Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Husqvarna Sales Up 11% in First Half
Jul 20, 2009
 Printable format
 Email this Article
 Search
Husqvarna group sales rose 11% in the first half of 2009 to SEK 22,633 million (approx. US$2.921 billion), compared to 20,386 million (approx. US$2.631 billion) in the first half of 2008. Adjusted for acquisitions and changes in exchange rates, net sales declined in the first half by 9% and operating income decreased by 25%.

Sales in North America increased for the third consecutive quarter, while the Gardena-branded irrigation products had a strong quarter. Net sales for the second quarter increased by 11% to SEK 11,481 million (approx. US$1.482 billion). Adjusted for acquisitions and changes in exchange rates, net sales decreased by 7% and operating income declined by 16%.

Magnus Yngen, president and CEO of Husqvarna, says, “Overall, we strengthened our market position. Operating income for the quarter declined by 16%, but margin remained at a high level. The decline in operating income refers to lower volumes, particularly for Professional Products, as well as a less favorable product/country mix. Pricing in the quarter remained stable in both Europe and North America. Lower costs for materials also contributed positively to income. We are now seeing that implemented cost and capacity reductions are gradually starting to take effect. Cash flow showed a continued positive trend, and our efforts to reduce inventories and accounts receivables have paid-off."

Back to Daily News

 

Daily News

...........................................................

Aug 14, 2014: Electrolux In Talks to Acquire GE Appliances

Aug 14, 2014: June U.S. Cutting Tool Consumption Strongest of 2014

Aug 13, 2014: Manufacturing Technology Orders Up in June

Aug 13, 2014: Toshiba Appliance/Electronics Segment reports Higher 1Q Sales

Aug 12, 2014: Fagor Operations in Spain to Restart Under New Owner CNA

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows