Company overview

Husqvarna Group is the world’s largest producer of outdoor power products including ­robotic lawn mowers, garden tractors, chainsaws and trimmers. The Group is also the European leader ­in consumer watering products and one of the world leaders in cutting equipment and ­diamond tools for the construction and stone industries. The Group's products and solutions are sold via dealers and retailers to both consumers and professional users in more than 100 countries.

Husqvarna was founded in 1689. The head office is located in Stockholm, and the share is listed on the NASDAQ OMX Stockholm Exchange (HUSQ A and HUSQ B). Net sales in 2013amounted to SEK 30 billion and the average number of employees was ­approximately 14,000.

Key data
The Husqvarna Group, Key data 1) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013
Net sales 27,202 28,768 29,402 33,284 32,342 34,074 32,240 30,357 30,834 30,307
Gross margin 26.9 26.6 27.0 29.4 29.0 25.4 28.5 27.7 26.9 26.5
Operating income 2,983 2,927 3,121 3,564 2,361 1,560 2,445 1,551 1,675 1,608
Operating margin 11.0 10.2 10.6 10.7 7.3 4.6 7.6 5.1 5.4 5.3
Income for the period 2323 1,641 1,862 2,036 1,288 903 1,749 997 1,027 916
Earnings per share, SEK 2) - 3.59 4.08 4.46 2.81 1.64 3.03 1.73 1.78 1.6
Dividend per share, SEK 2) - - 1.16 1.5 0.00 1.00 1.50 1.50 1.50  
Return on capital employed 31.1 24.1 23.8 17.6 10.7 6.6 11 7.4 7.4 7.7
Return on equity 41.9 40.1 32.5 28.6 15.8 7.5 13.9 8.0 8.8 8.1
Capital turn-over rate 2.9 2.6 2.4 1.8 1.5 1.6 1.7 1.6 1.5 1.6
Operating cash flow 2,073 949 535 1,843 2,013 3,737 962 -472 1,144 1,813
Average number of employees 11,657 11,681 11,412 16,093 15,720 15,030 14,954 15,698 15,429 14,156
   
1) 2012 has been restated due to the amended IAS 19. The years prior to 2012 are not affected by the amendment.
2) Key data for 2004 are combined financial statements, 2005 is pro forma.
3) Number of shares 2006-2008 have been restated for the rights issue made in 2009. Number of shares 2006 have been restated for the bonus issue made in 2007.