HUSQVARNA AB-ADR Business Summary

Husqvarna AB-ADR (HSQVY) is a global leader in the manufacturing and distribution of outdoor power products, generating revenue through the sale of high-performance equipment and aftermarket services across three primary segments: Husqvarna Forest & Garden, Gardena, and Husqvarna Construction. The Forest & Garden division, the company’s largest revenue driver, focuses on professional and consumer handheld products and robotic mowers, while Gardena specializes in residential watering and hand tools, and the Construction segment provides machinery and diamond tools for the building industry. The company is currently executing a strategic shift toward battery-powered solutions and autonomous technology, supported by a "Business Portfolio Unit" (BPU) model designed to enhance operational accountability. In the competitive landscape, Husqvarna maintains a premium position as the pioneer and market leader in robotic mowing, competing directly with Stihl, The Toro Company, and Stanley Black & Decker by leveraging its extensive dealer network and professional-grade product reliability. Tracing its origins to a 1689 weapons foundry, Husqvarna is currently led by CEO Glen Instone, who assumed the role in August 2025 after serving as the group’s CFO and President of the Forest & Garden division. The leadership team includes Yvette Henshall-Bell, President of Husqvarna Forest & Garden, and Anders Lindmark, who took over as President of the Construction division in July 2026. As of July 31, 2026, the company is transitioning its financial leadership following the departure of CFO Terry Burke, with Patrik Johnson slated to assume the role in September. The board is chaired by Torbjörn Lööf, former CEO of Inter IKEA Group. Husqvarna’s strategic direction is anchored by a stable institutional ownership structure, with major stakes held by Investor AB (the Wallenberg family’s investment arm), Robert Bosch GmbH, and L E Lundbergföretagen AB, ensuring long-term capital support for its electrification and digitalization initiatives.