In Q4 18, organic sales decreased in the Husqvarna division and were flat in the Construction division. The reduction in sales continued in Consumer Brands due to lower volumes with a major US retailer. Group operating loss included significant restructuring costs (SEK-822m) related to the divestment of low profitable activities in Consumer Brands and the acquired companies in the Construction division. In 2019, Husqvarna is targeting a rebound in the operating margin (vs 7.9% of sales in 201
05 Feb 2019
End of a tough year 2018
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End of a tough year 2018
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
05 Feb 2019 -
Author:
Hélène Coumes -
Pages:
3
In Q4 18, organic sales decreased in the Husqvarna division and were flat in the Construction division. The reduction in sales continued in Consumer Brands due to lower volumes with a major US retailer. Group operating loss included significant restructuring costs (SEK-822m) related to the divestment of low profitable activities in Consumer Brands and the acquired companies in the Construction division. In 2019, Husqvarna is targeting a rebound in the operating margin (vs 7.9% of sales in 201