Q1 19 was satisfactory in the gardening divisions. At constant currency, the top-line was robust at both Husqvarna (+5%) and Gardena (+2% given a high comparative). The exit of some Consumer Brands’ product categories weighed on the sales growth of both divisions (-4pts each). The operating margin (before restructuring costs) improved by 1.1pt to 12.3% of sales thanks to higher volumes, price increases, higher efficiency and cost-savings related to restructurings. Higher raw material co
24 Apr 2019
Good start to the year in the gardening divisions
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Good start to the year in the gardening divisions
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
24 Apr 2019 -
Author:
Hélène Coumes -
Pages:
3
Q1 19 was satisfactory in the gardening divisions. At constant currency, the top-line was robust at both Husqvarna (+5%) and Gardena (+2% given a high comparative). The exit of some Consumer Brands’ product categories weighed on the sales growth of both divisions (-4pts each). The operating margin (before restructuring costs) improved by 1.1pt to 12.3% of sales thanks to higher volumes, price increases, higher efficiency and cost-savings related to restructurings. Higher raw material co