STOCKHOLM, Oct. 21, 2026 /PRNewswire/ — 

Consistent strategy execution in a continued challenging market 

Third quarter 2026

Net sales decreased organically by 5%.Net sales decreased by 2% to SEK 9,012m (9,204), and included a positive impact of 3% from changes in exchange rates.Operating income amounted to SEK -334m (141) and the operating margin was -3.7% (1.5).Items affecting comparability (IAC) amounted to SEK -88m. These were primarily related to the execution of cost-saving initiatives.Excluding IAC, operating income amounted to SEK -246m (140), and the operating margin was -2.7% (1.5).Earnings per share (EPS) after dilution amounted to SEK -0.70 (-0.02) and EPS excluding IAC and after dilution amounted to SEK -0.58 (-0.02).Free operating cash flow was SEK 2,422m (2,423).Net debt was SEK 9.4bn (9.9).

January – September 2026

Net sales decreased organically by 2%.Net sales decreased by 5% to SEK 37,356m (39,184), and included an impact of -3% from changes in exchange rates.Operating income amounted to SEK 2,977m (3,735) and the operating margin was 8.0% (9.5).Items affecting comparability (IAC) amounted to SEK -445m. These were primarily related to the execution of cost-saving initiatives.Excluding IAC, operating income amounted to SEK 3,421m (3,742), and the operating margin was 9.2% (9.5).IEEPA-related tariff refunds of SEK 240m were recognized in COGS during the second quarter.Earnings per share (EPS) after dilution amounted to SEK 3.14 (4.43) and EPS excluding IAC and after dilution amounted to SEK 3.74 (4.44).Free operating cash flow was SEK 4,891m (4,743).

CEO Comment

We are making solid progress on our strategic priorities. Our cost savings program remains on track, recent product launches are receiving encouraging customer feedback, and we are broadening our presence across sales channels. Although these measures have not yet fully offset current market headwinds, they reinforce our confidence in the Group’s long-term competitiveness and prospects.

Financial performance summary

Net sales were SEK 9,012m (9,204), representing an organic decline of 5% in the quarter, primarily driven by continued weakness in Europe. Organic sales in the Husqvarna Forest & Garden Division declined by 10%, sales in the Husqvarna Construction Division were unchanged, while the Gardena Division delivered solid organic growth of 8%. Performance in the Husqvarna Forest & Garden Division was significantly affected by the widespread drought across large parts of Europe and continued weak consumer demand in key markets, including Germany and France. In contrast, strong growth in the Gardena Division’s Watering business highlighted the resilience of our diversified portfolio, gaining market shares in key markets, and the Husqvarna Construction Division has continued good momentum in its aftermarket business. I am also encouraged by continued growth across all three divisions in North America.

Operating income excluding IAC was SEK -246m (140), corresponding to a margin of -2.7% (1.5). The result reflected lower volumes in the Husqvarna Forest & Garden Division, an unfavorable product mix, inventory reductions and cost increases on raw materials and logistics costs. Free operating cash flow was stable at SEK 2,422m (2,423), as lower operating income was offset by changes in working capital, primarily driven by reduced inventories. We further strengthened the balance sheet, reducing net debt to SEK 9.4bn (9.9).

Executing on cost savings while navigating cost headwinds

Our transformative cost savings program remains on track to deliver SEK 3bn in gross savings by the end of 2028. Year-to-date savings reached approximately SEK 935m, including around SEK 305m in the third quarter, driven mainly by sourcing activities and personnel reductions. However, lower volumes, inventory reductions and cost headwinds continue to weigh on profitability. We are responding with targeted price increases, supply chain actions and product cost optimization, which will partly offset these pressures, although near-term headwinds are expected to remain.

We are advancing our asset-light strategy through further outsourcing initiatives. We will transfer production of selected Husqvarna-branded battery handheld products from Europe to Asia, using both our own facilities and external partners to enhance efficiency and competitiveness.

