Company overview

Husqvarna Group is a world leading producer of outdoor power products including chainsaws, trimmers, robotic lawn mowers and garden tractors.

The Group is also the European leader in garden watering products and a world 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 end-customers in more than 100 countries.

Husqvarna was founded in 1689. The head office is located in Stockholm, and the share is listed on the Nasdaq Stockholm Exchange (HUSQ A and HUSQ B). Net sales in 2014 amounted to SEK 33 billion, and the Group had more than 14,000 employees in 40 countries.

Key data
The Husqvarna Group, Key data 1) 2005 2006 2007 2008 2009 2010 2011 2012 2) 2013 2014
Net sales 28,768 29,402 33,284 32,342 34,074 32,240 30,357 30,834 30,307 32,838
Gross margin 26.6 27 29.4 29 25.4 28.5 27.7 26.9 26.5 28.5
Operating income 2,927 3,121 3,564 2,361 1,560 2,445 1,551 1,675 1,608 1,581
Operating margin 10.2 10.6 10.7 7.3 4.6 7.6 5.1 5.4 5.3 4.8
Income for the period 1641 1862 2036 1288 903 1749 997 1027 916 824
Earnings per share 3) 3.59 4.08 4.46 2.81 1.64 3.03 1.73 1.78 1.6 1.43
Dividend per share - 1.16 1.5 0 1 1.5 1.5 1.5 1.5 1.65
Return on capital employed 24.1 23.8 17.6 10.7 6.6 11 7.4 7.4 7.7 7.6
Return on equity 40.1 32.5 28.6 15.8 7.5 13.9 8 8.8 8.1 6.7
Capital turn-over rate 2.6 2.4 1.8 1.5 1.6 1.7 1.6 1.5 1.6 1.7
Operating cash flow 949 535 1,843 2,013 3,737 962 -472 1,144 1,813 868
Average number of employees 11,681 11,412 16,093 15,720 15,030 14,954 15,698 15,429 14,156 14,337
   
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.