Latest news with #Husqvarna
Mid East Info
2 days ago
- Business
- Mid East Info
Asia Forestry & Garden Machinery & Tools Fair 2025: Leading the Way in Global Green Innovation
Asia Forestry & Garden Machinery & Tools Fair, formerly known as Guangzhou International Garden Machinery and Horticultural Tools Fair (GMF), was founded in 2008 and has successfully hosted 15 sessions. Over the years, it has attracted participation from over 2,000 renowned brand enterprises such as Steele, Husqvarna, Makita, EMAK, Hua sheng, Maruyama, and Yongjia, serving more than 300,000 professional visitors worldwide. With the continual advancement of globalization strategies, the forestry equipment, garden machinery, and garden tools industry has experienced rapid growth. To better support business cooperation and product promotion, GMF has been officially upgraded and renamed as the Asia Forestry & Garden Machinery & Tools Fair, establishing itself as one of Asia's premier trade platforms. Review of GMF 2024 The Asia Forestry & Garden Machinery & Tools Fair 2024 (originally the 15th GMF) took place at the Guangzhou Canton Fair Complex from May 10th to 12th, 2024, attracting 48,315 visitors. Over 200 renowned enterprises, including Husqvarna, Shengelia, Hunter, King Rain Irrigation, Zhan Jiang Beyond, and many more, showcased their innovations and products. Highlights included interactive demonstrations, business matching sessions, and specialized forums, creating an energetic and productive environment. GMF 2025 Highlights Expo Name: The 16th Asia Forestry & Garden Machinery & Tools Fair (GMF 2025) Expo Date: August 21st – 23rd, 2025 Expo Venue: Guangzhou International Sourcing Centre Complex, Pazhou, Guangzhou, China Number of Exhibitors: 300 enterprises Expected Audience: Over 40,000 professional buyers and visitors from more than 60 countries and regions. Featuring cutting-edge technologies and sustainable gardening solutions. Concurrent Events – Landscape Expo Asia 2025 – Asia Flower Expo 2025 These concurrent events create synergy, enhancing business opportunities across multiple related industries. Media Interaction Pre-Expo: Strategic partnerships with over 500 diverse media platforms, ensuring extensive global reach. During Expo: Live coverage and interactive sessions with 30+ mainstream media outlets. Post-Expo: Comprehensive summary reports covered by over 300 media partners.
Yahoo
5 days ago
- Business
- Yahoo
Husqvarna AB (HSQVY) Q2 2025 Earnings Call Highlights: Strong Growth in Robotics and Debt Reduction
Organic Sales Growth: 5% for the group, driven by Husqvarna Forest and Garden and Gardena divisions. Operating Income: Increased by 7% to SEK2,041 million, with a 1% point margin improvement. Direct Operating Cash Flow: SEK2.4 billion in the second quarter. Net Debt Reduction: Reduced by SEK3.3 billion compared to the same period last year. Robotics and Battery Sales: 22% of group sales, up from 20% on a 12-month rolling basis. Husqvarna Forest and Garden Division: 5% organic sales growth and 13.3% operating margin. Gardena Division: 7% organic sales growth and 17.5% operating margin. Construction Division: 4% organic sales decline, but improved operating margin to 12.7%. Inventory Reduction: Reduced by close to SEK3 billion compared with last year. Net Debt/EBITDA Ratio: Improved to 2.3% from 2.5% at the start of the year. Currency and Tariff Impact: Negative currency impact of SEK125 million and tariff impact of SEK65 million in the quarter. Warning! GuruFocus has detected 9 Warning Signs with HSQVY. Release Date: July 18, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Positive Points Husqvarna AB (HSQVY) reported a 5% organic growth in net sales for the second quarter of 2025, driven by strong performance in the Forest and Garden and Gardena divisions. The company achieved a 7% increase in group operating income, with an improved EBIT margin across all three divisions. Robotic mowers and watering products showed strong performance, contributing significantly to the company's growth. Husqvarna AB (HSQVY) successfully reduced its net debt by SEK3.3 billion compared to the same period last year. The company made significant progress on its sustainability agenda, achieving two out of three sustainable targets, including a 55% reduction in CO2 emissions. Negative Points The macroeconomic environment remains uncertain, with ongoing trade tariffs, geopolitical instability, and currency fluctuations impacting the company. North America continues to be a challenging market, with lower sales and operating income across all three divisions. The company faced a negative currency effect of SEK125 million and a negative price impact of SEK160 million in the quarter. The Construction division experienced a 4% decline in organic sales, primarily due to weak market conditions in North America. Despite strong growth in