In addition, the ongoing discontinuation of the stone diamond tool business in the Construction Division, the phase-out of our Brastad component factory in the Husqvarna Forest & Garden Division and relocation of selected activities within Gardena’s European manufacturing network are progressing according to plan.

Unlocking the next phase of robotics growth

Our robotic lawn mowing business faced a difficult quarter, with adverse weather, competitive headwinds, and elevated channel partner inventories in Europe constraining demand for Husqvarna- and Gardena-branded products. Although recent performance has fallen short of expectations, we remain the clear market leader and we are confident in our strategy and longer-term development.

The strategic review of the Powered Garden BPU in the Gardena Division is ongoing and we aim to provide an update in the beginning of next year. Our priorities in the Husqvarna Forest & Garden Residential Robotics BPU include expanding our retail footprint and product range across price points and channels, strengthening the robotics organization and development model.

During the quarter, the US became the largest market in terms of sales for our Professional Robotics BPU, driven mainly by continued growth in the golf segment. Upcoming product launches and broader US distribution are expected to further strengthen our competitive position next season. We are also encouraged to be the first robotics company to receive conditional approval from the Federal Communications Commission (FCC) for foreign-produced advanced robotic devices in the US market.

Building a stronger, more competitive Husqvarna Group

We are accelerating change across the Group to create a leaner, more agile and asset-light organization. By challenging established ways of working, simplifying operations and acting decisively, we are strengthening competitiveness and profitability in the longer-term. Significant work remains, but I am confident we are moving in the right direction.

When consumer sentiment recovers, particularly in Europe, we will be well positioned to capture growth and improve earnings.

Glen Instone, CEO

Webcast presentation and telephone conference

A webcast presentation of the Q3 report hosted by Glen Instone, CEO and Patrik Johnson, CFO will be held at 9:00 CEST on Oct 21, 2026.
To view the presentation, please use this link.
The dial-in to the telephone conference (to ask questions):
+46 (0) 8 505 100 31 (Sweden) or +44 203 059 58 63 (UK)

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 STOCKHOLM: HUSQ-A) (NASDAQ STOCKHOLM: HUSQ-B)

This report contains insider information that Husqvarna AB is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 07:00 CEST on Oct 21, 2026.

Factors affecting forward-looking statements

This report contains some forward-looking statements. These statements 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, success in developing new products, outcome of product responsibility litigation and progress in terms of reaching the goals set for productivity and efficient use of capital.

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SOURCE Husqvarna Group

Strengthening cybersecurity for intelligent power management

NEW TAIPEI CITY, Oct. 20, 2026 /PRNewswire/ — Power equipment is essential to business continuity. As remote monitoring and centralized management become widespread, the cybersecurity of software and network interfaces has become a critical consideration in equipment selection. DEKRA awarded CyberPower the IEC 62443-4-1 certification for its secure product development processes following an independent assessment. The certification demonstrates CyberPower’s ability to integrate cybersecurity requirements into product development and ongoing maintenance.

CyberPower’s portfolio includes uninterruptible power systems (UPS), power distribution units (PDUs), power management software, surge protectors, power converters, network cards and environmental sensors. As power management extends from on-site operation to remote monitoring over networks, users gain more timely access to equipment status information. This connectivity also brings access controls, software updates, and potential vulnerabilities into focus. Managing these risks while improving operational efficiency is an important consideration for suppliers supporting business continuity.

IEC 62443-4-1 is part of the international IEC 62443 series of cybersecurity standards for industrial automation and control systems. It specifies requirements for a secure product development lifecycle, covering security requirements, design and implementation, security verification and validation, security issue management, patch management, and management of product end-of-life. Clearly defined responsibilities and documented procedures help manufacturers track security requirements during development and address newly identified security issues after delivery.

