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HUSQVARNA GROUP: YEAR-END REPORT JANUARY – DECEMBER 2024

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STOCKHOLM, Feb. 5, 2025 /PRNewswire/ — Strong cash flow during a challenging year

Fourth quarter 2024

Net sales decreased by 2% to SEK 8,464m (8,605). Changes in exchange rates contributed with 1%. Sales declined organically by 3%.Operating income amounted to SEK -1,285m (-983) and the operating margin was -15.2% (-11.4).Excluding items affecting comparability, the operating income amounted to SEK -694m (-168) and the operating margin was -8.2% (-1.9).Items affecting comparability amounted to SEK -591m (-815), and was related to the Group’s cost savings initiatives, announced in October 2024 and related to costs following the reclassification of the Orangeburg manufacturing facility in North America to assets held for sale.Earnings per share after dilution amounted to SEK -1.95 (-1.77) and earnings per share excluding items affecting comparability and after dilution amounted to SEK -1.15 (-0.67).Cash flow from operations and investments amounted to SEK -925m (-743). Direct operating cash flow increased to SEK 582m (523).

January – December 2024

Net sales decreased by 9% to SEK 48,352m (53,261). Changes in exchange rates had a neutral effect.Planned exits of low-margin petrol-powered business impacted with -2%. Sales declined organically by 7%.Operating income was SEK 2,597m (3,880) and the operating margin was 5.4% (7.3).Excluding items affecting comparability, the operating income amounted to SEK 3,195m (4,970) and the operating margin was 6.6% (9.3).Earnings per share after dilution amounted to SEK 2.31 (3.81) and earnings per share excluding items affecting comparability and after dilution amounted to SEK 3.12 (5.28).Cash flow from operations and investments was SEK 4,372m (4,414). Direct operating cash flow increased to SEK 6,905m (6,541), driven by reduced inventories.The CO2 emissions across the value chain have been reduced by -56% (-44) compared to the 2015 base line, see page 8.The Board of Directors will propose a dividend for 2024 of SEK 1.00 per share (3.00) to the Annual General Meeting.

Strong cash flow during a challenging year

“In 2024, we accelerated our focus on executing the strategy and adapting the organization to drive efficiency and continued transformation. This enabled us to achieve significant cost savings, deliver strong cash flow, and implement a comprehensive product launch program for the 2025 season.

Challenging market conditions in the fourth quarter

The year’s challenging market situation continued into the fourth quarter, with subsequently lower consumer demand. The Group’s sales declined organically by 3% and the operating income, excluding items affecting comparability, amounted to SEK -694m (-168) for the fourth quarter.

In the Husqvarna Forest & Garden Division, organic growth was unchanged for the quarter, with growth in handheld and wheeled products, as well as in parts and accessories. Sales in the Gardena Division decreased, with growth for hand tools, while sales of watering products declined. In the Husqvarna Construction Division, sales declined in North America due to a continuation of the challenging market situation, however, our sales increased in Europe.

Strong cash flow and reduced net debt

For the full year 2024, operating income, excluding items affecting comparability, amounted to SEK 3.2bn (5.0). The decrease was due to lower sales volumes with higher promotional activities and a negative product mix. This was partly offset by good results from savings programs, which generated SEK 735m. Direct operating cash flow increased to SEK 6.9bn (6.5), driven by substantial inventory reductions. We have reduced net debt by SEK 1.2bn compared to last year. The Board will propose to the Annual General Meeting a dividend of SEK 1.00 (3.00) for the year, in line with our dividend policy, representing 32% of earnings per share excluding items affecting comparability, or 43% of earnings per share.

Improving results in North America

In recent years, the Husqvarna Forest & Garden Division has taken decisive actions to improve results in North America. Low-margin business has been discontinued and the production structure has been consolidated. We are now entering the next step where we divest our manufacturing facility in Orangeburg, SC, to Flex Ltd. In parallel, we have entered a long-term supplier agreement with Flex, to ensure continued production of the division’s wheeled products and assembly of handheld products in the US. This is a partnership that will build profitability, improve capital efficiency, enhance production flexibility and strengthen our competitiveness in North America. Related cost savings are expected to amount to SEK 350m by 2030 (see page 9).

Our strategic transformation continues

Our long-term transformation is about delivering value to customers, shareholders and employees through growth in the focus areas; robotic mowers, battery-powered products, watering and solutions for the professional market. Since 2021 we measure our progress through operational ambitions, including share of electrification, number of connected devices, and sales of robotic mowers. During the year, the share of electrified products reached 44% (42) of our sales of motorized products. Connected devices grew to 4.9 million (4.5). For robotic mowers, net sales amounted to SEK 7.2bn (8.1). We strengthened our position and grew in the professional robotics market. However, sales in the residential segment declined due to increased competition in the low-value segments, as well as restrained consumer spending, particularly for the high value segments. For the 2025 season, we have significantly expanded our range with new boundary wire-free robotic mowers.

