Husqvarna Warns of Profits

Both sales and profit are expected to decrease by 5 percent during the fourth quarter for the garden machinery manufacturer Husqvarna.

"Ongoing challenging market conditions with intensified campaign activities, particularly in North America, are affecting Husqvarna Group's financial results," the company writes in a press release on Monday evening.

Husqvarna's loss during the fourth quarter is expected to amount to 700-800 million kronor. The report for the year's final months will be published on February 5 next year.