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Husqvarna Group: INTERIM REPORT JANUARY – JUNE 2026

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STOCKHOLM, July 17, 2026 /PRNewswire/ —

Challenging market conditions in Europe, while solid growth in North America

Second quarter 2026

Net sales decreased organically by 4%.Net sales declined by 6% to SEK 14,383m (15,277), and included an impact of -2% from changes in exchange rates.Operating income amounted to SEK 1,600m (2,063) and the operating margin was 11.1% (13.5).Items affecting comparability (IAC) amounted to SEK -349m. These were primarily related to the execution of cost-saving initiatives, as well as a write-down associated with the Brastad factory.Excluding IAC, operating income amounted to SEK 1,950m (2,041), and the operating margin was 13.6% (13.4).IEEPA-related tariff refunds of SEK 240m were recognized in COGS.Earnings per share (EPS) after dilution amounted to SEK 1.80 (2.76) and EPS excluding IAC and after dilution amounted to SEK 2.27 (2.73).Free operating cash flow was SEK 3,903m (2,459).Net debt was SEK 11.8bn (12.3).

January – June 2026

Net sales declined organically by 1%.Net sales declined by 5% to SEK 28,344m (29,981), and included an impact of -4% from changes in exchange rates.Operating income amounted to SEK 3,311m (3,594) and the operating margin was 11.7% (12.0).Items affecting comparability (IAC) amounted to SEK -357m. These were primarily related to the execution of cost-saving initiatives, as well as a write-down associated with the Brastad factory.Excluding IAC, operating income amounted to SEK 3,667m (3,602), and the operating margin was 12.9% (12.0).Earnings per share (EPS) after dilution amounted to SEK 3.85 (4.45) and EPS excluding IAC and after dilution amounted to SEK 4.32 (4.46).Free operating cash flow was SEK 2,766m (2,329).

CEO Comment

Following a solid start to the year, with strong sell-in to channel partners supported by successful product launches, trading conditions were challenging in the second quarter. Ongoing geopolitical uncertainty and weak consumer sentiment continued to weigh on demand, while unfavorable weather in Europe during the first six weeks of the quarter further slowed sell-out and replenishment. North America continued its recovery, delivering solid growth across most product categories.

European weakness impacted performance

In the quarter, net sales amounted to SEK 14,383m (15,277), corresponding to organic growth of -4% compared with a strong second quarter last year. The decline was primarily driven by an 11% organic sales decrease in the Gardena Division and a 3% decline in the Husqvarna Forest & Garden Division, while the Husqvarna Construction Division delivered organic growth of 5%.

Operating income, excluding IAC, amounted to SEK 1,950m (2,041), with the margin improving to 13.6% (13.4). The result included IEEPA-related tariff refunds of SEK 240m. Excluding the tariff refunds, earnings were impacted by lower sales volumes, continued inflationary pressure, higher raw material and logistics costs, as well as negative currency effects.

Free operating cash flow improved to SEK 3,903m (2,459), driven by reductions in working capital. Our financial position remained solid and we reduced net debt to SEK 11.8bn (12.3).

Accelerating savings and operational excellence

While we continue to make progress with our cost savings program, and we have now reached run-rate savings of approximately SEK 630m, with a quarterly contribution of SEK 385m, the benefits are not yet enough to fully offset the external headwinds we face. We are therefore raising our ambition and now target savings of SEK 3 billion by end of 2028.

During the year, we have closed several warehouses in Europe within the Construction Division, while additional consolidation initiatives are underway across the Group. We also completed our first Group-wide transportation tender, reducing our supplier base by two-thirds and leveraging the Group’s scale.

During the quarter, we announced the planned discontinuation of our non-core stone diamond tools business within the Husqvarna Construction Division. In Gardena, we are accelerating the turnaround plans as presented at our Capital Market Day in December, into a strategic review of the Powered Garden Business Portfolio Unit (BPU). We are strengthening OEM partnerships across the portfolio to support a more asset-light and flexible operating model, while implementing a leaner organization with clearer roles and accountability.

We are also optimizing our manufacturing footprint. During the quarter, we initiated the process to consolidate parts of Gardena’s German production into our Czech facilities, enabling us to leverage the strengths of each site and use our manufacturing network more efficiently.

