Husqvarna
Husqvarna Group Announces Further Cost Reductions and Profitability Improvement Initiatives
The new cost saving measures announced today are in addition to the ongoing cost savings programs launched in 2022 and 2023, where the Group is reducing costs to enable increased investments in its strategic value creation areas: robotic mowers, battery products, watering, and professional solutions.
The non-recurring costs associated with the new measures are estimated to SEK 600m and will be recognized in the fourth quarter. The majority of the cost savings from these new measures will be realized in 2025. The Group is committed to identifying and implementing additional efficiency measures to further enhance its operational structure and effectiveness.
"To address the challenging market, we are reducing fixed costs and continuing to invest in our long-term strategy to strengthen Husqvarna Group's competitiveness. With a more efficient organization and a strong product pipeline for the coming season, these measures will contribute to future-proofing Husqvarna Group's business", says Pavel Hajman, CEO of Husqvarna Group.
All organizational changes are subject to ongoing negotiations with the unions.
| Datum | 2024-10-23, kl 07:00 |
| Källa | Cision |
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