The gardening equipment company Husqvarna is proposing a significantly reduced dividend to shareholders. The company's board of directors will propose a dividend of 1.00 kronor per share, compared to 3.00 kronor last year.
The company, which warned of profits ahead of the year-end report, is now reporting a 9 percent decrease in net sales for 2024. The operating profit for the full year fell to 2.6 billion, compared to 3.9 billion the previous year.
"The challenging market situation continued into the fourth quarter with lower consumer demand," the company writes in the year-end report.
