Husqvarna AB (HUSQ.B) AI Stock Analysis

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Husqvarna AB

(Nasdaq OMX AB:HUSQ.B)

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Rating:57Neutral

Price Target:SEK 33.00▲(3.77% Upside)

Action:reiterated

Date:10/23/26

The score is driven mainly by weakened financial performance (sharp TTM revenue decline, thinner margins, and deteriorating free cash flow) and a clearly bearish technical setup (price below all key moving averages and negative MACD). These risks are partially offset by a more reasonable valuation with a ~4% dividend yield and a moderate P/E.

Positive Factors

Improving Balance SheetThe improving debt-to-equity ratio and expanding equity base provide Husqvarna with greater financial stability than in prior years. This should preserve flexibility to fund operations, support product development, and manage cyclical demand while leverage remains moderate.

Negative Factors

Sharp Revenue ContractionThe sharp decline in trailing revenue indicates substantial pressure on demand and reduces the scale from which Husqvarna can generate earnings. If the contraction persists, it could weaken operating leverage, limit reinvestment capacity, and make recovery more dependent on a broad market improvement.

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

Market Cap: SEK 18.20B
Dividend Yield: 3.93%
Average Volume (3M): 1.24M
Price to Earnings (P/E): 17.6
Beta (1Y): 1.00
Revenue Growth: -6.01%
EPS Growth: -27.57%
Country: Sweden
Employees: 11,565
Sector: General
Sector Strength: 55
Industry: Manufacturing - Tools & Accessories

Husqvarna AB Business Overview & Revenue Model

Company Description

Husqvarna AB (publ) is a leading manufacturer and seller of outdoor power tools, watering systems, and specialized equipment for cutting and surface preparation. Its operations are organized into three primary divisions: Husqvarna Forest & Garden, Ga...

How the Company Makes Money

Husqvarna primarily makes money by selling physical equipment for outdoor maintenance and forestry through retail and professional distribution channels, generating revenue from (1) sales of outdoor power products (e.g., chainsaws, trimmers, mowers,...

Husqvarna AB Financial Statement Overview

Summary

Financials are stable but weakened: TTM revenue is down ~42.7% with modest profitability (net margin ~2.3%, EBIT margin ~5.9%). Balance sheet leverage is manageable and improving (debt-to-equity ~0.51) and equity has expanded, but returns are lower (ROE ~4.1%). Cash flow remains positive (FCF ~2.1B) but has deteriorated sharply (FCF growth ~-62%) and cash coverage of debt is only modest (OCF/debt ~0.26).

Income Statement

52Neutral

Balance Sheet

64Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	44.79B	46.61B	48.35B	53.26B	54.04B	47.06B
Gross Profit	13.62B	14.15B	14.30B	18.46B	14.61B	15.51B
EBITDA	5.63B	5.84B	5.68B	6.34B	5.61B	7.93B
Net Income	1.03B	1.77B	1.32B	2.18B	1.94B	4.44B
Balance Sheet
Total Assets	55.92B	52.09B	56.80B	58.11B	61.64B	50.92B
Cash, Cash Equivalents and Short-Term Investments	5.40B	1.71B	1.97B	1.53B	2.33B	2.21B
Total Debt	13.12B	12.73B	14.52B	17.25B	18.98B	10.08B
Total Liabilities	29.99B	28.55B	32.18B	34.34B	37.62B	29.29B
Stockholders Equity	25.93B	23.54B	24.62B	23.77B	24.00B	21.63B
Cash Flow
Free Cash Flow	2.08B	1.94B	4.23B	4.44B	-4.05B	3.14B
Operating Cash Flow	4.05B	4.20B	6.84B	7.07B	-1.71B	5.66B
Investing Cash Flow	-1.92B	-1.89B	-2.46B	-2.65B	-2.30B	-6.38B
Financing Cash Flow	-729.00M	-2.46B	-3.98B	-5.16B	3.98B	-3.36B