Executing on our transformation agenda in a challenging environment

We recently announced changes to our Group Management team and are pleased to welcome four new members. Our new Chief Financial Officer, Chief Procurement Officer, and President of the Husqvarna Construction Division will join in the third quarter, followed by our new Chief Information Officer at the end of the year. They bring fresh perspectives, new capabilities, and valuable experience that will strengthen our foundation and help accelerate performance.

While external headwinds are expected to persist, we remain committed to our transformation towards profitable growth. Supported by our strong portfolio of brands and products, a continued focus on operational excellence, strategic portfolio management, and an enhanced aftermarket offering, we are confident in our ability to create customer value and deliver profitable growth over the long term.

Glen Instone, CEO

Webcast presentation and telephone conference

A webcast presentation of the Q2 interim report hosted by Glen Instone, CEO and Terry Burke, CFO will be held at 9:00 CEST on July 17, 2026.

To view the presentation, please use the link.

The dial-in to the telephone conference (to ask questions):

+46 (0) 8 505 100 31 (Sweden) or +44 203 059 58 63

Contact

Emelie Alm, Vice President, Investor Relations
+46 70 514 64 14

Husqvarna AB (publ), P.O. Box 7454, SE-103 92 Stockholm
Hälsingegatan 49, +46 8 738 90 00, www.husqvarnagroup.com 

Reg. Nr: 556000-5331
NASDAQ OMX Stockholm: HUSQ A, HUSQ B

This report contains insider information that Husqvarna AB is required to disclose under the EU Market Abuse Regulation and the Securities Market Act. The information was submitted for publication, through the contact person set out above, at 07.00 CEST on July 17, 2026.

Factors affecting forward-looking statements

This report contains forward-looking statements in the sense referred to in the American Private Securities Litigation Reform Act of 1995. Such statements comprise, among other things, financial goals, goals of future business and financial plans. These statements are based on present expectations and are subject to risks and uncertainties that may give rise to major deviations in the result due to several aspects. These aspects include, among other things: consumer demand and market conditions in the geographical areas and lines of business in which Husqvarna operates, the effects of currency fluctuations, downward pressure on prices due to competition, a material reduction in sales by important distributors, success in developing new products and in marketing, outcome of product responsibility litigation, progress in terms of reaching the goals set for productivity and efficient use of capital, successful identification of growth opportunities and acquisition objects, integration of these into the existing business and successful achievement of goals for making the supply chain more efficient.

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Interim Report Q2 2026 Husqvarna Group

 

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Chandigarh University Uttar Pradesh Signs MoUs with 36 Top Global Universities; to provide global exposure for students

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Students to get an opportunity to study at top ranked Universities across 19 countries

LUCKNOW, India, July 17, 2026 /PRNewswire/ — Chandigarh University Uttar Pradesh, India’s first AI-Augmented Multidisciplinary University, has signed a Memorandums of Understanding (MoUs) with 36 top ranked universities in 19 countries to provide its students global learning through student exchange programs, dual degree programs, internships and joint research opportunities in the institutions abroad.

Divulging details of the MoUs, Jai Inder Singh Sandhu, Managing Director, Chandigarh University Uttar Pradesh said, “The university has built a globally diverse and academically strong network of international partners with global standing for connecting its students to world-class education.”

“The partner universities of Chandigarh University Uttar Pradesh are top ranked in the QS World University Rankings. While one of these 36 universities is ranked among the world’s top 100, seven universities feature in the top 200 globally, 12 are ranked between 201 and 500, and eight are placed among the world’s top 1,000 universities in the QS World University Rankings 2027.”

“The partner network of Chandigarh University Uttar Pradesh spans across the world with 7 universities in USA, 4 in United Kingdom, 3 in Malaysia, 2 each in Canada, Italy, Nepal, and South Africa and one each in Australia, Czech Republic, Germany, Macao SAR, New Zealand, South Korea, Argentina, Brazil, Croatia, Hungary, Indonesia, Malaysia, Mauritius signing MoUs to nurture young minds into global visionaries, enabling them to explore new cultures, expand their academic knowledge, and unlock exciting career growth opportunities,” he added.

