Husqvarna Group has announced that continued market conditions with intensified promotional activities, particularly in North America, and an unfavourable product mix, have continued to have an impact on the Group's sales and operating result in the fourth quarter.

In addition they say, retail partners and servicing dealers are focusing on reducing their inventory levels resulting in reduced production volumes and lower capacity utilisation. 

As a result, the Group estimates the organic sales for the fourth quarter to decline by -5% compared to the previous year with an operating income of approximately SEK -700m to -800m (€60m - €70m), excluding items affecting comparability. 

Pavel Hajman, CEO Husqvarna Group said, “I am disappointed in our continued negative development in the fourth quarter. We continue to execute on our previously announced cost-saving initiatives and prepare for the 2025 gardening season with strong product launches." 

The report for the fourth quarter 2024 will be published on February 5, 2025.