Husqvarna shareholder believes splitting the company would facilitate profitability
Husqvarna, the Swedish gardening equipment manufacturer, would benefit from being split into two separate companies, according to Dagens Industri. The Swedish business daily cited Mathias Leijon, asset manager at Nordea Fonder, who said that Husqvarna’s professional operations generate good profits as the clients are happy to pay for quality while the consumer products are more price sensitive volume products. He believed that it will be difficult to create profitability for the Husqvarna’s consumer products within the current company structure but splitting the company in two would help.
The item noted that Nordea Fonder is Husqvarna’s fourth largest shareholder.
Source Dagens Industri