Sandhu said, “The prestigious universities, both in the government and private sector, who have forged partnership with the Chandigarh University Uttar Pradesh include Borough of Manhattan Community College of the City University of New York, Northeastern University, Washington Adventist University, Illinois Institute of Technology, American University, Wishington DC, University of Maryland, Baltimore County, and Kent State University in the United States.”

“In the UK, Chandigarh University Uttar Pradesh’s partner universities include De Montfort University, Royal Holloway, University of London, and University of St Andrews from the United Kingdom, along with Queen’s University Belfast from Northern Ireland (UK). Chandigarh University Uttar Pradesh’s partner universities in Australia include RMIT, Western Sydney University and The University of Newcastle. The universities in Canada which have established partnership with Chandigarh University Uttar Pradesh include Brock University and The University of Western Ontario London, Ontario, Canada (Western),” he said.

Jai Inder Singh Sandhu, Managing Director, Chandigarh University Uttar Pradesh said, “Other universities which have signed MoU with Chandigarh University Uttar Pradesh include Universiti Sains Malaysia (School of Industrial Technology), Sunway University, and Asia Pacific University of Technology & Innovation (APU) in Malaysia; Università Cattolica del Sacro Cuore and Sapienza University of Rome in Italy, Pokhara University and Mid-West University, Surkhet in Nepal, University of Cape Town and Vaal University of Technology (VUT) in South Africa.”

“This apart, University of Macau in Macao, University of Zagreb (Faculty of Economics and Business) in Croatia; Palacký University in Czech Republic, Friedrich Schiller University Jena in Germany; University of Szeged in Hungary and Universitas Airlangga in Indonesia, The University of Auckland (Faculty of Education and Social Work) in New Zealand, UNICAMP Universidade Estadual de Campinas in Brazil, Middlesex University in Mauritius and Jeonbuk National University in South Korea,” he added.

Sandhu said, “These MoUs have paved the way for the students of Chandigarh University Uttar Pradesh to get international exposure with the access to top universities in the world’s popular higher education destinations across North America, Europe, Oceania, Asia and Africa, creating a rich educational ecosystem through semester abroad or dual degree programs, student exchange programs and joint research projects.”

“Under these MoUs, Chandigarh University Uttar Pradesh will offer a wide range of student exchange programs with its partner universities around the world on a semestral or academic-year basis. In semester exchange programs to Europe, Asia, South Africa, South America under these MoUs, students of Chandigarh University Uttar Pradesh will get the opportunity to spend a semester in partner universities to make their academic journey international. Chandigarh University Uttar Pradesh students who intend to do a degree from a University abroad with also get the opportunity for the same under these MoUs. Our students will have the distinct advantages to build-up their professional career,” he added.

Sandhu said, “Chandigarh University Uttar Pradesh’s Master Degree programs under these MoUs will help students get into some of the top-ranked Universities to pursue your higher degrees and avail institutional and government scholarships for the same. Chandigarh University Uttar Pradesh’s ‘Short Term Programs’ under the MoUs with the universities across the world will provide its students with a unique opportunity to gain practical international exposure. Through short-term Immersion Programs, Industry Immersion Programs, Profile Building Programs, Summer School Programs and Winter School Programs, Chandigarh University Uttar Pradesh students will engage with diverse communities, broaden their global perspective and develop valuable skills. Such programs are especially useful for students who want international exposure but may not be looking for a full long-term relocation. For many students, these shorter formats can be the first meaningful step into global learning.” 

Jai Inder Singh Sandhu said, “Students of Chandigarh University Uttar Pradesh will get ‘study-abroad’ opportunities under which they will spend a defined period at a partner university and experience an international classroom, new pedagogical methods and a different academic culture.”

“Chandigarh University Uttar Pradesh’s research-linked collaborations will also lead to creation of opportunities for scholarly engagement, academic exchange and knowledge creation. Such academic relationships will shape future projects, faculty interaction and interdisciplinary learning The MoUs with global universities will focus on several key areas in subject-specific key areas including AI and Cybersecurity in order to prepare students for careers in emerging technologies and improve their employability. In a higher education environment where credibility matters as much as visibility, Chandigarh University Uttar Pradesh is standing out for building global opportunities that are measurable, practical and relevant to student success,” he added.

