- Husqvarna's (HSQVY, Financial) robotic mower sales grew by 16% in Q1 2025.
- Net debt reduced by SEK 4 billion, improving financial resilience.
- CEO Pavel Hajman to step down by the end of 2025.
Husqvarna AB (HSQVY) reported mixed financial results for the first quarter of 2025 in an uncertain market environment. The company's net sales totaled SEK 14,704 million, reflecting a 1% organic decline. Operating income dropped to SEK 1,532 million, with operating margins declining to 10.4% from 13.1% in the previous period. Earnings per share were reported at SEK 1.69, down from SEK 2.31.
The company saw notable success in its robotic mowers segment, which experienced a 16% growth fueled by demand in both professional and consumer markets. Despite these gains, Husqvarna faced challenges in North America due to weak market performance, negative currency effects, and pricing pressures.
Within its divisions, the Husqvarna Forest & Garden Division demonstrated growth, while the Construction Division faced difficulties in North America. Overall, Husqvarna's direct operating cash flow improved by SEK 400 million, and net debt was reduced to SEK 13.7 billion from SEK 17.8 billion.
A significant strategic decision taken during the quarter was the sale of the Orangeburg production facility. Moreover, a leadership transition was announced, with CEO Pavel Hajman set to leave his position by the end of 2025.
Looking ahead, Husqvarna is navigating economic uncertainties such as rising trade tariffs, geopolitical instability, and significant currency effects. The company is focusing on enhancing its operational efficiencies, cost-saving initiatives, and strategic shifts toward high-potential segments to drive sustainable value creation.