As the current strategic period for the Group approaches its end, our focus remains firm – we are continuing to prioritize areas with profitable growth potential, and we will present an update of our strategy at a Capital Markets Day in the fourth quarter of 2025.

We deliver on our sustainability targets

Our ambition to electrify the product range is the main enabler to consistently reduce our carbon footprint. To date, we have reduced CO2 emissions (Scope 1, 2 and 3) by -56% compared with the base year of 2015. With that, we have exceeded our target of a -35% reduction by 2025. Work to reduce CO2 emissions is continuing and includes exploring alternative fuels for some of our products.

I would like to express my gratitude to all colleagues and business partners for their efforts and support during the year. Together, we will continue to focus on opportunities in the market, strengthen our position and aim to increase our profitability. Our cost-saving efforts are successful, and we are well prepared for the 2025 season, with a strong product range and many exciting launches for our customers.”

Pavel Hajman, CEO 

Webcast presentation and telephone conference

A webcast presentation of the Q4 report hosted by Pavel Hajman, CEO and Terry Burke, CFO will be held at 10:00 CET on February 5, 2025.

To view the presentation, please use the link: https://husqvarnagroup.creo.se/4f888317-fb0e-4ca4-9abd-4d677a0dda92

The dial-in to the telephone conference (in order to ask questions): +46 (0) 8 505 100 31 (Sweden) or +44 207 107 06 13 (UK) 

Dates for Financial Reports 2025

April 24           Interim report for January-March 2025
April 29           Annual General Meeting 2025
July 18            Interim report for January-June 2025
October 21      Interim report for January-September 2025

Contacts

Terry Burke, CFO and Executive Vice President, Finance, IR & Communication
+46 8 738 90 00

Johan Andersson, Vice President, Investor Relations
+46 702 100 451

Husqvarna AB (publ), P.O. Box 7454, SE-103 92 Stockholm
Regeringsgatan 28, +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 Markets Act. The information was submitted for publication, through the contact person set out above, at 07.00 CET on February 5, 2025 

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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SOURCE Husqvarna Group

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commercetools Recognized as a Top Performer with 24 Medals in the 2026 Paradigm B2B Combine Reports

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Independent analyst firm Paradigm B2B recognizes commercetools across all 24 categories evaluated in its 2026 Enterprise and Midmarket Combine reports.commercetools earns 24 medals, including 16 gold, in strategic categories including Vision & Strategy, Ability to Execute, Customer Service & Support and Site Search.Recognition reinforces commercetools’ continued innovation for B2B enterprises seeking to modernize digital commerce for the AI era.

BOSTON, July 20, 2026 /PRNewswire/ — commercetools, the global leader in autonomous commerce, today announced it has been recognized as one of the strongest-performing vendors in the 2026 Paradigm B2B Combine reports, earning recognition in every category evaluated in both the Enterprise and Midmarket editions.

Published annually by Paradigm B2B, the Combine reports evaluate leading B2B commerce platforms across product capabilities, strategy, execution and customer success. Unlike traditional analyst reports that rank vendors against one another, the Combine reports independently assess vendors across 12 individual strategic and product capability categories using 38 weighted criteria, customer feedback and in-depth product evaluations.

The approach enables organizations to assess vendors according to the capabilities that matter most to their business rather than relying on a single overall ranking. This year, commercetools earned 24 medals across the two reports, including 16 gold medals, receiving recognition in every category evaluated across both the Enterprise and Midmarket editions.

“Our B2B customers are navigating one of the biggest shifts digital commerce has experienced, as AI changes how businesses sell and how buyers purchase,” said Doug McNary, Chief Executive Officer at commercetools. “This recognition validates both the strength of our platform today and our commitment to helping enterprises modernize faster for the AI era and prepare for agentic and B2B autonomous commerce. We’re proud to be recognized not only for product innovation, but also for execution, customer success and long-term vision.”

The results reinforce commercetools’ strength across both strategic business capabilities, including vision, execution and customer success, and core commerce functionality spanning search, transaction management, promotions and integrations.

Among the most significant improvements this year was Site Search, where commercetools advanced from Bronze to Gold in both the Enterprise and Midmarket evaluations, reflecting continued investment in delivering faster, more intelligent product discovery experiences for complex B2B catalogs and buying journeys.

The recognition reflects commercetools’ continued investment in helping enterprises build AI-ready digital commerce architectures. Over the past year, the company has expanded its platform Sphere with innovations that reduce the commercial and technical barriers to enterprise commerce modernization, including:

commercetools for Builders: Enables enterprises to build production-grade B2B commerce experiences in days using AI-powered development tools.Commerce Integration Layer: Simplifies integrations across enterprise commerce ecosystems.Modular Commerce: Enables organizations to modernize one commerce capability at a time without undertaking a full replatform.

