Sweden's Husqvarna, which makes garden equipment and tools, reported bigger-than-expected first-quarter operating earnings today, boosted by higher volumes, a positive product mix and lower costs that helped offset higher tariffs.
Husqvarna's earnings before interest and tax (EBIT) came in at 1.71 billion Swedish crowns ($185.09m) in the quarter, beating analysts' average forecast of 1.42 billion crowns, according to data compiled by LSEG.
The first quarter is Husqvarna's main sell-in period, when products are shipped to retailers before spring, but attention is already turning to how products will sell through in the second quarter.
"While geopolitical developments increased uncertainty, we had good sell-in to our channel partners, and our new product launches supported a positive start to the year," CEO Glen Instone said in a statement.
