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Husqvarna AB (SE:HUSQ.B)
:HUSQ.B

Husqvarna AB (HUSQ.B) AI Stock Analysis

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SE:HUSQ.B

Husqvarna AB

(HUSQ.B)

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Neutral 54 (OpenAI - 5.2)
Rating:54Neutral
Price Target:
kr44.00
▼(-3.99% Downside)
Action:ReiteratedDate:02/06/26
The score is held back mainly by weakened financial performance versus prior years (lower margins and pressured revenue) and bearish technical signals (price below key moving averages with negative MACD). A moderate P/E and a modest dividend yield provide partial support but do not outweigh the operational and momentum headwinds.
Positive Factors
Recurring revenue
The robotic mower subscription model creates recurring revenue and customer stickiness, improving predictability of cash flows. Over 2–6 months this supports margin visibility, aftermarket retention and opportunities for cross-selling services and software monetization.
Diversified product & market exposure
Scale across Lawn & Garden, Construction and Forest segments plus a broad product mix (chainsaws, mowers, robotic systems) reduces reliance on any single end market. Structural diversification helps smooth demand cycles and supports steady revenue sources over several months to years.
Improved balance sheet leverage
Moderate leverage and substantial equity provide financial flexibility for capex, R&D, and potential M&A. Improved debt-to-equity from prior years reduces refinancing risk and supports investment in product development and distribution over the medium term.
Negative Factors
Revenue trend weakness
Multi-year revenue declines indicate persistent demand pressure or market share erosion. Continued top-line weakness limits operating leverage, constrains reinvestment capacity, and risks margin recovery even if short-term volatility eases over the next 2–6 months.
Margin compression
Significant fall in net and EBIT margins versus earlier years suggests structural cost or pricing pressures. Lower profitability reduces cash available for R&D, marketing, and dividends, and makes the business more sensitive to revenue volatility over the medium term.
Volatile cash generation
Sharp FCF decline and historical volatility undermine capital allocation predictability. Weaker cash conversion limits flexibility for reinvestment, dividends and debt reduction, increasing execution risk and financial sensitivity over the coming months.

Husqvarna AB (HUSQ.B) vs. iShares MSCI Sweden ETF (EWD)

Husqvarna AB Business Overview & Revenue Model

Company DescriptionHusqvarna AB (publ) produces and sells outdoor power products, watering products, and cutting and surface preparation equipment. It operates through three divisions: Husqvarna Forest & Garden, Gardena, and Husqvarna Construction. The Husqvarna Forest & Garden division offers handheld products, such as chainsaws, brush cutters, trimmers, and leaf blowers; wheeled products, such as front riders and zero-turn mowers; robotic lawn mowers; and accessories and spare parts. The Gardena division provides watering systems; robotic mowers, trimmers, hedge cutters, and shrub shears; garden tools, such as secateurs, loppers, axes, and digging tools; and smart garden systems. The Husqvarna Construction division offers power cutters, light compaction and concrete placement equipment, floor grinding machines, dust and slurry solutions, diamond tools for construction and stone industries, floor saws, and demolition robots. The company sells its products and solutions to forestry, tree care, landscaping, commercial lawn, and garden services sectors, as well as home and garden owners, and light construction and stone industries primarily under the Husqvarna, Gardena, Orbit, Diamant Boart, Jonsered, Flymo, RedMax, Zenoah, and McCulloch brands through dealers and retailers. It operates in Germany, France, Sweden, Austria, rest of Europe, the Asia/Pacific, Canada, the United States, Latin America, and internationally. Husqvarna AB (publ) was founded in 1689 and is headquartered in Stockholm, Sweden.
How the Company Makes MoneyHusqvarna generates revenue through multiple streams, primarily from the sale of its outdoor power products, which include machinery and equipment for both professional and consumer markets. The company also earns income through service offerings, such as maintenance and repair services, as well as the sale of spare parts and accessories. Additionally, Husqvarna has developed a recurring revenue model through its robotic mower segment, where customers may pay for subscription services that include software updates and support. Strategic partnerships with retailers and distributors enhance its market reach, while innovative product development and a focus on sustainability help to drive sales growth. Overall, the company's diverse product portfolio and commitment to technological advancement are significant contributors to its financial performance.

