Husqvarna AB Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 20, 2023 at 01:00 am EDT
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Husqvarna AB (publ) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 10,512 million compared to SEK 12,206 million a year ago. Net income was SEK 125 million compared to SEK 270 million a year ago. Basic earnings per share from continuing operations was SEK 0.22 compared to SEK 0.47 a year ago. Diluted earnings per share from continuing operations was SEK 0.22 compared to SEK 0.47 a year ago.
For the nine months, sales was SEK 44,655 million compared to SEK 43,683 million a year ago. Net income was SEK 3,189 million compared to SEK 3,325 million a year ago. Basic earnings per share from continuing operations was SEK 5.59 compared to SEK 5.83 a year ago. Diluted earnings per share from continuing operations was SEK 5.56 compared to SEK 5.8 a year ago.
Husqvarna AB is a Sweden-based company engaged in the development, manufacture and marketing of outdoor power products, consumer watering products, cutting equipment and diamond tools for construction and stone industries. The Companyâs product offering includes robotic lawn mowers, garden tractors, chainsaws and trimmers. The Companyâs operations are divided into three business areas: the Europe and Asia/Pacific business area sells forest, park and garden products to retailers and dealers in Europe and Asia/Pacific; the Americas business area sells forest, park and garden products to retailers and dealers on the American continents, and the Construction business area sells light construction products for cutting, drilling, polishing and demolition of hard materials. The Companyâ subsidiaries include, among others, Husqvarna Australia Pty. Limited, Husqvarna Finance Belgium SA, Husqvarna Belgium SA and Koubachi AG.
HUSQVARNA AB 
