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Husqvarna
Major Banks Soar on the Stock Exchange
It was a course rally in the major banks on Wednesday after strong quarterly reports, but the Stockholm Stock Exchange as a whole rose very moderately. The broad OMXS closed at plus 0.
400 to Leave Husqvarna
Husqvarna, which among other things manufactures garden products, is to implement another cost-cutting package. A total of 400 jobs will be affected, of which 200 are in Sweden.
Husqvarna fell on the red stock exchange
The Stockholm stock exchange's broad OMXS index closed just below zero after a volatile trading day. Both Husqvarna and Electrolux fell sharply.
Husqvarna's sales decline
Husqvarna's sales continue to decline. "Challenging market conditions and cautious consumption continue to affect the Group's sales and operating result for the third quarter," the company, which manufactures garden machinery, writes in a press release.
Bad weather affects Husqvarna
Poor weather in Central Europe and North America affected Husqvarna's results during the second quarter. The company, with significant sales of lawn mowers and irrigation products, reports a sharply reduced operating profit, down from nearly 4.
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Stay informed with the latest news and updates from Sweden in English. From daily news and events happening now, to recaps of what happened in Sweden last night, our coverage keeps you updated. Swedish news today.
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