Interim report January - September 2011

Interim report January - September 2011

Hans Linnarson, Acting CEO and President:
”Husqvarna's consumer business has been affected by the slowdown in the
global consumer demand, the uncertain economic environment and the
unfavorable weather. Operating income for the third quarter declined,
mainly as a result of lower sales, unfavorable mix and higher costs.
We have maintained our market positions for forest and garden products
both inEuropeandNorth America, despite the supply chain challenges
inNorth America. In some categories, like ride-on and robotic mowers
inEurope, we have significantly increased our market shares. Accumulated
for the year up until September, sales for Europe & Asia/Pacific and
Construction have increased whileAmericas' decreased, adjusted for
exchange rate effects.
Construction's performance has been strong all year, resulting in
increased operating income and strengthened market positions.
Pre-season production for 2012 has started earlier than last year in
order to secure a high customer service level. The Group's listings for
forest and garden products are estimated to be unchanged versus 2011,
however with an improved mix among the retailers, confirming the success
of our efforts to supply market leading, innovative products with strong
brands.”

Third quarter

  · Net sales for the Group, adjusted for exchange rate effects,
decreased by 2%. Net sales for the Group amounted to SEK 6,410m (6,907)
and operating income to SEK 113m (411). Income for the period amounted
to SEK 55m (402), or SEK 0.10 (0.70) per share.
  · Operating income was negatively affected by SEK -83m whereof SEK
-38m is directly related to production disturbances, SEK -21m relates to
the termination of the former CEO's contract and SEK -24m refers to
items affecting comparability. Changes in exchange rates had a positive
effect of SEK 8m.

First nine months

  · Strengthened market position for Construction and maintained for
forest and garden products.
  · Net sales for the Group, adjusted for exchange rate effects,
increased by 1%. Net sales for the Group amounted to SEK 25,363m
(27,446) and operating income to SEK 1,787m (2,508). Income for the
period amounted to SEK 1,220m (1,873), or SEK 2.12 (3.25) per share.
  · Operating income was negatively affected by SEK -453m whereof SEK
-368m is directly related to production disturbances, SEK -21m relates
to the termination of the former CEO's contract and SEK -64m refers to
items affecting comparability. Changes in exchange rates had a negative
effect of SEK -335m (130).

Telephone conference
A combined press and telephone conference will be held at 11:00CET on
October 20, 2011. To participate by telephone, please call +46 (0)8 5052
0110 or +44 (0) 20 7162 0077 ten minutes prior to the start of the
conference. The conference call will also be audio cast live. To
participate in the audio cast, log on to
www.husqvarna.com/ir (http://www.husqvarna.com/ir). A replay of the
telephone conference will be available at
www.husqvarna.com/ir (http://www.husqvarna.com/ir).

Contacts
Ulf Liljedahl, CFO, +46 8 738 84 42
Boel Sundvall, SVP Corporate Communications & IR, +46 8 738 70 18
Tobias Norrby, Investor Relations Manager, +46 8 738 83 35
Husqvarna Press Hotline, +46 8 738 70 80