Husqvarna Reports Mixed Q2 Results Amid European Market Headwinds

For the three-month period ending June 30, the Stockholm-based manufacturer reported net sales of SEK 14,383m, down from SEK 15,277m in the same period last year. Operating income, excluding items affecting comparability, reached SEK 1,950m compared to SEK 2,041m in 2025. The results were bolstered by SEK 240m in tariff refunds, though these gains were offset by higher logistics costs and lower sales volumes in key divisions.

Performance across business units proved uneven. The Gardena Division suffered an 11% organic sales decline, and the Forest & Garden segment saw a 3% drop. Conversely, the Construction Division posted a 5% organic increase. CEO Glen Instone noted that despite successful product launches, weak consumer sentiment and a difficult start to the spring season hampered the European business.

To address structural challenges, Husqvarna is accelerating its transformation agenda. The company has raised its cost-saving target to SEK 3 billion by the end of 2028 and is consolidating manufacturing by shifting parts of its German Gardena production to the Czech Republic. Additionally, the firm is slimming its organizational structure and discontinuing non-core operations, including its stone diamond tools business. These strategic shifts coincide with a significant refresh of the Group Management team, which will welcome four new senior executives during the second half of the year.