Husqvarna to save billions

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Husqvarna to save billions
Photo: Janerik Henriksson/TT

Husqvarna, active in, among other things, garden products, will achieve savings of 4 billion in annual savings by 2030. This is stated in a press release ahead of the company's Capital Markets Day on Wednesday.

According to the press release, the savings will be achieved, among other things, through optimization of purchasing and "geographic production presence".

According to Husqvarna's press manager Henrik Sjöström, the assessment is that the company will achieve 60 percent of the savings in the next 2–3 years and the remainder during the final period.

"For me it is crystal clear, we need to turn the tide in this company. We will not do more of the same, but we want to improve what we have with new initiatives and a shift in skills," says Husqvarna's new CEO Glen Instone in an interview with Dagens Industri .

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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