Despite satisfactory organic sales growth excluding Consumer Brands in Q2 18 (+6% at Husqvarna, +12% at Gardena, +8% in the Construction business), the operating margin deteriorated (-1.8pts to 13.5% of revenue). Management decided to stop wasting time and investments for a hypothetical recovery of the Consumer Brands. The disposal of the non-profitable activities and the integration of the remaining operations in the Husqvarna and Gardena divisions are planned. This is a positive process tha
17 Jul 2018
Deterioration in margins, the end in Consumer Brands
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Deterioration in margins, the end in Consumer Brands
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
17 Jul 2018 -
Author:
Hélène Coumes -
Pages:
3
Despite satisfactory organic sales growth excluding Consumer Brands in Q2 18 (+6% at Husqvarna, +12% at Gardena, +8% in the Construction business), the operating margin deteriorated (-1.8pts to 13.5% of revenue). Management decided to stop wasting time and investments for a hypothetical recovery of the Consumer Brands. The disposal of the non-profitable activities and the integration of the remaining operations in the Husqvarna and Gardena divisions are planned. This is a positive process tha