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Husqvarna posts 1Q results

Swedish chainsaw and lawnmower maker Husqvarna said first-quarter net sales rose by 9% to SEK 10,043m (9,214). Excluding acquisitions, net sales declined by 8% and by 3% in comparable exchange rates. Operating income rose by 22% to SEK 1,202m (984), corresponding to a margin of 12.0% (10.7). Operating income excluding acquisitions was SEK 986m (984), margin improved to 11.7% (10.7). Income for the period was SEK 753m (613), corresponding to SEK 1.97 (1.59) per share.



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