Interim report January

Hans Linnarson, President and CEO:
“Husqvarna’s first quarter results were impacted by unfavorable weather
conditions and continued macroeconomic slowdown in Europe. Earnings were also
negatively affected by the strong Swedish Krona which accounted for more than
half of the decline in operating income, and reduced manufacturing utilization
to meet the lower demand. Improvements in Americas and Construction were not
enough to offset the downturn in Europe.
    We are pleased with the results coming from operational improvements in our
business area Americas. The effects of mix, channel management, price and
manufacturing efficiencies all contributed to an improved development of
operating income and margin in the first quarter.
    The positive development for Construction continued, although it was mixed
between the different regions. Operating income and margin improved over prior
year, primarily due to a positive product mix impact.
    We have a continued cautious outlook for demand in Europe, while the outlook
for North America remains more positive. Late last year we announced actions to
reduce cost and improve flexibility. The initiatives are on track and will
gradually deliver savings.”

  · Net sales amounted to SEK 9,024m (9,811). Adjusted for exchange rate
effects, net sales decreased -4%.
  · Operating income decreased to SEK 688m (930), which entirely relates to
Europe & Asia/Pacific.
  · Changes in exchange rates negatively impacted operating income by SEK 135m
year over year.
  · Operating cash flow improved to SEK -1,786m (-2,443).
  · Earnings per share decreased to SEK 0.81 (1.10).
  · Announcement of SEK 1bn investment in manufacturing of chainsaw chains and
cylinders.
  · Kai Wärn was appointed new President and CEO as of July 1, 2013.

Telephone conference
A combined press and telephone conference, hosted by Hans Linnarson, President
and CEO, and Ulf Liljedahl, CFO, will be held at Husqvarna’s office on
Regeringsgatan 28 in Stockholm at 10:00 CET on April 24, 2013. To participate by
phone, please dial +46 (0) 8 5052 0110 (Sweden) or +44 (0)20 7162 0077 (UK) ten
minutes prior to the start of the conference. The conference call will also be
audio cast live on www.husqvarnagroup.com/ir (http://www.husqvarna.com/ir). A
replay will be available
at www.husqvarnagroup.com/ir (http://www.husqvarna.com/ir) later the same day.
Contacts
Ulf Liljedahl, CFO, +46 8 738 94 42
Tobias Norrby, Investor Relations Manager, +46 8 738 93 35

This interim report comprises information which Husqvarna is required to
disclose under the Securities Markets Act and/or the Financial Instruments
Trading Act. It was released for publication at 08:00 CET on April 24, 2013.
Husqvarna Group
Husqvarna Group is the world’s largest producer of outdoor power products
including robotic lawn mowers, garden tractors, chainsaws and trimmers. The
Group is also the European leader in consumer watering products and one of the
world leaders in cutting equipment and diamond tools for the construction and
stone industries. The Group’s products and solutions are sold via dealers and
retailers to both consumers and professional users in more than 100 countries.
Net sales in 2012 amounted to SEK 31 billion, and the Group had 15,400 employees
on average in more than 40 countries.
Interim report January - March 2013

Attachments
