Husqvarna AB Q3 2024 Earnings Call Transcript

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

Question: Adela Dashian - Jefferies - Analyst : Thank you and then good morning. If we can, please start on maybe getting an update on what the, the inventory levels with the distributors and retailers look like after the high season and, and what the, you know, I'm, I'm sure you haven't already started to engage in preseason discussions with them, given the very challenging environment. But, but can you maybe give us an update on current trading Q3? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 23, 2024 / 8:00AM, HUSQb.ST - Q3 2024 Husqvarna AB Earnings Call That would be great. Thanks.

Question: Adela Dashian - Jefferies - Analyst : That's very good color. Thanks and then specifically on the, the lineup that you have the, the new product launches for, for 2025. How should we perceive them in terms of the overall mix? I'm assuming that they are priced at higher levels than your, your core technologies or?

Question: Adela Dashian - Jefferies - Analyst : Thank you for that and then lastly on the cost savings program? Would it be able for us to get some more details on if there's any specific division that will take the majority of this? Or, or maybe a region,

Question: Adela Dashian - Jefferies - Analyst : Yeah, that also makes sense. Thank you so much, Terry. That's all for me.

Question: Fredrik Ivarsson - ABG Sundal Collier - Analyst : Thank you. Good morning, gentlemen. I have got two questions related to robotics. Firstly, on the consumer ones, if you could comment on the margin development in this business, I appreciate it's developing quite good on topline. But obviously there is some, some, you know, campaigning going on in the market. So curious to hear if you could comment on that first.

Question: Fredrik Ivarsson - ABG Sundal Collier - Analyst : So on a year-to-date basis, can you give us a good like ballpark figure on how much the margin is down year on year? Are we talking? 3 4% points? Is that a good guess?

Question: Fredrik Ivarsson - ABG Sundal Collier - Analyst : And then second one on the pro robotics, you mentioned 30% penetration on the swedish golf courses. That's I guess around or close to 150 golf courses. Are all those paying customers or how many are on trial, so to speak?

Question: Fredrik Ivarsson - ABG Sundal Collier - Analyst : Okay, good. Thanks. That's all from my side.

Question: Bjorn Enarson - Danske Bank - Analyst : Thank you. I have a question on petrol powered lawn and garden products. If you can give some indication what share of sales that is in relation to group or in relation to get the NM four and go ahead and combined. That's the first question.

Question: Bjorn Enarson - Danske Bank - Analyst : Is it possible to get what, how big the robot takes? The battery power products, professional solutions and the watering products? What kind of share of the company that is currently year to date?

Question: Bjorn Enarson - Danske Bank - Analyst : And then a follow up on the 30% penetration question in Sweden. Yeah. Previously, I mean, you mentioned these numbers before, previously, talked about 20% and a handful of golf courses that have gone all in, you and most of them still in a trial phase or using them not as frequent. How many have turned to go all in robotics now is, I guess it's more than a handful right now. I guess that number is growing but they can have some kind of number there. It,

Question: Bjorn Enarson - Danske Bank - Analyst : Perfect. Thank you.

Question: Ebba Bjorklid - DNB Bank - Analyst : Good morning and thank you for taking my question and for the 13 new boundary biofilm models launching next year. What pricing position do you expect us to have versus peers? And do they have any material additional functionalities versus existing products in the market that you can mention? Thank you.

Question: Ebba Bjorklid - DNB Bank - Analyst : Great. Thank you very much for that answer. I have one more question and that is relating to Wheeled and petrol powered products. How much did that contribute to the negative organic sales growth that you can indicate that both at a company level but also for the the forest and garden division specifically also. Thank you.

Question: Ebba Bjorklid - DNB Bank - Analyst : Great. Thank you. Very much. That's all for me

Question: Erik Cederberg - Handelsbanken - Analyst : Yes, hi. So, thank you for taking my question. So you touched upon this a little bit already regarding the campaigning on robotics. But has that been solely on the low price segment or more across the board, including the high end products for professional use as well?

Question: Erik Cederberg - Handelsbanken - Analyst : Okay. So, the growth that you mentioned for the robotics is not only due to campaigns to stimulate the consumer.

Question: Erik Cederberg - Handelsbanken - Analyst : All right, perfect. Thank you very much.

Question: Johan Eliason - KeplerCheuvreux - Analyst : Yes, good morning. Just coming back to robotics if I understand you correctly. The pricing has been on the wire-based consumer robotics, so presumably mainly in Gardena on the robotic side. is that correct?

Question: Johan Eliason - KeplerCheuvreux - Analyst : I understand.

Question: Johan Eliason - KeplerCheuvreux - Analyst : Okay and talking about Gardena, you, mentioned that you're launching with a new retailer this year Home Depot, I believe it was, can you say anything how that has developed in, in the first season?

Question: Johan Eliason - KeplerCheuvreux - Analyst : Okay. Excellent. Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. OCTOBER 23, 2024 / 8:00AM, HUSQb.ST - Q3 2024 Husqvarna AB Earnings Call