Together, these innovations help enterprises modernize incrementally while preparing for increasingly intelligent buying experiences and autonomous commerce operations.

To learn more about how commercetools supports B2B organizations and to download a copy of the Paradigm B2B Combine Digital Commerce Solutions (Enterprise Edition) report, please visit the commercetools Analyst Report Access Center.

About commercetools

commercetools provides the leading autonomous commerce platform, helping enterprises transform digital commerce for the AI era. Built API-native from the start and AI-first by design, our technology enables agentic shopping experiences, automates commerce operations and gives businesses the agility to modernize faster, innovate continuously and operate more intelligently.

More than 600 global brands, retailers and enterprise companies rely on commercetools to power their digital commerce. Together, they process more than €120 billion in annualized GMV, over 700 million orders and more than one billion customer records on our platform.

Media Contact: comms@commercetools.com

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SOURCE commercetools

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New AI Therapy That Maps Entire Brain Tumor, Plus Anesthesia Impact on Stroke Outcomes and Racial Disparity Findings to Debut at SNIS Annual Meeting, July 20 in Seattle

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SEATTLE, July 20, 2026 /PRNewswire/ — Neurointerventionalistswill debut an AI-guided technique that maps an entire brain tumor — not just a single feeding artery — to deliver targeted chemotherapy to every vessel supplying the cancer. The breakthrough will be presented as part of the 23rd Annual Meeting of the Society of NeuroInterventional Surgery (SNIS), July 20-24 at the Seattle Convention Center.

Abstracts on stroke recovery and functional outcomes, the impact of anesthesia choices during stroke treatment, and racial disparities in cerebrovascular care will be part of the more than 70 studies presented across four days.

Attendees will gain access to new research and technology, paired with expert-led education, to empower clinicians to provide the highest standard of care for patients across practice settings.

“The pace of innovation in neurointervention continues to accelerate,” said SNIS President Guilherme Dabus, MD. “The work our members are presenting this week — on tumors, stroke, anesthesia and equity — isn’t incremental. It’s the kind of science that resets the standard of care. At the SNIS Annual Meeting, the premier forum for scientific exchange in neurointervention, the conversations that begin here drive the progress that ultimately saves lives.”

Past SNIS President Joshua Hirsch, MD, FSNIS, will present the Grant Hieshima Luminary Lecture “Neurointervention at the Intersection of Innovation, Evidence and Policy.” Dr. Hirsch is an interventional neuroradiologist who spent his career at Massachusetts General Hospital and Harvard Medical School and will soon begin a new role as chair of the Department of Radiology at the Keck School of Medicine of USC. Hirsch brings 650+ peer-reviewed publications and a proven record of leading interdisciplinary neurointerventional programs.

The 23rd Annual Meeting will highlight dozens of promising research studies, with press releases available under embargo on the following abstracts:

Health Equity: Racial Disparities in Endovascular Thrombectomy Widen with Stroke Severity: A National Inpatient Sample AnalysisHealthy Equity: Reducing Inequalities in Stroke Events-hemorrhagic Disparities (RISE-HD): A 10-year Statewide Analysis of Social Determinants of Mortality in Hemorrhagic StrokeHealth Equity: Dual Pathways to Hemorrhagic Stroke Mortality Across the U.S. Stroke Belt: Rural Neurointerventional Isolation and Urban Structural VulnerabilityAnesthesia: Center-level Utilization of General Anesthesia for Mechanical Thrombectomy is Associated with Mortality, A Neurovascular Quality Initiative Registry StudyAI Breakthrough: From Single-Pedicle to Whole Tumor Coverage: AI-guided Multi-territory Super-selective Endovascular Infusion for Brain TumorsNew Technique: Bilateral Targeted Segmental Artery Lidocaine-dexamethasone Infusion for Refractory Thoracolumbar Pain: Preliminary ExperiencePre-Stroke Disability: Impact of Successful Reperfusion on Functional Outcomes After Thrombectomy in Patients with Pre-stroke Disability

Virtual attendees can stream sessions live, engage with presenters through real-time Q&A and interactive polling, and revisit recorded sessions on demand. All registered participants will have access to meeting content and recordings for several months following the Annual Meeting.

Registration: To register for press credentials (in-person and virtual options), please email cjewell@vancomm.com.

Interview: To schedule an interview with SNIS President Dr. Guilherme Dabus or other SNIS physicians, please contact Camille Jewell at cjewell@vancomm.com or 202-248-5460.

The Society of NeuroInterventional Surgery (SNIS) is a scientific and educational association dedicated to advancing the specialty of neurointerventional surgery through research, standard-setting, and education and advocacy to provide the highest quality of patient care in diagnosing and treating diseases of the brain, spine, head and neck. Visit www.snisonline.org and follow us on X (@SNISinfo) Facebook (@SNISOnline), LinkedIn (@Society of NeuroInterventional Surgery), Instagram (@SNIS_info) and Bluesky (@snisinfo.bsky.social‬).

