Husqvarna AB Q2 2023 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : This is Johan Eliason. Starting off with the Forest & Garden development there. Obviously, weak volumes impacted your margins in the quarter with some underabsorption. Now you're closing down another SEK 2 billion of sales for petrol-powered ride-on mowers mainly. What sort of impact on absorption will that have in the second half of this year? And then on that topic, just philosophically a little bit. It's obviously a petrol-powered product that you are closing down and then leaving the revenue opportunity. But -- and then part of the rethink is obviously we want to go to an electric world. But why -- I haven't read much about your ride-on mower business with the battery powers or electrical power. So is that not something you are focusing on at all? Is the robotic solution, your preferred sort of electric lawn mower product rather because your gross margins will always be better on the robotic product than sort of an electric ride-on mover? Or how is your thinking regarding this strategy?

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : Okay. And just on the SEK 2 billion sales you're leaving, when do you think you will catch up with the sort of electrified products to compensate for those SEK 2 billion?

Question: Johan Eliason - Kepler Cheuvreux, Research Division - Analyst : Okay. And then finally, a question on inventory levels among your customers. Could you sort of talk about it in North America, Europe, Forest & Garden, Gardena, and Construction, et cetera?