On 16 October 2017, Husqvarna announced that its Consumer Brands division will not meet expectations in 2018. Sales are expected to be down c.SEK1.0bn vs the level in 2017. The Consumer Brands’ target of an operating margin of 5% of sales in the medium term is delayed. The downward revision of sales is due to the decision to reduce significantly the volume with a large US retailer and to continue to focus on the profitable businesses. Management has started to implement the measures to
17 Oct 2017
Sales warning in Consumer Brands
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Sales warning in Consumer Brands
Husqvarna AB Class B (HRZ:FRA) | 0 0 0.2% | Mkt Cap: 50,123m
- Published:
17 Oct 2017 -
Author:
Hélène Coumes -
Pages:
2
On 16 October 2017, Husqvarna announced that its Consumer Brands division will not meet expectations in 2018. Sales are expected to be down c.SEK1.0bn vs the level in 2017. The Consumer Brands’ target of an operating margin of 5% of sales in the medium term is delayed. The downward revision of sales is due to the decision to reduce significantly the volume with a large US retailer and to continue to focus on the profitable businesses. Management has started to implement the measures to