Interim report
Page 1
1 (20) Q3 INTERIM REPORT JANUARY – SEPTEMBER 2026 Consistent strategy execution in a continued challenging market Third quarter 2026 • Net sales decreased organically by 5%. • Net sales decreased by 2% to SEK 9,012m (9,204), and included a positive impact of 3% from changes in exchange rates. • Operating income amounted to SEK -334m (141) and the operating margin was -3.7% (1.5). • Items affecting comparability (IAC) amounted to SEK -88m. These were primarily related to the execution of cost-saving initiatives. • Excluding IAC, operating income amounted to SEK -246m (140), and the operating margin was -2.7% (1.5). • Earnings per share (EPS) after dilution amounted to SEK -0.70 (-0.02) and EPS excluding IAC and after dilution amounted to SEK -0.58 (-0.02). • Free operating cash flow was SEK 2,422m (2,423). • Net debt was SEK 9.4bn (9.9). January – September 2026 • Net sales decreased organically by 2%. • Net sales decreased by 5% to SEK 37,356m (39,184), and included an impact of -3% from changes in exchange rates. • Operating income amounted to SEK 2,977m (3,735) and the operating margin was 8.0% (9.5). • Items affecting comparability (IAC) amounted to SEK -445m. These were primarily related to the execution of cost-saving initiatives. • Excluding IAC, operating income amounted to SEK 3,421m (3,742), and the operating margin was 9.2% (9.5). • IEEPA-related tariff refunds of SEK 240m were recognized in COGS during the second quarter. • Earnings per share (EPS) after dilution amounted to SEK 3.14 (4.43) and EPS excluding IAC and after dilution amounted to SEK 3.74 (4.44). • Free operating cash flow was SEK 4,891m (4,743). Financial summary Q3 Q3 Jan-Sep Jan-Sep Full year 2026 2025 ∆% 2026 2025 ∆% LTM* 2025 Net sales 9,012 9,204 -2 37,356 39,184 -5 44,785 46,613 Organic growth*, % -5 0 -2 1 -2 1 Operating income (EBIT) -334 141 2,977 3,735 -20 2,140 2,898 Operating margin, % -3.7 1.5 8.0 9.5 4.8 6.2 Operating income excl. items affecting comparability* -246 140 3,421 3,742 -9 2,580 2,901 Operating margin excl. items affecting comparability*, % -2.7 1.5 9.2 9.5 5.8 6.2 Income after financial items -496 -41 2,405 3,153 -24 1,402 2,149 Net income for the period -404 -10 1,800 2,540 -29 1,030 1,769 Earnings per share after dilution, SEK -0.70 -0.02 3.14 4.43 -29 1.80 3.09 Earnings per share excl. items affecting comparability after dilution*, SEK -0.58 -0.02 3.74 4.44 -16 2.39 3.09 Free operating cash flow* 2,422 2,423 0 4,891 4,743 3 2,888 2,741 Return on capital employed excl. items affecting comparability*, % 6.4 7.3 6.4 7.3 6.4 7.1 Operating working capital/net sales*, % 34.5 32.0 34.5 32.0 34.5 31.6 All items are stated in SEKm and, accordingly, rounding differences can occur. Group, SEKm *Alternative Performance Measure, refer to "Definitions".
Page 2
Husqvarna Group | Interim Report Q3, 2026 2 (20) CEO Comment We are making solid progress on our strategic priorities. Our cost savings program remains on track, recent product launches are receiving encouraging customer feedback, and we are broadening our presence across sales channels. Although these measures have not yet fully offset current market headwinds, they reinforce our confidence in the Group’s long-term competitiveness and prospects. Financial performance summary Net sales were SEK 9,012m (9,204), representing an organic decline of 5% in the quarter, primarily driven by continued weakness in Europe. Organic sales in the Husqvarna Forest & Garden Division declined by 10%, sales in the Husqvarna Construction Division were unchanged, while the Gardena Division delivered solid organic growth of 8%. Performance in the Husqvarna Forest & Garden Division was significantly affected by the widespread drought across large parts of Europe and continued weak consumer demand in key markets, including Germany and France. In contrast, strong growth in the Gardena Division’s Watering business highlighted the resilience of our diversified portfolio, gaining market shares in key markets, and the Husqvarna Construction Division has continued good momentum in its aftermarket business. I am also encouraged by continued growth across all three divisions in North America. Operating income excluding IAC was SEK -246m (140), corresponding to a margin of -2.7% (1.5). The result reflected lower volumes in the Husqvarna Forest & Garden Division, an unfavorable product mix, inventory reductions and cost increases on raw materials and logistics costs. Free operating cash flow was stable at SEK 2,422m (2,423), as lower operating income was offset by changes in working capital, primarily driven by reduced inventories. We further strengthened the balance sheet, reducing net debt to SEK 9.4bn (9.9). Executing on cost savings while navigating cost headwinds Our transformative cost savings program remains on track to deliver SEK 3bn in gross savings by the end of 2028. Year-to- date savings reached approximately SEK 935m, including around SEK 305m in the third quarter, driven mainly by sourcing activities and personnel reductions. However, lower volumes, inventory reductions and cost headwinds continue to weigh on profitability. We are responding with targeted price increases, supply