Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Husqvarna AB ( ($SE:HUSQ.B) ) just unveiled an announcement.
Husqvarna Group has announced the closure of its Brastad factory as part of a strategic move to enhance cost efficiency and profitability. The closure, set to be completed by 2027, is expected to save the company approximately SEK 100 million annually while incurring decommissioning costs of SEK 140 million. This decision aligns with Husqvarna’s shift towards a more flexible and asset-light business model, impacting 84 employees at the Brastad facility.
The most recent analyst rating on ($SE:HUSQ.B) stock is a Hold with a SEK54.00 price target. To see the full list of analyst forecasts on Husqvarna AB stock, see the SE:HUSQ.B Stock Forecast page.
More about Husqvarna AB
Husqvarna Group is a global leader in innovative solutions for managing forests, parks, and gardens, as well as equipment and diamond tools for the construction industry. Founded in 1689 in Huskvarna, Sweden, the company is known for its high-quality products such as robotic mowers, chainsaws, and power cutters. Operating under the Husqvarna and Gardena brands, the company serves consumers and professionals in over 100 countries and is headquartered in Stockholm, Sweden.
Average Trading Volume: 808,427
Technical Sentiment Signal: Strong Sell
Current Market Cap: SEK29.38B
Learn more about HUSQ.B stock on TipRanks’ Stock Analysis page.