Net sales for equipment manufacturer Husqvarna decreased by 2 percent, totaling SEK 6.41 billion (about U.S. $968 million) compared with SEK 6.9 billion for the same period a year ago. For the first nine months of the year, net sales totaled SEK 25.4 billion (about U.S. $3.8 billion).
“Husqvarna’s consumer business has been affected by the slowdown in the global consumer demand, the uncertain economic environment and the unfavorable weather,” said acting CEO Hans Linnarson. “Operating income for the third quarter declined, mainly as a result of lower sales, unfavorable mix and higher costs. We have maintained our market position for forest and garden products both in Europe and North America, despite the supply chain challenges in North America. In some categories, like ride-on and robotic mowers in Europe, we have significantly increased our market share. Accumulated for the year up until September, sales for Europe and Asia/Pacific and construction have increased while America’s decreased, adjusted for exchange rate effects.”
Linnarson said the construction division has performed well all year, resulting in increased operating income and strengthened market positions. “Pre-season production for 2012 has started earlier than last year in order to secure a high customer service level,” he added. “The Group’s listings for forest and garden products are estimated to be unchanged versus 2011, however with an improved mix among the retailers.”
Husqvarna Corp. is based in Stockholm, Sweden.