In Q1 21, organic sales growth was impressive (+24%) and this was attributable to all divisions. Husqvarna benefited from the rebuilding of inventories to normal levels at retailers before the gardening season and also the launch of new robotic lawn mowers by Husqvarna and Gardena. The operating margin improved significantly (+4.6pts to 16.3% of sales) thanks to high volumes, a positive product mix, price increases and cost savings which more than offset higher raw material costs and currency he ....
22 Apr 2021
Strong start to the year 2021
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong start to the year 2021
- Published:
22 Apr 2021 -
Author:
Hélène Coumes -
Pages:
3
In Q1 21, organic sales growth was impressive (+24%) and this was attributable to all divisions. Husqvarna benefited from the rebuilding of inventories to normal levels at retailers before the gardening season and also the launch of new robotic lawn mowers by Husqvarna and Gardena. The operating margin improved significantly (+4.6pts to 16.3% of sales) thanks to high volumes, a positive product mix, price increases and cost savings which more than offset higher raw material costs and currency he ....