Reported 1 day ago
Sweden's Husqvarna has reported a first-quarter operating profit lower than expected, citing weak demand in North America, currency challenges, and reduced prices. CEO Pavel Hajman announced his resignation will follow the appointment of a successor by year-end. Following the news, Husqvarna's shares fell 7%, reflecting broader concerns about market conditions despite a 16% increase in robotic mower sales in Europe.
Source: YAHOO