Organic net sales increased by 3% and the operating margin improved to 16.3% of sales (+0.9pt) despite the negative unprecedented COVID-19 context. Mainly involved in the consumer segment, Gardena (30% of group sales) benefited from a strong demand for lawn and garden products and a positive product-mix during the lockdowns. We believe that demand for lawn and garden market should remain well-oriented in Q3 20, while the Construction activities are uncertain with the risk of deteriorating eco
16 Jul 2020
Confirmation of a great Q2 20
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Confirmation of a great Q2 20
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
16 Jul 2020 -
Author:
Hélène Coumes -
Pages:
3
Organic net sales increased by 3% and the operating margin improved to 16.3% of sales (+0.9pt) despite the negative unprecedented COVID-19 context. Mainly involved in the consumer segment, Gardena (30% of group sales) benefited from a strong demand for lawn and garden products and a positive product-mix during the lockdowns. We believe that demand for lawn and garden market should remain well-oriented in Q3 20, while the Construction activities are uncertain with the risk of deteriorating eco