Gardening tools firm Husqvarna sees battery-powered sales boost – Reuters

A Husqvarna robotic lawn mower is placed in its docking station in the Humlegarden park in Stockholm, Sweden July 21, 2018. REUTERS/Anna Ringstrom/File Photo

Register now for FREE unlimited access to reuters.com

Register

Stay-at-home trend has given boost to HusqvarnaWants to accelerate growth of battery-driven machines

STOCKHOLM, Dec 1 (Reuters) – Husqvarna (HUSQb.ST), the world’s biggest maker of power gardening tools, has raised it…….

npressfetimg-438.png

A Husqvarna robotic lawn mower is placed in its docking station in the Humlegarden park in Stockholm, Sweden July 21, 2018. REUTERS/Anna Ringstrom/File Photo

Register now for FREE unlimited access to reuters.com

  • Stay-at-home trend has given boost to Husqvarna
  • Wants to accelerate growth of battery-driven machines

STOCKHOLM, Dec 1 (Reuters) – Husqvarna (HUSQb.ST), the world’s biggest maker of power gardening tools, has raised its overall financial targets and growth ambitions for robotic lawn mowers and other battery-powered products.

The Swedish group, whose products range from trimmers and chainsaws to garden tractors and irrigation systems, and which has benefited from the stay-at-home trend caused by the pandemic, said late Tuesday it now targets annual organic sales growth of 5% and an operating margin of 13%.

The market leader for robotic lawn mowers did not provide a timeframe for the new targets. In the first nine months of 2021, organic sales were up 15% and the operating margin was 15.1%.

Register now for FREE unlimited access to reuters.com

The previous financial targets, announced in 2019, …….

Source: https://www.reuters.com/business/gardening-tools-firm-husqvarna-sees-battery-powered-sales-boost-2021-12-01/

Leave a Reply

Your email address will not be published. Required fields are marked *