin (11.7% of sales, -0.6pt excluding the exceptional items). Q2 20 will be significantly impacted by the lockdown in Europe and North America. The level of inventories is normal in the distribution networks and Husqvarna can seize the opportun
24 Apr 2020
Tough Q2 20 in perspective, manufacturing not stopped
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Tough Q2 20 in perspective, manufacturing not stopped
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
24 Apr 2020 -
Author:
Hélène Coumes -
Pages:
3
In Q1 20, the decrease in organic sales was less than expected (-4%) thanks to strong sell-in volumes before the gardening season at Gardena (+5%). Gardena’s good performance and cost savings limited the decrease in the group’s operating margin (11.7% of sales, -0.6pt excluding the exceptional items). Q2 20 will be significantly impacted by the lockdown in Europe and North America. The level of inventories is normal in the distribution networks and Husqvarna can seize the opportun