chain actions and product cost optimization, which will partly offset these pressures, although near-term headwinds are expected to remain. We are advancing our asset-light strategy through further outsourcing initiatives. We will transfer production of selected Husqvarna-branded battery handheld products from Europe to Asia, using both our own facilities and external partners to enhance efficiency and competitiveness. In addition, the ongoing discontinuation of the stone diamond tool business in the Construction Division, the phase-out of our Brastad component factory in the Husqvarna Forest & Garden Division and relocation of selected activities within Gardena's European manufacturing network are progressing according to plan. Unlocking the next phase of robotics growth Our robotic lawn mowing business faced a difficult quarter, with adverse weather, competitive headwinds, and elevated channel partner inventories in Europe constraining demand for Husqvarna- and Gardena-branded products. Although recent performance has fallen short of expectations, we remain the clear market leader and we are confident in our strategy and longer- term development. The strategic review of the Powered Garden BPU in the Gardena Division is ongoing and we aim to provide an update in the beginning of next year. Our priorities in the Husqvarna Forest & Garden Residential Robotics BPU include expanding our retail footprint and product range across price points and channels, strengthening the robotics organization and development model. During the quarter, the US became the largest market in terms of sales for our Professional Robotics BPU, driven mainly by continued growth in the golf segment. Upcoming product launches and broader US distribution are expected to further strengthen our competitive position next season. We are also encouraged to be the first robotics company to receive conditional approval from the Federal Communications Commission (FCC) for foreign-produced advanced robotic devices in the US market. Building a stronger, more competitive Husqvarna Group We are accelerating change across the Group to create a leaner, more agile and asset-light organization. By challenging established ways of working, simplifying operations and acting decisively, we are strengthening competitiveness and profitability in the longer-term. Significant work remains, but I am confident we are moving in the right direction. When consumer sentiment recovers, particularly in Europe, we will be well positioned to capture growth and improve earnings. Glen Instone, CEO
Page 3
Husqvarna Group | Interim Report Q3, 2026 3 (20) Net sales Third quarter 2026 Net sales decreased organically by 5%. Reported net sales declined by 2% to SEK 9,012m (9,204), including a positive impact of 3% from changes in exchange rates. The decline was broad-based across Europe, mainly affecting the Residential Robotics, Wheeled and Handheld BPUs in the Husqvarna Forest & Garden Division, and the Powered Garden BPU in the Gardena Division. The Watering BPU in the Gardena division compensated somewhat with strong organic growth. January – September 2026 Net sales decreased organically by 2%. Net sales for the period decreased by 5% to SEK 37,356m (39,184), including an impact of -3% from changes in exchange rates. The decline was driven by the Powered Garden BPU in the Gardena Division, as well as the Wheeled BPU in the Husqvarna Forest & Garden Division. Operating income Third quarter 2026 Operating income amounted to SEK -334m (141). Items affecting comparability amounted to SEK -88m. These were primarily related to the execution of the Group’s cost-saving initiatives, including personnel reductions as well as logistics and footprint reorganizations. Excluding items affecting comparability, operating income amounted to SEK -246m (140) and the operating margin was -2.7% (1.5). Earnings were impacted by lower sales volumes, inventory reductions, an unfavorable product mix, continued inflationary pressure with higher raw material and logistics costs. Changes in exchange rates had a positive impact of SEK 11m compared with the preceding year. Acquisition-related amortizations amounted to SEK -51m (-51). January – September 2026 Operating income amounted to SEK 2,977m (3,735) and the operating margin was 8.0% (9.5). Items affecting comparability amounted to SEK -445m. These were primarily related to the execution of the Group’s cost-saving initiatives, including personnel reductions as well as logistics and footprint reorganizations. Excluding items affecting comparability, operating income amounted to SEK 3,421m (3,742) and the operating margin was 9.2% (9.5). The result included IEEPA-related tariff refunds of SEK 240m, as well as a negative effect of SEK -85m from paid tariffs compared with the preceding year. Earnings were impacted by lower sales volumes, continued inflationary pressure with higher raw material and logistics costs. Changes in exchange rates had an impact of SEK -77m compared with the preceding year. Acquisition related amortizations amounted to SEK -150m (-158). Net sales, SEKm Organic growth, % Operating income excl. IAC, SEKm 0 16,000 32,000 48,000 64,000 80,000 0 4,000 8,000 12,000 16,000 20,000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net sales Net sales, LTM -15% -10% -5% 0% 5% 10% -15% -10% -5% 0% 5% 10% Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Organic growth Organic growth, LTM -6% -3% 0% 3% 6% 9% 12% -1,200 -600 0 600 1,200 1,800 2,400 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Operating income Operating margin, LTM
