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Husqvarna

News

Reuters - 3 days ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Equinor, Lufthansa and SMA Solar entries. Nov 22 (Reuters) - Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of August: BANKS * DNB DNB.OL : The Norwegian lender said in September it would cut the equivalent of 500 full-time jobs over the next six months, as it prepares for lower interest
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Reuters - 1 week ago

Husqvarna Proposes Torbjörn Lööf As Board Chair

BRIEF-Husqvarna Proposes Torbjörn Lööf As Board Chair Nov 14 (Reuters) - Husqvarna AB HUSQb.ST : TORBJÖRN LÖÖF PROPOSED AS NEW CHAIR OF THE BOARD OF HUSQVARNA AB TOM JOHNSTONE DECLINES RE-ELECTION AS CHAIR OF BOARD OF HUSQVARNA AB Source text: ID:nWkr3Vhm1P Further company coverage: [HUSQb.ST] (Gdansk Newsroom)
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Reuters - 3 weeks ago

European companies cut jobs as economy sputters

FACTBOX-European companies cut jobs as economy sputters Adds Santander, Michelin, Schaeffler, Auchan, Husqvarna, Mondi, Syensqo Nov 5 (Reuters) - Difficult economic conditions and persistently weak demand for many products have forced companies across Europe to freeze hiring or cut jobs. Here are some of the layoffs announced since the start of August: BANKS * DNB DNB.OL : The Norwegian lender said in September it would cut the equivalent of 500 full-time jobs over the next six months, as it pre
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Reuters - 4 weeks ago

Glencore, Knaus Tabbert, LSE

EUROPE RESEARCH ROUNDUP- Glencore, Knaus Tabbert, LSE Oct 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Glencore, Knaus Tabbert and LSE, on Monday. HIGHLIGHTS * Glencore Plc GLEN.L : HSBC raises to buy from hold * Knaus Tabbert AG KTAG.DE : Jefferies cuts to hold from buy * LSE LSEG.L : RBC raises target price to 11,600p from 11,000p * Suzano SUZB3.SA : HSBC raises to buy from hold * Veolia VIE.PA : RBC initiates coverage with
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Reuters - 1 month ago

Husqvarna rises after slightly better-than-expected Q3, cost cutting measures

BUZZ-Husqvarna rises after slightly better-than-expected Q3, cost cutting measures ** Shares in Husqvarna HUSQb.ST rise 4.2% after Swedish gardening equipment and tools maker posted slightly better-than-expected Q3 results, and announced further cost-cutting measures due to constrained consumer spending ** The company said in a statement cost-cutti
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Reuters - 1 month ago

Sweden's Husqvarna to cut more costs, jobs due to weak consumer spending

UPDATE 2-Sweden's Husqvarna to cut more costs, jobs due to weak consumer spending Adds background on demand in paragraph 2 and details on previous job cuts, employees in paragraphs 5-7 COPENHAGEN, Oct 23 (Reuters) - Sweden's Husqvarna HUSQb.ST , which makes garden equipment and tools, said on Wednesday it would further cut costs due to constrained consumer spending, a move that will impact around 400 jobs and result in savings of around 500 million crowns ($47.4 million) annually.
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Reuters - 1 month ago

Husqvarna Q3 Organic Sales Fall By 4%

BRIEF-Husqvarna Q3 Organic Sales Fall By 4% Oct 23 (Reuters) - Husqvarna AB HUSQb.ST : IN Q3, WE DELIVERED GROWTH IN OUR STRATEGIC FOCUS AREAS ROBOTIC MOWERS AND BATTERY-POWERED PRODUCTS, AS WELL AS A STRONG CASH FLOW ORGANIC SALES IN GARDENA DIVISION DECREASED BY 8%, WITH GOOD PERFORMANCE FOR HAND TOOLS AND BATTERY-POWERED PRODUCTS ORGANIC SALES I
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Reuters - 1 month ago

Sweden's Husqvarna to cut more costs, jobs

Sweden's Husqvarna to cut more costs, jobs COPENHAGEN, Oct 23 (Reuters) - Swedish garden equipment and tools maker Husqvarna HUSQb.ST said on Wednesday it was initiating new cost cuts that would impact around 400 jobs across the group, and result in savings of around 500 million crowns ($47.43 million) annually. ($1 = 10.5419 Swedish crowns) Report
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Reuters - 1 month ago

Husqvarna Expects Cost Reductions To Impact 400 Jobs

BRIEF-Husqvarna Expects Cost Reductions To Impact 400 Jobs Oct 23 (Reuters) - Husqvarna AB HUSQb.ST : MEASURES EXPECTED TO SAVE SEK 500M PER YEAR, IMPACT 400 POSITIONS GROUP INITIATES FURTHER COST REDUCTIONS AND PROFITABILITY INITIATIVES NON-RECURRING COSTS ESTIMATED AT SEK 600M TO BE RECOGNIZED IN Q4 MAJORITY OF COST SAVINGS TO BE REALIZED IN 2025
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Reuters - 1 month ago

