Company overview

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 products 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.

Husqvarna was founded in 1689. The head office is located in Stockholm, and the share is listed on Nasdaq Stockholm (HUSQ A and HUSQ B). Net sales in 2015 amounted to SEK 36 billion, and the Group had more than 13,000 employees in 40 countries.

Key data
The Husqvarna Group, Key data 1) 2006 2007 2008 2009 2010 2011 2012 2) 2013 2014 2015
Net sales 29,402 33,284 32,342 34,074 32,240 30,357 30,834 30,307 32,838 36,170
Gross margin 27 29.4 29 25.4 28.5 27.7 26.9 26.5 28.5 28.1
Operating income 3,121 3,564 2,361 1,560 2,445 1,551 1,675 1,608 1,581 2,827
Operating margin 10.6 10.7 7.3 4.6 7.6 5.1 5.4 5.3 4.8 7.8
Excl. Items affecting comparability 10.6 10.7 7.3 4.6 7.6 5.1 5.4 5.3 7.2 8.2
Income for the period 1862 2036 1288 903 1749 997 1027 916 824 1888
Earnings per share 3) 4.08 4.46 2.81 1.64 3.03 1.73 1.78 1.6 1.43 3.28
Dividend per share 1.16 1.5 0 1 1.5 1.5 1.5 1.5 1.65 1.65
Return on capital employed 23.8 17.6 10.7 6.6 11 7.4 7.4 7.7 7.6 12.4
Excl. Items affecting comparability                 11.1 13.1
Return on equity 32.5 28.6 15.8 7.5 13.9 8 8.8 8.1 6.7 14.6
Excl. Items affecting comparability                 12.9 15.5
Capital turn-over rate 2.4 1.8 1.5 1.6 1.7 1.6 1.5 1.6 1.7 1.7
Operating cash flow 535 1,843 2,013 3,737 962 -472 1,144 1,813 1,425 1,668
Average number of employees 11,412 16,093 15,720 15,030 14,954 15,698 15,429 14,156 14,337 13,572
   
1) Key data for 2004 are combined financial statements, 2005 is pro forma.
2) 2012 has been restated due to the amended IAS 19. The years prior to 2012 are not affected by the amendment.
3) Number of shares 2006-2008 have been restated for the rights issue made in 2009. Number of shares 2006 have been restated for the bonus issue made in 2007.