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 AB 2Q Net Sales Up 8%
Aug 12, 2014
 Printable format
 Email this Article
 Search

Global outdoor power equipment producer Husqvarna AB said net sales in the second quarter of 2014 increased 8% to SEK 11,045 million (approx. US$1,605 million), up from SEK 10,227 million in the second quarter of 2013. After exchange rate adjustments, net sales were up 7%.

Operating income in 2Q 2014 was up 35% to SEK 1,384 million, from SEK 1,022 million in 2Q 2013. Sales and operating income were higher for all business areas.

"Europe benefitted from positive weather conditions in the second quarter, while North America was challenged by a late spring and high trade inventory situation entering the quarter," said Kai Wärn, Husqvarna President and CEO.

In the Americas, Wärn said operating profit was up 41% to SEK 220 million and the operating margin rose to 5.0% (from 3.7%).

In Europe & Asia/Pacific operating income rose 38% to SEK 1,101 million. Operating margin recovered to 19.1% (from 15.5%), primarily from higher sales volume, from good development within core brands Husqvarna and Gardena, and from development of prioritized product areas like robotic lawn mowers and watering equipment.

A large share of the result improvement is attributable to activities in our Accelerated Improvement Program. The positive signs in the first quarter have all trended into the second quarter; the reduction of direct material costs is sustained and we are driving favorable mix by prioritizing our premium brands and product leadership areas, as well as growth in the dealer channel, especially in the U.S.

Back to Daily News

 

Daily News

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

Sep 12, 2014: AHRI Suggests Changes to EPA on Proposed SNAP Amendment

Sep 12, 2014: Consumer Confidence Index Up in August

Sep 12, 2014: August 2014 Housing Starts in Canada

Sep 11, 2014: Middleby Acquires Commercial Coffee Machine Producer Concordia

Sep 11, 2014: Electrolux Again Ranked Industry Leader in the Dow Jones Sustainability World Index

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 | Plastics Today | Powder Bulk Solids | Canon Trade Shows