Husqvarna Group Appoints Maha Elkharbotly As President Of The Gardena Division

BRIEF-Husqvarna Group Appoints Maha Elkharbotly As President Of The Gardena Division Oct 18 (Reuters) - Husqvarna AB HUSQb.ST : HUSQVARNA GROUP APPOINTS MAHA ELKHARBOTLY AS PRESIDENT OF THE GARDENA DIVISION Source text for Eikon: ID:nPn5MnrBCa Further company coverage: [HUSQb.ST]
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Reuters - 2 months ago

ASOS, JTC, London Stock Exchange

EUROPE RESEARCH ROUNDUP-ASOS, JTC, London Stock Exchange Sept 19 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including ASOS, JTC and London Stock Exchange, on Thursday. HIGHLIGHTS * ASOS Plc ASOS.L : HSBC cuts to reduce from hold * JTC Plc JTC.L : RBC raises target price to 1,100p from 980p * London Stock Exchange LSEG.L : HSBC raises target price to 10,000p from 9,400p * Nordic Semiconductor ASA NOD.OL : Barclays cuts target price to NOK
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Reuters - 3 months ago

Husqvarna drops after it warns on Q3 sales and profit

BUZZ-Husqvarna drops after it warns on Q3 sales and profit ** Shares in Husqvarna HUSQb.ST fall 4.3% after the Swedish gardening equipment and tools maker said late on Tuesday it expected a 5% decline in its Q3 organic sales ** It cites challenging market conditions and restrained consumer spending, while the end of the gardening season means retai
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Reuters - 3 months ago

Husqvarna warns of Q3 sales drop, no profit, due to weak consumer spending

UPDATE 1-Husqvarna warns of Q3 sales drop, no profit, due to weak consumer spending Adds quote in paragraph 3, detail from statement in paragraphs 1, 2, 5, share price in final paragraph, COPENHAGEN dateline COPENHAGEN, Sept 10 (Reuters) - Sweden's Husqvarna HUSQb.ST expects a 5% decline in its third quarter organic sales compared with last year and an operating result around zero due to challenging market conditions and restrained consumer spending, the company said late on Tuesday.
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Reuters - 3 months ago

Husqvarna warns of Q3 sales drop, no profit, due to weak consumer spending

UPDATE 1-Husqvarna warns of Q3 sales drop, no profit, due to weak consumer spending Adds quote in paragraph 3, detail from statement in paragraphs 1, 2, 5, share price in final paragraph, COPENHAGEN dateline COPENHAGEN, Sept 10 (Reuters) - Sweden's Husqvarna HUSQb.ST expects a 5% decline in its third quarter organic sales compared with last year and an operating result around zero due to challenging market conditions and restrained consumer spending, the company said late on Tuesday.
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Reuters - 3 months ago

Sweden's Husqvarna sees decline in third quarter organic sales

Sweden's Husqvarna sees decline in third quarter organic sales Sept 10 (Reuters) - Sweden's Husqvarna HUSQb.ST said on Tuesday it expects a 5% decline in its third quarter organic sales due to restrained consumer spending. The garden equipment and tools maker saw a slump of 9% in last quarter sales and has now accelerated its cost savings programs.
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Reuters - 3 months ago

Husqvarna Group Says Organic Sales For Q3 Are Expected To Decline By Approx 5%

BRIEF-Husqvarna Group Says Organic Sales For Q3 Are Expected To Decline By Approx 5% Sept 10 (Reuters) - Husqvarna AB HUSQb.ST : CHALLENGING MARKET CONDITIONS CONTINUE TO IMPACT HUSQVARNA GROUP'S FINANCIAL PERFORMANCE IN THE THIRD QUARTER HUSQVARNA AB - ORGANIC SALES FOR Q3 ARE EXPECTED TO DECLINE BY APPROXIMATELY 5% HUSQVARNA AB - FOR Q3 MARGINS A
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Reuters - 3 months ago

Draegerwerk, Hikma, Novartis

EUROPE RESEARCH ROUNDUP-Draegerwerk, Hikma, Novartis Sept 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Draegerwerk, Hikma and Novartis, on Tuesday. HIGHLIGHTS * Draegerwerk DRWG.DE : Jefferies raises to hold from underperform * Hikma HIK.L : Berenberg raises to buy from hold * Munters Group AB MTRS.ST : Jefferies raises to buy from hold * Novartis AG NOVN.S : Jefferies cuts to hold from buy * Swedencare AB (Publ) SECARE.ST : J
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