Husqvarna AB Technical Analysis

Technical Analysis SentimentNegative

Last Price31.80

Price Trends

50DMA34.75Negative

100DMA35.92Negative

200DMA38.37Negative

Market Momentum

MACD-0.76Positive

RSI39.20Neutral

STOCH25.23Neutral

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 31.80 is below the 20-day moving average (MA) of 33.23, below the 50-day MA of 34.75, and below the 200-day MA of 38.37, indicating a bearish trend. The MACD of -0.76 indicates Positive momentum. The RSI at 39.20 is Neutral, neither overbought nor oversold. The STOCH value of 25.23 is Neutral, 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

SE:HUSQ.B against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:CLAS.B	70Outperform	SEK 31.53B	24.96	41.64%	1.39%	9.82%	33.55%
SE:THULE	69Neutral	SEK 21.05B	16.93	16.03%	4.25%	1.57%	17.91%
SE:HPOL.B	68Neutral	SEK 31.74B	17.55	12.33%	4.56%	-0.82%	-7.46%
SE:RUSTA	61Neutral	SEK 12.61B	21.28	―	2.19%	8.20%	40.01%
SE:HUSQ.B	57Neutral	SEK 18.20B	17.57	4.10%	3.93%	-6.01%	-27.57%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
SE:DOM	45Neutral	SEK 6.95B	-1.66	―	2.30%	-6.37%	-817.57%

* General Sector Average

Performance Comparison

SE:HUSQ.B and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:HUSQ.B	Husqvarna AB	31.80	-11.54	-26.62%
SE:CLAS.B	Clas Ohlson AB	496.00	160.07	47.65%
SE:HPOL.B	Hexpol AB	92.15	11.61	14.42%
SE:THULE	Thule Group AB	195.20	-40.62	-17.22%
SE:DOM	Dometic Group AB	21.74	-23.24	-51.67%
SE:RUSTA	Rusta AB	82.15	22.08	36.76%

Husqvarna AB Corporate Events

Husqvarna Responds to EU Robotic Mower Anti‑Dumping Disclosure

Oct 21, 2026

Husqvarna Group, a Stockholm‑based global leader in outdoor power equipment and construction tools, supplies robotic mowers, chainsaws, watering systems, power cutters, and diamond tools to consumer and professional customers in over 100 market...

Husqvarna Hit by European Weakness as Cost-Saving Drive Accelerates

Oct 21, 2026

Husqvarna AB reported a challenging third quarter, with organic sales down 5% and net sales slipping to SEK 9,012m, largely due to weak demand and drought conditions in key European markets. Profitability deteriorated, with an operating loss and nega...

Husqvarna Group Sets Date for Third-Quarter 2026 Results Presentation

Oct 1, 2026

Husqvarna Group, headquartered in Stockholm and listed on Nasdaq Stockholm, employs about 11,900 people across 40 countries and reported SEK 46.6 billion in net sales in 2025. Its diversified portfolio serves both consumers and professionals through...

Husqvarna Reports Minor Class A to Class B Share Conversion

Sep 30, 2026

Husqvarna AB, a Swedish‑listed global supplier of outdoor power equipment and construction tools, reported a minor change in its share capital structure following shareholder-initiated conversions in September. The company, which maintains dual...

Husqvarna Names Nomination Committee Ahead of 2027 AGM

Sep 14, 2026

Husqvarna AB, headquartered in Stockholm and employing about 11,900 people across 40 countries, reported SEK 46.6 billion in net sales in 2025 and is listed on Nasdaq Stockholm. With a history dating back to 1689, it serves both consumers and profess...

Husqvarna Adjusts Voting Structure Through Class A to B Share Conversion

Jul 31, 2026

Husqvarna AB has adjusted its share capital structure following shareholder requests to convert Class A shares, which carry higher voting rights, into Class B shares. The company remains a major global player in forest, garden and construction equipm...

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: Oct 23, 2026

Husqvarna AB AI Stock Analysis