Husqvarna AB Financial Statement Overview

Summary
Financials are stable but not strong: revenue declined over 2023–2025 and profitability is well below 2020–2021 levels (net margin ~3.8% and EBIT margin ~6.2% in 2025). Balance sheet leverage improved (debt-to-equity ~0.59), but cash flow is uneven with free cash flow down sharply in 2025 versus 2024 and a history of volatility.
Income Statement
58
Neutral
Revenue has been under pressure recently (down in 2023–2025), which limits operating leverage and signals a softer demand environment. Profitability also compressed meaningfully versus 2020–2021: net margin fell from ~9.4% (2021) to ~3.8% (2025) and EBIT margin declined from ~12.1% to ~6.2%. A positive offset is that 2025 earnings improved versus 2024 (net income up and margins modestly better), suggesting some stabilization, but overall profitability remains well below prior peak levels.
Balance Sheet
64
Positive
Leverage looks manageable for the sector, with debt-to-equity around ~0.59 in 2025 (improved from ~0.79 in 2022), indicating balance-sheet risk has moderated. Equity remains substantial (SEK ~23.5B) against total assets (SEK ~52.1B). Returns on equity are positive but mid-range (~7.5% in 2025) and below stronger years like 2020–2021, implying the company is not currently generating standout returns relative to its capital base.
Cash Flow
55
Neutral
Cash generation is positive in the latest year, with operating cash flow of ~SEK 4.2B and free cash flow of ~SEK 1.9B in 2025. However, free cash flow fell sharply versus 2024 (about -40%), indicating weaker cash conversion and/or higher cash outlays. The history is also somewhat volatile, highlighted by negative operating cash flow and free cash flow in 2022, which raises the risk profile even though subsequent years recovered.
BreakdownDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue46.61B48.35B53.26B54.04B47.06B
Gross Profit14.15B14.30B17.62B14.61B15.51B
EBITDA5.84B5.68B6.34B5.61B7.88B
Net Income1.77B1.32B2.18B1.94B4.44B
Balance Sheet
Total Assets52.09B56.80B57.61B61.64B50.92B
Cash, Cash Equivalents and Short-Term Investments1.71B1.97B1.53B2.33B2.21B
Total Debt13.93B14.52B17.25B18.98B10.06B
Total Liabilities28.55B32.18B33.84B37.62B29.27B
Stockholders Equity23.54B24.62B23.77B24.00B21.63B
Cash Flow
Free Cash Flow1.94B4.23B4.44B-4.05B3.14B
Operating Cash Flow4.20B6.84B7.07B-1.71B5.66B
Investing Cash Flow-1.89B-2.46B-2.65B-2.30B-6.38B
Financing Cash Flow-2.46B-3.98B-5.16B3.98B-3.36B

Husqvarna AB Technical Analysis

Technical Analysis Sentiment
Negative
Last Price45.83
Price Trends
50DMA
45.01
Negative
100DMA
45.56
Negative
200DMA
48.31
Negative
Market Momentum
MACD
-1.02
Positive
RSI
36.96
Neutral
STOCH
13.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:HUSQ.B, the sentiment is Negative. The current price of 45.83 is above the 20-day moving average (MA) of 43.66, above the 50-day MA of 45.01, and below the 200-day MA of 48.31, indicating a bearish trend. The MACD of -1.02 indicates Positive momentum. The RSI at 36.96 is Neutral, neither overbought nor oversold. The STOCH value of 13.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:HUSQ.B.

Husqvarna AB Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
73
Outperform
kr21.88B17.8746.00%1.88%9.30%38.37%
65
Neutral
kr12.38B22.651.70%7.53%5.81%
60
Neutral
kr110.65B28.508.90%3.19%-4.16%-12.95%
60
Neutral
kr22.88B23.2114.62%3.54%8.93%-12.56%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
54
Neutral
kr23.56B15.045.76%2.20%-1.74%-0.59%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
SE:HUSQ.B
Husqvarna AB
41.05
-15.67
-27.62%
SE:CLAS.B
Clas Ohlson AB
359.60
108.21
43.04%
SE:SKF.B
SKF AB
238.40
6.43
2.77%
SE:THULE
Thule Group AB
219.20
-105.10
-32.41%
SE:RUSTA
Rusta AB
79.20
2.62
3.42%

Husqvarna AB Corporate Events

Husqvarna Delivers Modest 2025 Growth, Unveils 2030 Strategy and Cost-Saving Drive
Feb 4, 2026

Husqvarna reported a weak fourth quarter but managed to deliver modest organic sales growth of 1% for 2025 despite soft consumer sentiment, tariffs and currency headwinds. Quarterly organic sales fell 3% and the group posted an operating loss, largely due to lower residential demand in North America and adverse trade and FX effects, although professional products such as robotic mowers and construction power cutters showed good momentum. For the full year, net sales declined 4% and operating margin excluding items affecting comparability slipped to 6.2%, while cash flow weakened, but profitability improved versus 2024 on a reported basis and net debt fell, enabling the board to propose a higher dividend. At its recent Capital Markets Day, Husqvarna set a 2030 strategy focused on operational excellence, aftermarket and solutions, and portfolio management, targeting SEK 4bn in savings by 2030—most within two to three years—to reinvest in innovation and brands. The group is also deepening its robotics presence in golf through the Husqvarna British Masters title sponsorship and an exclusive European distribution deal for an autonomous golf-range ball-picker, and enters 2026 with a strong launch pipeline including AI-vision robotic technology, expanded watering products and new construction solutions, aiming to restore profitable growth amid ongoing macro and trade-policy uncertainty, particularly in North America.

The most recent analyst rating on ($SE:HUSQ.B) stock is a Hold with a SEK43.00 price target. To see the full list of analyst forecasts on Husqvarna AB stock, see the SE:HUSQ.B Stock Forecast page.

