Correction of balance sheet and income statement 2014

Husqvarna Group has established a new brand-driven organization for its forest
and garden operations, which was fully effective as of January 1, 2015. The new
organization includes three global divisions for the forest and garden
operations; Husqvarna, Gardena and Consumer Brands. The Construction division
was not affected by the reorganization. The business area reporting for 2014,
restated into the new divisions, is included in the Group’s annual report for
2014.

Furthermore, the Group has revisited the calculation model for elimination of
internal profits in inventory. The application of the new model results in a
correction of the opening balance of Group inventory as of January 1, 2015, by
SEK -245m before tax. The impact on Group income for the period 2014 is limited
to SEK -7m, with differences between the four individual quarters and divisions.
In addition, there has also been a minor correction of prior years’ reported
equity, primarily related to income tax.

The full restatement is attached to this press release.
For additional information, please contact
+46 8 738 90 80 or press@husqvarnagroup.com
Husqvarna Group
Husqvarna Group is a world leading producer of outdoor power products including
chainsaws, trimmers, robotic lawn mowers and garden tractors. The Group is also
the European leader in garden watering products and a world leader in cutting
equipment and diamond tools for the construction and stone industries. The
Group’s products and solutions are sold under brands including Husqvarna,
Gardena, McCulloch, Poulan Pro, Weed Eater, Flymo, Zenoah and Diamant Boart via
dealers and retailers to end-customers in more than 100 countries. Net sales in
2014 amounted to SEK 33 billion, and the Group had more than 14,000 employees in
40 countries.