NORDIC BUSINESS REPORT-July 9, 2020-Husqvarna Group expects better sales than estimated in Q2 2020 amid COVID-19 pandemic
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Husqvarna Group AB (STO:HUSQB), a producer of outdoor power products and innovative solutions for forest, park and garden care, reported on Wednesday that it has had a stronger net sales development for Q2 2020 than expected.
Net sales for the quarter are now estimated to be SEK13,500m, down by 2% as compared with SEK13,789m in Q2 2019.
Operating income for the quarter is estimated to be SEK2,190m, as compared with SEK2,125m in Q2 2019.
According to the company, it has delivered a very good quarter, even taking account of the COVID-19 situation, with sales growth, when adjusting for Consumer Brands exits, and an increased...