Husqvarna Refreshes Leadership to Drive Ongoing Transformation
Feb 4, 2026

Husqvarna is reshaping its leadership team, appointing Yvette Henshall-Bell to lead the Forest & Garden division while interim head Omar Attar returns to finance, as CFO Terry Burke and Construction division president Karin Falk prepare to depart later in 2026. These shifts signal continued execution of CEO Glen Instone’s transformation strategy, with successor searches underway to maintain momentum in profitability and global expansion.

The most recent analyst rating on ($SE:HUSQ.B) stock is a Hold with a SEK43.00 price target. To see the full list of analyst forecasts on Husqvarna AB stock, see the SE:HUSQ.B Stock Forecast page.

Husqvarna Reports Minor Share Conversion Impacting Voting Rights
Jan 30, 2026

Husqvarna AB has reported a minor change in its share capital structure following the conversion of 300 Class A shares into Class B shares at the request of shareholders in December 2025, a move that reduces the company’s total voting rights to 154,676,792.3. After the conversion, the company’s share capital consists of 576,343,778 registered shares, comprising 107,824,905 Class A shares and 468,518,873 Class B shares, reflecting continued shareholder use of the option to shift from higher-voting A shares to B shares and providing transparency for investors under Swedish financial market disclosure rules.

The most recent analyst rating on ($SE:HUSQ.B) stock is a Hold with a SEK43.00 price target. To see the full list of analyst forecasts on Husqvarna AB stock, see the SE:HUSQ.B Stock Forecast page.

Husqvarna Group Sets Date for 2025 Full-Year Results and Investor Presentation
Jan 19, 2026

Husqvarna Group has announced that it will publish its full-year and fourth-quarter 2025 results on 4 February 2026, followed by a combined webcast and conference call hosted by CEO Glen Instone and CFO Terry Burke later that morning. The English-language presentation, which will include a Q&A session and be accessible via webcast or telephone from key markets, underscores the company’s focus on transparent communication with investors and other stakeholders, with all related materials to be made available on its website.

The most recent analyst rating on ($SE:HUSQ.B) stock is a Hold with a SEK43.00 price target. To see the full list of analyst forecasts on Husqvarna AB stock, see the SE:HUSQ.B Stock Forecast page.

Husqvarna Becomes Title Partner of British Masters, Deepens DP World Tour Ties
Jan 13, 2026

Husqvarna has signed a multi-year deal to become Title Partner of the British Masters on the DP World Tour from 2026, extending its presence in professional golf and positioning its robotic lawnmowing technology at one of the sport’s most prestigious events. The 2026 Husqvarna British Masters will be held at The Belfry’s Brabazon Course with six-time major winner and Husqvarna brand ambassador Sir Nick Faldo as host, while the company also becomes the official robotic mowing partner of the DP World Tour and an official marketing and tournament partner across several key European events. Building on a successful 2025 collaboration and the recent use of Husqvarna CEORA robotic mowers to maintain all 18 fairways at the AIG Women’s Open in Wales, the partnership is designed to showcase Husqvarna’s commercial robotic solutions, deepen relationships with greenkeepers and course managers, and reinforce the brand’s credentials in automated, precision turf management on top-tier tournament courses.

The most recent analyst rating on ($SE:HUSQ.B) stock is a Hold with a SEK43.00 price target. To see the full list of analyst forecasts on Husqvarna AB stock, see the SE:HUSQ.B Stock Forecast page.

Husqvarna Group Unveils Strategic Growth and Sustainability Targets for 2030
Dec 10, 2025

Husqvarna Group announced its strategic priorities and targets for the period until 2030 during its Capital Markets Day. The company aims to achieve profitable growth through strategic portfolio management and operational excellence, introducing new financial and sustainability targets, including a 3-5% annual organic sales growth and a 60% reduction in CO2 emissions by 2030. A transformational cost-out program is set to enhance operational efficiency, aiming for SEK 4 billion in annual savings by 2030, impacting supply chain, product platform, and organizational efficiency.

The most recent analyst rating on ($SE:HUSQ.B) stock is a Hold with a SEK47.00 price target. To see the full list of analyst forecasts on Husqvarna AB stock, see the SE:HUSQ.B Stock Forecast page.

Husqvarna’s HUGSI Report Highlights Global Urban Green Space Decline
Nov 19, 2025

Husqvarna Group’s Urban Green Space Insights (HUGSI) Report 2025 highlights a global decline in urban green spaces, with a loss equivalent to the size of Paris across 516 cities. Despite this, the Nordic region emerges as a leader in urban greenery, with cities like Aarhus and Vejle showing significant positive changes. The report underscores the importance of green spaces for sustainable urban development and the need for active greening efforts to combat urbanization’s impact.

The most recent analyst rating on ($SE:HUSQ.B) stock is a Hold with a SEK50.00 price target. To see the full list of analyst forecasts on Husqvarna AB stock, see the SE:HUSQ.B Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Feb 06, 2026