STOCKHOLM, July 18, 2024 /PRNewswire/ — Solid cash flow in a quarter affected by weak market conditions Second quarter 2024 Net sales decreased by 9% to SEK 15,430m (16,976). Changes in exchange rates impacted with -1%. Planned exits of low-margin petrol-powered business impacted with -2%. Organic sales decreased by 6%. Operating income was SEK 1,899m (2,101) and the operating margin was 12.3% (12.4). Excluding items affecting comparability, the operating income amounted to SEK 1,906m (2,313) and the operating margin was 12.4% (13.6). Earnings per share before dilution amounted to SEK 2.22 (2.47) and earnings per share after dilution amounted to SEK 2.22 (2.46). Cash flow from operations and investments amounted to SEK 3,459m (4,432). Direct operating cash flow was SEK 3,917m (4,443). Cash flow was impacted by the planned reduction of trade receivables financing and adjusted for this, direct operating cash flow decreased by SEK 252m, compared to last year. January – June 2024 Net sales decreased by 12% to SEK 30,150m (34,143). Changes in exchange rates had a neutral effect. Planned exits of low-margin petrol-powered business impacted with -3%. Organic sales decreased by 9%. Operating income was SEK 3,830m (4,465) and the operating margin was 12.7% (13.1). Excluding items affecting comparability, the operating income amounted to SEK 3,837m (4,723) and the operating margin was 12,7% (13,8). Earnings per share before dilution amounted to SEK 4.54 (5.37) and earnings per share after dilution amounted to SEK 4.53 (5.35). Cash flow from operations and investments was SEK 2,403m (5,020). Direct operating cash flow was SEK 2,303m (4,204). Cash flow was impacted by the planned reduction of trade receivables financing and adjusted for this, direct operating cash flow improved by SEK 354m, compared to last year. Solid cash flow in a quarter affected by weak market conditions “During the second quarter, we continued …
HUSQVARNA GROUP: INTERIM REPORT JANUARY – JUNE 2024
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