About Chandigarh University Uttar Pradesh (Lucknow)

Envisioned to foster a culture of sustainability and empower future global leaders, Chandigarh University, Uttar Pradesh, immerses 21st-century learners in a personalised and experiential learning experience, integrating an AI-powered academic model and a multidimensional, futuristic perspective on education. Our Uttar Pradesh campus carries forward the venerable legacy of more than a decade of Chandigarh University, Punjab, which has established itself as India’s No. 1 Private University and a torchbearer of groundbreaking pedagogy and research-driven innovation. The AI-augmented new campus offers a broad spectrum of industry-driven futuristic academic programs encompassing data-driven insights, virtual reality experiences, real-world simulations, corporate mentorship, international perspective, interdisciplinary research, cultivation of entrepreneurial spirit, and professional competencies.

https://www.culko.in/

 

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Skanska builds high-tech fabrication facility in Boise, Idaho, USA, for USD 390M, about SEK 3.6 billion

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STOCKHOLM, July 17, 2026 /PRNewswire/ — Skanska has signed a contract with a new confidential high-tech client for the construction of a fabrication facility in Boise, Idaho, USA. The contract is worth USD 390M, about SEK 3.6 billion, which will be included in the US order bookings for the third quarter of 2026.

Work is for a new fabrication facility, a dedicated Central Utility Plant, and associated site infrastructure.

Work has begun and is scheduled for completion in the first quarter of 2028.

For further information please contact:
Daniela Arellano, Communications Director, Skanska USA, tel +1  213 317 4977
Andreas Joons, Press Officer, Skanska AB, tel +46 76 870 75 51
Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

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20260717 US high-tech fabrication facility

 

 

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Akko Launches New U1 Switch Series, Debuting with Creamy Yellow U1

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SHENZHEN, China, July 17, 2026 /PRNewswire/ — As Akko approaches its 10th anniversary, the brand introduces U1 Series mechanical keyboard switches. As Akko’s next-generation switch lineup, the U1 Series is built around material innovation, structural refinement, and acoustic tuning, aiming to deliver a polished typing experience.

Across the series, U1 switches feature a newly engineered POM-blend material. While retaining the self-lubricating properties of POM, the material improves smoothness and consistency, bringing a cleaner sound profile and a refined typing feel. A redesigned cylindrical stem and optimized rail structure help each keystroke sound more focused and lower-pitched, with a thocky character, while reducing rail contact area. Paired with an upgraded POM top housing, the design suppresses spring ping and unwanted resonance. Each switch is precision factory-lubed to reduce dry friction out of the box, allowing users to enjoy a smooth, stable feel without manual lubrication.

Creamy Yellow U1 also receives dedicated internal structural upgrades. This U1 version combines the crisp character of the V3 version with the deeper sound of the V5 version, balancing different preferences for switch acoustics. Its optimized structure delivers more stable performance across keyboard configurations, making it suitable for entry-level users exploring custom keyboards while improving compatibility. Through a specially designed light-guiding column for diffusion, the switch reduces light loss and dark areas, creating brighter, more even RGB effects across compatible PCBs. Packaging has also been upgraded to a standard 100-switch box, making it more convenient for switch replacement, spare use, storage, and bulk assembly across mainstream keyboard layouts, while improving efficiency and reducing packaging waste.

More U1 Series upgrades include Creamy Purple U1, which optimizes stem stability and noise control for a clearer tactile feel and purer sound; Piano U1, an upgraded version of the V3 Pro Piano switch with improved smoothness and stability for linear-switch users; and Crystal Silver U1, a new linear switch designed for fast actuation and responsive rebound in gaming scenarios.

According to Akko’s product team, an excellent switch is shaped by materials, structure, sound, and feel working together. Creamy Yellow U1 marks the beginning of the U1 ecosystem. Akko also plans to introduce silent-oriented products and will apply U1 switches to upcoming keyboards, including 5075 V5 and more V5 Series products.

The U1 Series switches are available through Akko’s global sales channels. For more information, please visit akkogear.eu and akkogear.de.

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