Husqvarna Reports Lower Q2 Sales amid European Market Pressure

Husqvarna Group reported lower second-quarter sales on July 17, 2026 as European market weakness offset growth in North America. The interim report put quarterly revenue at SEK 14.383 billion, down 6% year on year, including a 2% adverse currency effect. Organic sales declined 4%.

Management said unfavorable European weather during the quarter's first six weeks slowed consumer purchases and subsequent channel replenishment. Gardena's organic sales fell 11%, while Husqvarna Forest & Garden declined 3%. Construction provided a counterpoint, recording organic growth of 5%.

Operating income was SEK 1.600 billion. Excluding items affecting comparability, it reached SEK 1.950 billion, with a 13.6% margin. The adjusted result included SEK 240 million of tariff refunds. Restructuring costs and a factory-related write-down contributed to the gap between reported and adjusted earnings.

Free operating cash flow increased to SEK 3.903 billion as working capital declined. Husqvarna also raised its savings ambition to SEK 3 billion by the end of 2028 and described consolidation across warehouses, transport purchasing and manufacturing. The quarterly picture combines stronger cash generation with lower demand, making it important to read the cash-flow improvement alongside the sales and earnings figures.