Husqvarna will save billions, increases dividend to SEK 1.25 per share

The board of directors proposes a dividend of SEK 1.25 per share compared with SEK 1 the previous year. The financial statements once again highlight the savings package that was presented in connection with the company's Capital Markets Day in December.

"We announced additional savings totaling SEK 4 billion by 2030, with 60 percent expected to be realized over the next two to three years," the company said.

For the fourth quarter, organic sales decreased by 3 percent while net sales fell by 12 percent, partly due to the weakening of the US dollar. The company recorded an operating loss of SEK 837 million during the quarter.