the robotic segment, the company faced intense competition and aggressive pricing, particularly in the entry-level segment. Q & A Highlights Q: Can you confirm whether the market for robotic mowers grew faster than Husqvarna's 14% growth, and was there a pipeline fill impacting this growth? A: The market has grown, particularly in the pro segment where Husqvarna maintains market leadership. In the mid-market and entry segments, the market grew larger than Husqvarna's growth. The retail pilot is still marginal and not significantly impacting sales figures. Q: Given the price adjustments in the lower end of the robotic mower category, will Husqvarna continue to invest in this segment despite price headwinds? A: Husqvarna remains committed to the entry-level segment as a premium brand, ensuring brand value and reliability. The company leverages synergies across its product range and has no intention of exiting the entry-level segment, which complements the Gardena watering range. Q: Are dealers in Europe increasingly multi-sourcing robotic mowers, and how does Husqvarna plan to address competition from Asian manufacturers? A: While competition is increasing, Husqvarna's core dealer network remains loyal, and the company continues to focus on R&D and innovation. Some dealers carrying other brands may introduce new entrants, but Husqvarna's sales growth indicates strong dealer trust. Q: What is the current share of boundary wire-free robotics within residential sales? A: The share of boundary wire-free robotics in residential sales has increased to 75% in value, indicating strong consumer preference for these products. Q: Has there been any pre-buying in the US due to tariffs, and what is the expected impact of tariffs in the second half of the year? A: There has been no significant pre-buying due to tariffs. Husqvarna expects a net negative impact of SEK100 million from tariffs in the second half of the year, despite mitigation efforts such as price increases and supply chain adjustments. Q: What factors contributed to the 4% sales decline in the construction division, and how did different regions perform? A: The sales decline in the construction division was primarily due to weak performance in North America, partially offset by stable growth in Europe and other regions. Q: At what point does it make sense to start producing robotic mowers locally in North America? A: While Husqvarna is pleased with the growth of its robotics business in North America, significant volume increases would be needed before considering local production. Current production in Europe is beneficial due to tariff considerations. Q: How does Husqvarna view the profitability of its robotics segment, particularly in the entry-level category? A: The robotics segment is margin accretive in the mid, premium, and professional categories but faces profitability challenges in the entry-level segment due to aggressive pricing competition. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
6 days ago
- Business
- Yahoo
Husqvarna reworking supply chain to offset tariffs, CEO says
By Jesus Calero (Reuters) -Sweden's Husqvarna is reworking its supply chain to lessen the blow from global trade tensions as the U.S. considers steep hikes in tariffs on European imports, the company's CEO Pavel Hajman told Reuters. Around two-thirds of Husqvarna's U.S. sales are tied to imported products, with roughly half of those coming from Europe and the rest from China and other countries. "We are, of course, worse off because we have two-thirds being imported into the U.S., irrespective of whether it's China or Europe," Hajman said. U.S. tariffs on EU goods currently stand at 10%, but the White House has floated the idea of raising them to as high as 30%. Hajman said such a move would not be good for Husqvarna and urged a constructive dialogue between Washington and Brussels. The group is increasingly concerned that Europe could be pulled deeper into Washington's trade clampdown, putting Husqvarna at risk on both its Asian and European supply routes. To cushion the impact, Husqvarna has started shifting production of certain products out of China into its European factories. It is also rerouting some Canada-bound goods away from U.S. distribution hubs to avoid getting caught in the crossfire from the Washington-Ottawa trade friction. Hajman said the company is working with suppliers on price negotiations to soften the impact of tariff-related cost inflation. The tariffs have come on top of other margin headwinds which the company is facing, including currency swings and rising raw material costs. In response, Husqvarna implemented measures including plant closures and focusing on higher-margin products like watering systems and robotic mowers. Husqvarna's robotic mower sales grew 15% in the quarter even as competition from emerging Chinese rivals intensifies.
