Highlights from the Recent Annual General Meeting of Husqvarna AB: Key Decisions and Future Outlook
Overview of Husqvarna AB's Annual General Meeting
The Annual General Meeting (AGM) of Husqvarna AB, a leader in innovative gardening and cutting solutions, was held on April 29, 2025, at the Jönköping Concert & Congress Hall in Jönköping, Sweden. The hybrid format of the meeting allowed shareholders to engage in person or through postal voting.
Key Decisions Made
During the meeting, several crucial resolutions were passed. The profit and loss statements alongside the balance sheets were approved, paving the way for the distribution of profits. A notable dividend of SEK 1.00 per share was agreed upon. This will be disbursed in two installments, with the first payment of SEK 0.50 scheduled for May 7, 2025, for shares recorded on May 2, and the second payment set for November 5, 2025, for shares recorded on October 31, 2025.
In addition to financial distributions, the AGM also resulted in the Board of Directors and CEO being formally discharged from liability concerning the financial year 2024, signifying shareholder confidence in the company’s management.
Board Elections and Remunerations
The Nomination Committee’s recommendation to expand the Board of Directors to nine members was sanctioned, reinforcing Husqvarna's governance structure. Re-elected board members included notable figures such as Ingrid Bonde and Torbjörn Lööf, who also stepped into the role of Chair of the Board. New appointees—Claes Boustedt, Marlies Gebetsberger, and Magnus Jarlegren—brought fresh perspectives to the board for the upcoming term.
Furthermore, the AGM sanctioned a total remuneration of SEK 8,490,000 for board members, structured to reward critical contributions, with specific allocations for committee chairs as well. For instance, the Chair of the Audit Committee is to receive SEK 357,000.
Auditing and Compliance
In a forward-looking move, the AGM confirmed KPMG's reappointment as Husqvarna's auditor, ensuring that auditing practices remain transparent and robust. This appointment is vital for upholding trust among shareholders and stakeholders alike.
Incentive Programs and Share Issues
Responses to long-term growth strategies were also highlighted at the AGM. A performance-based long-term incentive program, dubbed LTI 2025, received approval. This aligns executive goals with company performance, promoting a results-driven culture within the organization. Further, the Board was authorized to issue approximately 57.6 million new B-shares to facilitate acquisitions, enhancing liquidity and flexibility in operational expansions.
Husqvarna's Vision and Strategy
Reflecting on Husqvarna Group’s mission, they reiterated their commitment to providing customers with innovative landscaping solutions, from robotic mowers to cutting-edge chainsaws. The company, founded in Huskvarna, Sweden, in 1689, has a rich history and is now a prominent player in over 100 countries. In 2024, Husqvarna reported net sales of SEK 48.4 billion and employs around 12,300 people globally.
As one of the industry's pioneers, Husqvarna is not just about maintaining its market position; it's focused on future generations with sustainable product development and a firm emphasis on customer needs.
Conclusion
The AGM served as a testament to the company's solid governance framework and strategic foresight. As Husqvarna continues to innovate within the evolving landscapes of gardening and construction, stakeholders remain optimistic about the company’s trajectory towards growth and sustainability. For further inquiries, please reach out to Henrik Sjöström, the Head of External Communication, or Johan Andersson, the Vice President of Investor Relations, at Husqvarna Group.