Hundry Chien, Assistant Vice President of CyberPower’s Data Center Development Division, said: “Data centers depend on reliable power and management equipment that can be safely operated and maintained over time. By incorporating cybersecurity into our product development processes, we give our R&D teams a consistent framework for design, testing, and subsequent updates. This certification recognizes our commitment and helps customers better understand how we manage cybersecurity risks throughout the product lifecycle.”

Maxi Tsai, General Manager of DEKRA APAC DTS and Onward Security, said: “The cybersecurity of connected power equipment is closely linked to business continuity. An effective secure development process makes risk identification, security testing, and vulnerability management part of day-to-day work, supported by traceable records. CyberPower’s successful assessment provides customers with independent evidence to assess a supplier’s cybersecurity management and long-term maintenance capabilities, alongside equipment performance and power supply reliability.”

DEKRA combines its local cybersecurity expertise in Taiwan with global testing and certification resources to provide IEC 62443 secure development process assessments, product cybersecurity testing, and certification services. For the EU Cyber Resilience Act (CRA), its services include assessing applicability, gap analysis, reviews of vulnerability management and incident reporting procedures, and technical documentation support. By assessing both development processes and product security capabilities, DEKRA helps Taiwanese manufacturers build on their existing cybersecurity practices to meet market and regulatory requirements and reduce compliance risks associated with product launches and ongoing maintenance.

About DEKRA

For more than 100 years, DEKRA has been a trusted name in safety. Founded in 1925 with the original goal of improving road safety through vehicle inspections, DEKRA has grown to become the world’s largest independent, non-listed expert organization in the field of testing, inspection, and certification. Today, as a global partner, the company supports its customers with comprehensive services and solutions to drive safety and sustainability forward. In 2025, DEKRA generated revenue of 4.4 billion euros. More than 48,000 employees are providing qualified and independent expert services in approximately 60 countries across five continents. DEKRA holds a Platinum rating from EcoVadis, placing it among the top 1% of the world’s most sustainable companies.

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SOURCE DEKRA Asia Pacific

GOTHENBURG, Sweden, Oct. 21, 2026 /PRNewswire/ — Comments and figures in this report refer to SKF Group’s continuing operations unless otherwise stated. The Automotive segment is reported as discontinued operations and as assets/liabilities held for distribution. The income statement and cash flow statement have been updated for comparative periods, whilst the balance sheet has been updated per September only. Related key figures have been adjusted accordingly.

Q3 2026

Net sales: MSEK 17,467 (16,562)Organic growth: 4.3% (3.7%). Driven by both positive demand as well as solid price/mix contribution.Adjusted operating profit: MSEK 2,845 (2,553). Driven by strong commercial execution, especially within Specialized Industrial Solutions (SIS).Adjusted operating margin: 16.3% (15.4%).Net cash flow from operating activities: MSEK 2,076 (1,780). Mainly driven by improved operating result, partly offset by working capital build-up.

1) SKF Group including discontinued operations.
2) Based on the balance sheet by the end of the period and not 12 months’ rolling average.

Rickard Gustafson, President and CEO:

“We delivered 4.3% organic growth and increased adjusted operating margin by 0.9 percentage points to 16.3%, year-over-year, supported by strong commercial execution. We are also bringing forward our BSEK 2 annual savings target by six months, to mid-2027. Shareholder approval of the SKF Vertevo distribution at the EGM marked an important milestone.

Growth in selected markets supports improved margin

Ahead of the planned listing of SKF Vertevo on Nasdaq Stockholm on 1 December 2026, the Automotive business is reported as Discontinued operations from Q3. Looking at our Continuing operations, i.e. our industrial business, organic sales growth was 4.3%, driven by both volume and solid price/mix. We saw higher demand in selected OEM markets, including drives connected to data centers, infrastructure, as well as security and defence.

Bearing Solutions grew by 2.8%, with continued growth in India and Southeast Asia and further improvement in the OEM market in the Americas. Development was broadly unchanged in Europe, Middle East and Africa, as well as in China and Northeast Asia. Specialized Industrial Solutions (SIS) continued its strong performance where organic sales increased by 8.3%, growing across all business units and particularly in Aerospace and Magnetic Solutions. It’s worth noting that in Magnetic Solutions, we continue to strengthen our position by expanding production capacity and increasing automation to capture structural growth.

