Auditors

expand_less External auditors

The KPMG AB audit firm was appointed as auditor by the 2025 Annual General Meeting, for a mandat period of one year.

The audit firm has announced its appointment of Joakim Thilstedt, Authorized Public Accountant, as lead auditor for the audit.

Joakim Thilstedt is also the auditor for Indutrade, LKAB, Sveaskog and Telia Company. He owns no shares in the company.

Husqvarna maintains a function for internal audit that reports directly to the Audit Committee and the Chief Financial Officer.

The Internal Audit function supports the development and improvement of internal control over financial reporting. Internal Audit works according to an internal audit plan that is approved by the Board and conducts independent and objective audit engagements in order to evaluate and enhance the efficiency of internal controls, including internal control over financial reporting.

In accordance with the Swedish Companies Act, the Board annually appoints an Audit Committee whose primary responsibilities are to (a) monitor the Company’s financial reporting, (b) oversee the effectiveness of the Company’s internal control, internal audit and risk management functions as they relate to financial reporting, (c) review and supervise the Company’s external auditors’ impartiality and independence, and (d) when applicable, assist in the preparation of proposals for the AGM’s election of auditors. The Audit Committee may also exercise any other powers and carry out any other responsibilities delegated to it by the Board from time to time. The Board has adopted a charter for the Audit Committee, which is periodically updated and approved by the Board.

The Board determines the composition of the Audit Committee, which shall have at least two members, none of whom may be employed by the Company and a majority of whom shall be independent in relation to the Company and its executive management. At least one of the members who is independent in relation to the Company and its executive management shall also be independent in relation to the Company’s major shareholders. At least one of the members of the Audit Committee must have auditing or accounting competence. The Board appoints the Committee members annually at the Statutory Board Meeting or when a Committee member needs to be replaced.

The Audit Committee members appointed in April 2025 were Ingrid Bonde (Chair), Daniel Nodhäll and Torbjörn Lööf. Audit Committee meetings are also attended by the Company’s internal auditor, by the General Counsel, who keeps the minutes of the meetings, the Company’s CFO, and the external auditors. Other members of Group Management are invited periodically to report on specific matters as relevant. The Audit Committee regularly reports on its findings and recommendations to the full Board.

In 2025, the Audit Committee held six meetings, which fulfils its own charter rule that it shall meet at least four times per year. The Audit Committee meetings follow an adopted agenda plan, which includes a review of open issues, a treasury and tax update, and an internal audit update. The Audit Committee also reviews the Company’s Interim Reports and Boards’ Report before they are submitted to the Board. The Committee meets frequently with the Company’s external auditors who deliver reports on the audit. It also reviews the Company’s compliance work and litigation activities on a quarterly basis.