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SOURCE Society of NeuroInterventional Surgery

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Alpaca and Broadridge Announce Governance Solution for Tokenized Securities

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Broadridge enables proxy voting, investor communications, and voting entitlement reconciliation across Alpaca’s platform

NEW YORK, July 20, 2026 /PRNewswire/ — Alpaca, a global leader in agent-first brokerage infrastructure, and global Fintech leader, Broadridge Financial Solutions Inc., (NYSE: BR), today announced the integration of Broadridge’s governance infrastructure for retail and institutional investors into Alpaca’s Instant Tokenization Network. The partnership brings shareholder governance capabilities including proxy voting, investor communications, voting entitlement reconciliation, and regulatory disclosures across traditional and tokenized equities, helping investors retain the rights, transparency, and protections they expect in traditional capital markets.

Tokenization has the potential to expand access to global capital markets, but it must preserve the investor protections that market participants already expect,” said Yoshi Yokokawa, Co-Founder and CEO of Alpaca. “Through our partnership with Broadridge, we’re combining modern tokenization infrastructure with trusted governance capabilities, enabling our partners to build tokenized investment products without compromising shareholder rights, regulatory compliance, or investor transparency.”

“Today’s announcement marks an important step forward in our goal of enabling the adoption of tokenized equities by ensuring that they are paired with institutional-grade governance capabilities regardless of where they are held or tokenized,” said Doug DeSchutter, President of Broadridge’s Investor Communication Solutions business. “For decades, Broadridge has invested in the platform that powers investor communications and shareholder engagement for more than 200 million retail and institutional investor accounts globally. We’re now bringing those same capabilities to tokenized equities—enabling accurate voting, specialized investor experiences, and regulatory disclosures.”

Alpaca will continue to provide the regulated brokerage infrastructure that supports the tokenization of equities, including custody and clearing services of the underlying asset. Broadridge complements the infrastructure with shareholder governance services, including proxy voting, investor communications, regulatory disclosures, and voting entitlement reconciliation. Together, the companies enable traditional and tokenized equities to support the ownership rights, transparency, and operational integrity expected in traditional markets.

As tokenized assets are issued and held across multiple blockchain networks and intermediaries, maintaining accurate shareholder records and voting entitlements becomes increasingly complex. Broadridge’s governance platform supports voting delivery and entitlement reconciliation for beneficial and registered holders of tokenized equities, ensuring investors receive required communications and can exercise their shareholder rights regardless of how their assets are held.

Key benefits include:

Institutional-grade proxy voting and shareholder communications for retail and institutional investors globallyConsistent and transparent governance capabilities for tokenized and traditional equitiesSingle platform for voting and regulatory disclosures for registered and beneficial holdersA unified operational view for brokers, custodians, corporate issuers, and funds

Institutional investors can integrate voting for tokenized equities into existing governance workflows and reporting, including voting choice programs, while retail investors can access eligible meetings through ProxyVote.com. The solution is supported by governance capabilities with the highest standards for auditability, accountability, and investor protection and designed to support compliance with applicable U.S. regulatory guidelines.

About Alpaca

Alpaca is a US-headquartered, self-clearing broker-dealer providing global agent-first brokerage infrastructure that powers access to traditional and on-chain asset classes. Today, Alpaca supports over 10 million brokerage accounts across hundreds of fintechs and institutions in more than 40 countries, backed by $400 million in funding. For more information, visit alpaca.markets.

About Broadridge’s Tokenization Solutions

Broadridge enables on-chain proxy voting and governance, digital asset infrastructure including post trade, wallets and custody, and the scaling of digital asset capabilities across multiple asset classes. Broadridge’s governance platform serves all models of tokenized securities, including issuer-listed models, synthetic securities issued outside the United States, and third-party tokenized shares within the Unted States, helping ensure investors receive the same rights and protections regardless of how assets are structured or owned.

Broadridge’s Distributed Ledger Repo (DLR) solution is the world’s largest institutional platform for settling tokenized real assets, tokenizing approximately over $357 billion a day. As tokenization gains momentum across financial services, Broadridge is meeting the complexity of operating across traditional and digital ecosystems with established scale, critical market knowledge, and technological expertise.

About Broadridge

Broadridge Financial Solutions (NYSE: BR) is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences. 

Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than $15 trillion of securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 15,000 associates in 21 countries.

For more information about us, please visit www.broadridge.com.

Broadridge Contacts:

Investors:
broadridgeir@broadridge.com

Media:
Gregg.Rosenberg@broadridge.com

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SOURCE Broadridge Financial Solutions, Inc.

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