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Investing.com -- Husqvarna AB on Friday reported solid second-quarter results with adjusted EBIT of SEK 2,041 million, up 7% year-over-year and 9% above consensus estimates, despite a slight 1% decline in net sales to SEK 15,277 million.
The Swedish outdoor power equipment manufacturer achieved 5% organic growth across its operations, with its robotic mowers segment growing 15% year-over-year, driven by strong uptake of boundary-wire-free models.
The company’s adjusted EBIT margin improved to 13.4% from 12.4% in the same period last year, demonstrating operational resilience amid macroeconomic uncertainty.
By division, Husqvarna Forest and Garden reported flat sales at SEK 8,701 million but achieved 5% organic growth with a stable margin of 13.3%.
The Gardena division saw sales increase 2% to SEK 4,668 million with 7% organic growth, while its margin expanded significantly to 17.5% from 15.2%, supported by strong demand for watering products and cost savings.
The Construction Division faced challenges with an 11% sales decline to SEK 1,871 million and 4% organic sales drop, particularly in North America.
Despite this, the division improved its margin to 12.7% from 9.7% through cost savings and favorable product mix.
In a leadership change, Glen Instone, currently President of Forest & Garden, will succeed Pavel Hajman as CEO on August 11.
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