Q4 19 was disappointing with organic sales down -2% and a slight slippage of the negative operating margin excluding the items affecting the comparability (-4.8% of sales vs. -4.4% in Q4 18). The continuing destocking at some large trade partners in the US affected the Husqvarna division (64% of Group sales) which had lower organic sales (-5%) and low production rates in order to reduce inventories. According to management, the destocking is behind Husqvarna and will not impact Q1 2020.
04 Feb 2020
Hit by the destocking in the US
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Hit by the destocking in the US
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
04 Feb 2020 -
Author:
Hélène Coumes -
Pages:
3
Q4 19 was disappointing with organic sales down -2% and a slight slippage of the negative operating margin excluding the items affecting the comparability (-4.8% of sales vs. -4.4% in Q4 18). The continuing destocking at some large trade partners in the US affected the Husqvarna division (64% of Group sales) which had lower organic sales (-5%) and low production rates in order to reduce inventories. According to management, the destocking is behind Husqvarna and will not impact Q1 2020.