Organic sales grew by +2% in Q3 19 (vs -3% in Q2 19, +7% in Q1 19) despite the weakness in demand for wheeled products in the US. The operating margin surged to 4.9% of sales (+2.1pts) thanks to price increases implemented to attenuate higher tariffs and raw material costs, cost savings and greater efficiency. Furthermore, the currency effect boosted the operating income by 10% (SEK40m) out of an 84% total increase in the operating income on a restated basis.
23 Oct 2019
Moderate organic sales growth, operating margin improvement
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Moderate organic sales growth, operating margin improvement
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
23 Oct 2019 -
Author:
Hélène Coumes -
Pages:
3
Organic sales grew by +2% in Q3 19 (vs -3% in Q2 19, +7% in Q1 19) despite the weakness in demand for wheeled products in the US. The operating margin surged to 4.9% of sales (+2.1pts) thanks to price increases implemented to attenuate higher tariffs and raw material costs, cost savings and greater efficiency. Furthermore, the currency effect boosted the operating income by 10% (SEK40m) out of an 84% total increase in the operating income on a restated basis.