Husqvarna AB (HUSQ-B.ST), a Swedish manufacturer of outdoor power products, watering products, and lawn care power equipment, Wednesday announced that it intends to shut down its manufacturing operations for stone diamond tools in Belgium, Portugal, and Greece, along with all global service centers and sales activities linked to the stone business worldwide.
As per the company, the exit will reduce net sales by about SEK 250 million on a full-year basis and will have a slightly margin-accretive impact on the operating margin in the division.
The stone diamond tools business currently employs around 200 people and is reported under the Sawing and Drilling Business Portfolio Unit.
The intended withdrawal process will be prepared and carried out in each affected country, with consideration and care for our employees, and in consultation with works councils and unions with the aim of ensuring a responsible exit, the Swedish manufacturer said in a statement.
The full withdrawal is expected to be completed by 2026 end.
Currently, HUSQ-B.ST shares are trading around 44.29 SEK, up 4.26% on the Stockholm Stock Exchange.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.