Husqvarna AB (publ) (OTCPK:HUSQF) Q4 2024 Earnings Conference Call February 5, 2025 4:00 AM ET
Company Participants
Johan Andersson – IR
Pavel Hajman – CEO
Terry Burke – CFO
Conference Call Participants
Gustav Hageus – SEB
Bjorn Enarson – Danske Bank
Fredrik Ivarsson – ABG
Johan Andersson
Hello, everyone, and welcome to the presentation of Husqvarna Group’s report for the fourth quarter and fiscal year 2024. My name is Johan Andersson. I’m responsible for Investor Relations and will be the moderator here today.
With me here in Stockholm, I have our CEO, Pavel Hajman; and our CFO, Terry Burke. Pavel and Terry will start with a presentation. And afterwards, we will open up for a Q&A session. And you can ask your questions over the telephone conference or you can enter them in the web interface, and I will read them out loud here in Stockholm.
So with that, I thank you very much for joining and give the word over to you, Pavel.
Pavel Hajman
Thank you, Johan, and good morning also from my side. Warm welcome, and let’s start with an overview of quarter four as well as the full year.
So we ended the year in line with our market guidance that we issued before Christmas. And notably, we also delivered a very solid cash flow for the smallest fourth quarter. Good to see is that we grew in seasonal products such as petrol and battery handheld products, but we also actually grew both in wheeled and parts and accessories.
Generally, as we have communicated earlier, market conditions this year have been challenging, and that also continued in quarter four with cautiousness among our dealers and retailers. And we continued our transformation and improvements in North America and have just announced today a long-term partnership and divestiture of our largest manufacturing
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