Husqvarna HUSQ B

Stockholm | Industrials | Outdoor power products and garden/forestry equipment
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Updated: 22 Oct 2026 Base analysis: 6 Apr 2026

The news check keeps the assessment current.

General analysis — not personal advice.

HOLD Partly clear

Maintain the current position and use Q3 to look for evidence of stabilising European volumes and savings flowing through without reliance on one-offs; consider adding only with clearer demand recovery or improved competitive positioning in robotic mowers.

The weak Q3 report with large losses and continued European volume weakness keeps the risk/reward balance even pending clearer signs of stabilization.

Market sentiment Neutral ↓
Trend: Declining

Sentiment is negative following the weak report and lower volumes in Europe.

Risk assessment Medium
Dilution: Low Cash-flow positive; no equity raise indicated
Jurisdiction: Low Sweden/EU base; stable legal framework
Execution: Medium Savings and pricing actions must deliver

HOLD is the call. Neutral is the market mood. Medium risk means some things can go wrong.

Latest change
  • 22 Oct 2026 — Report showed large losses driven by volume weakness in Europe.

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About the company

Husqvarna AB develops and sells outdoor products such as robotic lawn mowers, chainsaws, trimmers, watering systems (Gardena), and diamond tools for construction. The company is profitable but faces margin pressure and weaker North American demand, while investing in robotics/battery products and a larger cost-savings program toward 2030.

Sector: Outdoor power products and garden/forestry equipment
Type: Industrial
Next report (Q4)
2 Feb 2027
Catalysts
●
19 Jan 2027
Update on strategic review of Gardena Powered Garden Medium
○
Q1 2027
EU decision on anti-dumping duties on Chinese robotic mowers Medium
Bull case

Gardena showed growth and North America remains positive while the cost-saving program can improve margins.

Bear case

Volume declines and price pressure from Chinese competitors risk eroding savings effects and worsening earnings quality.

Why this signal

The weak Q3 report with large losses and continued European volume weakness keeps the risk/reward balance even pending clearer signs of stabilization.

Recent news
  • Husqvarna reported large losses in the Q3 report on 21 October with adjusted operating result of -246 MSEK versus expected +25 MSEK. The stock fell over 10 percent to new lows since 2012. The company announced production shifts to Asia and the EU Commission provided an update in the anti-dumping case.

Key figures

Revenue
Q3 2026
SEK 9.0B
Net income
Q3 2026
SEK -404M
Cash
Q3 2026
SEK 2.4B
Total debt
Q3 2026
SEK 9.4B
Gross margin
Q2 2026
32.5%
Exchange
Stockholm
Type
Industrials
Sector
Outdoor power products and garden/forestry equipment
Husqvarna HUSQ B
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Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.