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Edge16 Aug 2024
The Småland Spirit: How Rural Sweden Birthed Giants Like IKEA
Discover how The Småland Spirit turned a historically poor region into a hub of industrial success, spawning success stories like IKEA and Husqvarna.
Husqvarna
Husqvarna (HUSQ) investor relations material
Husqvarna Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary21 Oct, 2026
Executive summary
Q3 net sales were SEK 9,012m, down 2% reported and 5% organically; operating income excluding IAC was SEK -246m, while free operating cash flow was SEK 2,422m.
Weak European demand and drought weighed on results; North America continued to grow across all three divisions, with Gardena Watering providing an additional offset.
Lower volumes, inventory reductions and cost inflation pressured profitability; cost savings, asset-light initiatives and debt reduction continued.
Financial highlights
Q3 EBIT bridge included volume/mix of -SEK 470m, cost inflation of -SEK 315m and cost savings of +SEK 305m; operating income excluding IAC was SEK -246m versus SEK 140m.
Jan-Sep operating income excluding IAC was SEK 3,421m, down 9% YoY; savings of SEK 935m partly offset volume/mix headwinds of SEK 785m.
Q3 EBITDA was SEK 426m versus SEK 882m; free operating cash flow was SEK 2,422m versus SEK 2,423m. Jan-Sep free operating cash flow was SEK 4,891m versus SEK 4,743m.
Q3 net income was SEK -404m versus SEK -10m, and diluted EPS was SEK -0.70 versus SEK -0.02; Q3 gross margin was 24.9% versus 28.0%.
Jan-Sep results included SEK 240m of IEEPA-related tariff refunds in COGS; paid tariffs had a negative SEK 85m YoY effect on operating income.
Outlook and guidance
FY cost inflation is expected at SEK 900m–SEK 1bn, with roughly two-thirds from raw materials and one-third from logistics; Middle East-related inflation is expected to total SEK 350–400m in 2026, with SEK 250m carrying into 2027.
FY 2026 savings are expected to exceed SEK 1bn; the program targets SEK 3bn by end-2028 within a full program exceeding SEK 4bn by 2030.
Targeted pricing, supply-chain actions and product-cost optimization are expected to partly offset cost pressures; near-term headwinds are expected to persist.
Q4 is seasonally the smallest sales quarter, with a shift toward handheld products from lawn care and lower-than-normal inventory buildup expected.
An update on the Gardena Powered Garden strategic review is targeted for early 2027; selective pricing is expected to produce a small net increase for the 2027 season.
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Latest events from Husqvarna
- A SEK 1.50 dividend and new board and share-issue mandates were approved.HUSQ
AGM 2014 - A SEK 3.00/share dividend and acquisition-related share authorization were approved.HUSQAGM 2022
- Q2 2026 sales fell 6% but margin, cash flow, and cost savings improved amid European weakness.HUSQQ2 2026
- 2% organic sales growth and 10% EBIT increase, with margin up to 12.3% and EPS up 21% year-over-year.HUSQQ1 2026
- Organic sales up 1%, margin 6.2%, cost savings and new strategy drive 2026-2030 growth.HUSQQ4 2025
- SEK 4 billion cost-out and new targets drive profitable growth, robotics, and sustainability focus.HUSQCMD 2025
- Sales and margins fell in Q3, but robotics and battery segments showed strategic growth.HUSQQ3 2024
- Sales fell 6% in Q2, but cost savings and robotics growth supported margins and cash flow.HUSQQ2 2024
- Strong cash flow and cost savings offset lower sales; strategic moves support future growth.HUSQQ4 2024
Next Husqvarna earnings date
Q4 20263 Feb, 2027
Husqvarna
Next Husqvarna earnings date
Q4 20263 Feb, 2027
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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.