STOCKHOLM--(BUSINESS WIRE)-- Regulatory News:
Husqvarna Group (STO:HUSQB) has decided to change the date for the 2014 Capital Market Day to September 25. The event was initially planned for June 10.
The purpose of the Capital Market Day is to provide an update on the short term initiatives to improve the Group’s operating margin – the “Accelerated Improvement Program” – as well as an overview of the long-term direction.
As a consequence of the ongoing review of the Group’s long-term direction, changing the date for the Capital Market Day to September 25 will facilitate a higher level of relevant content.
We would like to emphasize that we have no other view on the Group’s performance than what we had at the time of the release of the Group’s interim report for the first quarter, and re-iterate that we remain cautiously optimistic about the underlying demand. The execution of our Accelerated Improvement Program is continuing according to plan.
Husqvarna Group is the world’s largest producer of outdoor power products including robotic lawn mowers, garden tractors, chainsaws and trimmers. The Group is also the European leader in consumer watering products and one of the world leaders in cutting equipment and diamond tools for the construction and stone industries. The Group’s products and solutions are sold via dealers and retailers to both consumers and professional users in more than 100 countries. Net sales in 2013 amounted to SEK 30 billion, and the Group had 14,000 employees on average in more than 40 countries.
This information was brought to you by Cision http://news.cision.com
Source: Husqvarna AB