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Husqvarna (HUSQ) investor relations material

Husqvarna Q2 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2025 earnings summary18 Jul, 2025

Executive summary

  • Glen Instone appointed as new CEO, effective August 11, 2025, succeeding previous leadership.

  • Q2 2025 delivered 5% organic sales growth, higher EBIT, and margin expansion across all divisions, led by robotics and watering products.

  • Innovation leadership reinforced by successful launches in robotic mowers and watering, supporting premium product focus.

  • Two out of three 2025 sustainability targets achieved, including 55% CO2 reduction and empowering 5.2 million people.

  • Macroeconomic uncertainty persists due to tariffs, geopolitical instability, and weak North American demand.

Financial highlights

  • Q2 2025 net sales SEK 15,277m (-1% year-over-year); organic growth +5%; operating income SEK 2,041m–2,063m; margin 13.4–13.5% (up from 12.3–12.4%).

  • Robotics and battery products contributed 22% of group sales, up from 20% year-over-year.

  • Inventory reduced by SEK 2.8–3.0bn year-over-year; net debt reduced by SEK 3.3bn to SEK 12.3bn.

  • Direct operating cash flow SEK 2,357m in Q2, down from SEK 3,917m last year.

  • Net debt/EBITDA ratio at 2.3 as of June 30, 2025.

Outlook and guidance

  • Market uncertainty expected to continue, especially in North America, due to tariffs, geopolitical instability, and currency fluctuations.

  • Further tariff pressure expected, with a net negative impact of €100 million in H2.

  • Focus on innovation, cost savings, operational efficiencies, and supply chain optimization to mitigate risks.

  • Prioritizing high-potential professional segments and sustainable value creation.

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Frequently asked questions

Husqvarna produces and sells outdoor power products, watering products, and cutting and surface preparation equipment. These products are marketed globally under the Husqvarna brand name. Innovation and functionality are at the core of Husqvarna products. Whether in the garden, on building sites or in landscape maintenance, Husqvarna's outdoor power products are built to be multifunctional and high quality. The company continuously work to offer new and innovative products through investments in research.

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