Husqvarna AB - Company Profile
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Business Description
Husqvarna AB (Husqvarna) manufactures outdoor power products and innovative solutions for forest, park and garden care. It also offers garden watering products, cutting equipment and diamond tools for the construction and stone industries. It has manufacturing and sales offices in North America, Europe and Asia with sales in more than 100 countries. Husqvarna serves around five million customers and 25,000 dealers with leading retailers worldwide.
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R&D Overview
The company’s research and development (R&D) focuses on improving existing products, manufacturing methods and developing new products for serving its current and future customers in a better way. It covers tests, modifications and research in several areas such as Artificial Intelligence, robotics, new business models and Internet of Things. The company also provides Cloud Based Digital Service Platform through which it launches new services such as the Automower Connect, Gardena Smart System, Husqvarna Fleet Services and Husqvarna Connect. The first Husqvarna CEORA robotic systems, setting out to transform the commercial turf care market, were successfully deployed to customers. Its first robotic mower with a virtual boundary for residential areas, Husqvarna Automower NERA, was introduced. The Gardena Division announced a new series of Micro-Drip watering systems and an extension of the EcoLine recycled product range. In FY2022, the company spent SEK2,177 million on R&D, which stood at 4% of its revenue, and grew 15.12% YoY.
Business Segments
Overview
Provides high-quality garden tools and solutions for watering and smart garden in Europe. Includes watering products such as garden hoses, connectors, nozzles, sprinklers and the Gardena Combisystem for hand tools. Has high-quality cutting tools such as secateurs and loppers. Gardena products and services find application in creative designing for gardening. In FY2022, the segment's capital expenditure stood at SEK525 million, which decreased 48.8% YoY.
Performance
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Overview
Provides machinery and diamond tools for the light construction and stone industries. Services include concrete sawing and drilling concrete surfaces and floors, and light remote demolition. In FY2022, the segment's capital expenditure stood at SEK387 million, which decreased 22.1% YoY.
Performance
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Overview
Offers products in the area of landscaping, forestry, tree care, other commercial lawn and garden services as well as for premium consumer segments to professional users. Robotic lawn is its key product. Product portfolio also include chainsaws, trimmers, blowers as well as lawn mowing equipment, and high performance battery-powered products with digital services which include the Husqvarna Fleet Services and Automower Connect. In FY2022, the segment's capital expenditure stood at SEK1,355 million, which grew 17.8% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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