Reuters
6 days ago
- Business
- Reuters
Husqvarna reworking supply chain to offset tariffs, CEO says
July 18 (Reuters) - Sweden's Husqvarna ( opens new tab is reworking its supply chain to lessen the blow from global trade tensions as the U.S. considers steep hikes in tariffs on European imports, the company's CEO Pavel Hajman told Reuters. Around two-thirds of Husqvarna's U.S. sales are tied to imported products, with roughly half of those coming from Europe and the rest from China and other countries. "We are, of course, worse off because we have two-thirds being imported into the U.S., irrespective of whether it's China or Europe," Hajman said. U.S. tariffs on EU goods currently stand at 10%, but the White House has floated the idea of raising them to as high as 30%. Hajman said such a move would not be good for Husqvarna and urged a constructive dialogue between Washington and Brussels. The group is increasingly concerned that Europe could be pulled deeper into Washington's trade clampdown, putting Husqvarna at risk on both its Asian and European supply routes. To cushion the impact, Husqvarna has started shifting production of certain products out of China into its European factories. It is also rerouting some Canada-bound goods away from U.S. distribution hubs to avoid getting caught in the crossfire from the Washington-Ottawa trade friction. Hajman said the company is working with suppliers on price negotiations to soften the impact of tariff-related cost inflation. The tariffs have come on top of other margin headwinds which the company is facing, including currency swings and rising raw material costs. In response, Husqvarna implemented measures including plant closures and focusing on higher-margin products like watering systems and robotic mowers. Husqvarna's robotic mower sales grew 15% in the quarter even as competition from emerging Chinese rivals intensifies.
Yahoo
6 days ago
- Business
- Yahoo
Husqvarna reworking supply chain to offset tariffs, CEO says
By Jesus Calero (Reuters) -Sweden's Husqvarna is reworking its supply chain to lessen the blow from global trade tensions as the U.S. considers steep hikes in tariffs on European imports, the company's CEO Pavel Hajman told Reuters. Around two-thirds of Husqvarna's U.S. sales are tied to imported products, with roughly half of those coming from Europe and the rest from China and other countries. "We are, of course, worse off because we have two-thirds being imported into the U.S., irrespective of whether it's China or Europe," Hajman said. U.S. tariffs on EU goods currently stand at 10%, but the White House has floated the idea of raising them to as high as 30%. Hajman said such a move would not be good for Husqvarna and urged a constructive dialogue between Washington and Brussels. The group is increasingly concerned that Europe could be pulled deeper into Washington's trade clampdown, putting Husqvarna at risk on both its Asian and European supply routes. To cushion the impact, Husqvarna has started shifting production of certain products out of China into its European factories. It is also rerouting some Canada-bound goods away from U.S. distribution hubs to avoid getting caught in the crossfire from the Washington-Ottawa trade friction. Hajman said the company is working with suppliers on price negotiations to soften the impact of tariff-related cost inflation. The tariffs have come on top of other margin headwinds which the company is facing, including currency swings and rising raw material costs. In response, Husqvarna implemented measures including plant closures and focusing on higher-margin products like watering systems and robotic mowers. Husqvarna's robotic mower sales grew 15% in the quarter even as competition from emerging Chinese rivals intensifies.
