Fact sheet

FS - Company presentation

Husqvarna Group is a global leading producer of outdoor power products for forest, park and garden care. Products include chainsaws, trimmers, robotic lawn mowers and ride-on lawn mowers.

The Group is also the European leader in garden watering products and a global leader in cutting equipment and diamond tools for the construction and stone industries. The Group´s poducts and solutions are sold under brands including Husqvarna, Gardena, McCulloch, Poulan Pro, Weed Eater, Flymo, Zenoah and Diamant Boart via dealers and retailers to consumers and professionals in more than 100 countries. Net sales in 2015 amounted to SEK 36 billion and the Group had more than 13,000 employees in 40 countries.

FS - Share information

Share information

FS - Financial goals

Financial goals

Medium-term, initiatives to improve the Group's operating margin will have higher priority than sales growth. As a consequence, the sales growth target was taken away in 2013. The Group now has three long-term financial goals.

Operating margin of more than 10% over the course of a business cycle.

Capital structure should meet criteria for the long-term credit rating corresponding to at least BBB. This is considered to require that seasonally-adjusted net debt in relation to EBITDA should not exceed a multiple of 2,5 in the long term.

The dividend shall normally exceed 40% of income for the year.

FS - Key data

Financial key figures

Key data
The Husqvarna Group, Key data 2013 2014 2) 2015
Net sales, SEKm 30,307 32,838 36,170
Gross margin, % 26.5 28.5 28.1
Operating income, SEKm 1,608 1,581 2,827
Operating income excl. items affecting comparability, SEKm 1,608 2,348 2,980
Operating margin, % 5.3 4.8 7.8
Operating income excl. items affecting comparability, % 5.3 7.2 8.2
Income for the period, SEKm 916 824 1,888
Earnings per share, SEK 1.6 1.43 1.43
Dividend per share, SEK 1.5 1.65 1.65
Return on capital employed, % 7.7 7.6 7.6
Operating income excl. items affecting comparability, % 7.7 11.1 13.1
Return on equity, % 8.1 6.7 6.7
Operating income excl. items affecting comparability, % 8.1 12.9 15.5
Capital turn-over rate, times 1.6 1.7 1.7
Operating cash flow, SEKm 1,813 1,425 1,668
Average number of employees, no 14,156 14,337 13,572
   
1) 2012 has been restated due to the amended IAS 19. The years prior to 2012 are not affected by the amendment.
2) 2014 has been restated due to a correction.

FS - Net sales by region

Net sales by geographical area

FS - Net sales by business area

Net sales by division

FS - Largest shareholders

Largest shareholders
As of September 30, 2016 Capital, % Votes, % Number of A-shares Number of B-shares
Investor 16.8% 32.9% 47,409,143 49,643,014
Lundbergföretagen AB 7.5% 25.0% 39,400,000 3,950,000
Didner & Gerge Funds 4.7% 2.7% 1,844,655 25,195,911
Swedbank Robur Funds 3.0% 1.1%   17,298,318
Lannebo Funds 2.5% 1.8% 1,500,000 12,994,050
AMF Insurance & Funds 2.0% 0.7%   11,773,225
Norges Bank 1.8% 1.5% 1,446,606 8,700,678
Second Swedish National Pension Fund 1.7% 0.6%   9,581,026
Handelsbanken Funds 1.7% 0.6%   9,534,023
If Skadeförsäkring AB 1.4% 3.8% 5,833,987 2,249,321
Total, 10 largest shareholders 43.1% 70.6% 97,434,391 150,919,566
Other shareholders 56.9% 29.4% 15,959,518 312,030,303
Total 100% 100% 113,393,909 462,949,869
   
Most of the shares owned by foreign investors are registered through trustees, which means that owner identity is not obtainable from VPC. Accordingly, the major foreign owners are not shown in the table above.
   
Source: Holdings/Euroclear as of 2016-12-30

FS - Contact information

Contact

Tobias Norrby
Investor Relations Manager
ir@husqvarnagroup.com
+46 8 738 93 35 

FS - Key data

Financial key figures

Key data
The Husqvarna Group, Key data 2013 2014 2) 2015
Net sales, SEKm 30,307 32,838 36,170
Gross margin, % 26.5 28.5 28.1
Operating income, SEKm 1,608 1,581 2,827
Operating income excl. items affecting comparability, SEKm 1,608 2,348 2,980
Operating margin, % 5.3 4.8 7.8
Operating income excl. items affecting comparability, % 5.3 7.2 8.2
Income for the period, SEKm 916 824 1,888
Earnings per share, SEK 1.6 1.43 1.43
Dividend per share, SEK 1.5 1.65 1.65
Return on capital employed, % 7.7 7.6 7.6
Operating income excl. items affecting comparability, % 7.7 11.1 13.1
Return on equity, % 8.1 6.7 6.7
Operating income excl. items affecting comparability, % 8.1 12.9 15.5
Capital turn-over rate, times 1.6 1.7 1.7
Operating cash flow, SEKm 1,813 1,425 1,668
Average number of employees, no 14,156 14,337 13,572
   
1) 2012 has been restated due to the amended IAS 19. The years prior to 2012 are not affected by the amendment.
2) 2014 has been restated due to a correction.

FS - Contact information

Contact

Tobias Norrby
Investor Relations Manager
ir@husqvarnagroup.com
+46 8 738 93 35