I’m pleased that the industrial business improved its adjusted operating margin, compared to the same quarter last year, to 16.3%, reflecting continued strong commercial execution, particularly in SIS. Rightsizing savings of approximately MSEK 350, corresponding to an annual pace of about BSEK 1.7, more than offset negative separation-related synergies. The rightsizing program is progressing well, and we now expect to reach the targeted annual run-rate savings of approximately BSEK 2 by mid-2027 compared to end-2027 as previously communicated.

We continue to actively work with our cost and commercial execution to mitigate continued cost inflation in input costs and logistics. Tariff-related costs were again largely compensated. Investments in our transformation initiatives to harmonize and modernize our IT landscape proceeded as planned. Support production to the automotive business in Q3 was non-material. Currency effects provided a minor tailwind in Q3.

Cash flow from operations increased year-over-year to BSEK 2.1, supported by the improved operating result and partly offset by an increase in inventory for components and materials, primarily within SIS to support continued growth.

Preparing for two focused companies

The approval by our shareholders of the distribution of the shares in SKF Vertevo marked an important milestone ahead of the planned listing on 1 December 2026. Another milestone will be SKF Vertevo’s Capital Markets Day (CMD) on 17 November. In Q3, they delivered a solid performance with an improved adjusted operating margin of 4.6% despite challenging market conditions where organic sales declined by –4.0%.

As the separation progresses, we have updated the classification of some items affecting comparability (IAC) between separation and footprint optimization activities. The total expected level of IAC remains unchanged from our CMD 2025 communication, and this has no impact on our path towards achieving our long-term industrial business margin target. Additional production lines transferred to the Automotive business will decrease the need for industrial footprint optimization with BSEK 0.5, while IAC related to the separation will increase by the same amount, totaling approximately BSEK 3.

Out of SKF Vertevo’s total production, a few production lines remain to be transferred into SKF Vertevo plants during 2027. This means that contract manufacturing to SKF Vertevo will start to decrease from Q2 2027. Thereafter, it is expected to decrease significantly over the medium term.

Outlook

We expect organic sales for SKF Group’s continuing operations to strengthen somewhat in Q4, year-over-year. This as we see a similar market environment as we had in Q3. However, market volatility remains high which amplifies overall uncertainty.”

Outlook and guidance

The statements below refer to SKF Group’s continuing operations unless otherwise stated.

Outlook Q4 2026

We expect organic sales for SKF Group’s continuing operations to strengthen somewhat in Q4, year-over-year. This as we see a similar market environment as we had in Q3. However, market volatility remains high which amplifies overall uncertainty.

Guidance Q4 2026

Currency impact on the operating profit: around MSEK 150, year-over-year, based on exchange rates as per 30 September 2026.

Guidance FY 2026

Tax level excluding effects related to divested businesses and separation of the Automotive business: around 27%.Additions to property, plant and equipment: around BSEK 2.5. Compared to previous guidance, this corresponds to a decrease of around BSEK 0.5 as result of optimization of SKF Group’s continuing operations’ planned investments.IAC related to the Automotive separation and footprint optimization for SKF Group including discontinued operations: BSEK –2.5 to –3. This is within the frame communicated at CMD 2025.1)

1) SKF Group including discontinued operations.

A webcast will be held on 21 October 2026 at 08:30 (CEST):
Sweden: +46 (0)8 5051 0031
UK/International: +44 (0)203 059 5863

https://www.skf.com/group/investors

Aktiebolaget SKF
      (publ)

The financial information in this press release contains inside information that AB SKF is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication through the agency of the contact persons set out below on 21 October 2026 at 07:30 CEST.

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com 
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; sophie.arnius@skf.com 

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