Page 4
Husqvarna Group | Interim Report Q3, 2026 4 (20) Taxes Third quarter 2026 Income tax amounted to SEK 92m (31). January – September 2026 Income tax amounted to SEK -605m (-613), corresponding to an effective tax rate of 25.2% (19.4). Earnings per share Third quarter 2026 Net income attributable to equity holders of the Parent Company amounted to SEK -403m (-10), corresponding to SEK -0.70 (-0.02) per share after dilution. Earnings per share excluding items affecting comparability and after dilution amounted to SEK -0.58 (-0.02). January – September 2026 Net income for the period attributable to equity holders of the Parent Company amounted to SEK 1,800m (2,538), corresponding to SEK 3.14 (4.43) per share after dilution. Earnings per share excluding items affecting comparability and after dilution amounted to SEK 3.74 (4.44). Capital employed Average capital employed for the rolling 12-month period amounted to SEK 40,369m (41,564). Return on capital employed, excluding items affecting comparability, was 6.4% (7.3), driven by lower operating income. Cash flow Third quarter 2026 Free operating cash flow amounted to SEK 2,422m (2,423), as lower operating income was offset by changes in working capital, primarily driven by reduced inventories. January – September 2026 Free operating cash flow amounted to SEK 4,891m (4,743). Financial position Net debt as of September 30, 2026, was SEK 9,400m (9,911). Other interest-bearing liabilities and lease liabilities were SEK 13,933m (12,440). The net pension liability amounted to SEK 1,847m (1,740) and liquid funds and other interest-bearing assets were SEK 6,812m (4,557). The net debt/EBITDA ratio, excluding items affecting comparability, was 2.1 (2.2). The net debt/equity ratio was 0.36 (0.40). Return on capital employed excl. IAC, SEKm Free operating cash flow, SEKm Net debt/EBITDA ratio excl. IAC 0% 2% 4% 6% 8% 10% 0 10,000 20,000 30,000 40,000 50,000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Capital employed, LTM Return on capital employed excl. IAC -6,000 -3,000 0 3,000 6,000 9,000 -3,000 -1,500 0 1,500 3,000 4,500 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Free operating cash flow Free operating cash flow, LTM 0.0 0.5 1.0 1.5 2.0 2.5 3.0 0 3,000 6,000 9,000 12,000 15,000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net debt Net debt/EBITDA excl. IAC
Page 5
Husqvarna Forest & Garden Division 5 (20) Financial summary Net sales Third quarter 2026 Net sales decreased organically by 10%. Net sales decreased by 8% to SEK 5,133m (5,594), including an impact of 2% from changes in exchange rates. The decline was primarily driven by unfavorable weather conditions as well as a weak consumer sentiment in Europe, resulting in lower sales for the Wheeled and Residential Robotics BPUs. January – September 2026 Net sales decreased organically by 3%. Net sales decreased by 5% to SEK 21,939m (23,063), including an impact of -2% from changes in exchange rates. The decline was primarily driven by lower sales in the Wheeled BPU in Europe. Operating income Third quarter 2026 Operating income amounted to SEK -190m (222), and the operating margin was -3.7% (4.0). Excluding items affecting comparability, operating income amounted to SEK -181m (222) and the operating margin was -3.5% (4.0). The decrease was mainly attributable to lower volumes, inventory reductions, an unfavorable product mix and cost inflation. Changes in exchange rates had a positive impact of SEK 5m compared with the preceding year. January – September 2026 Operating income amounted to SEK 2,216m (2,474) and the operating margin was 10.1% (10.7). Excluding items affecting comparability, operating income was SEK 2,318m (2,511) and the operating margin was 10.6% (10.9). Tariff refunds had a positive effect of SEK 112m, while lower volumes, a negative product mix and cost inflation had an adverse effect. Changes in exchange rates had an impact of SEK -12m compared with the preceding year. Q3 Q3 Jan-Sep Jan-Sep Full year SEKm 2026 2025 ∆% 2026 2025 ∆% LTM* 2025 Net sales 5,133 5,594 -8 21,939 23,063 -5 26,665 27,788 Organic growth*, % -10 1 -3 4 -3 3 Operating income -190 222 2,216 2,474 -10 1,889 2,147 Operating margin, % -3.7 4.0 10.1 10.7 7.1 7.7 Operating income excl. items affecting comparability* -181 222 2,318 2,511 -8 1,963 2,156 Operating margin excl. items affecting comparability*, % -3.5 4.0 10.6 10.9 7.4 7.8 * Alternative Performance Measure, refer to "Definitions". Net sales, SEKm Operating income excl. IAC, SEKm 0 8,000 16,000 24,000 32,000 40,000 0 2,000 4,000 6,000 8,000 10,000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net sales Net sales, LTM -10% -5% 0% 5% 10% 15% 20% -800 -400 0 400 800 1,200 1,600 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Operating income Operating margin, LTM
Page 6
Gardena Division 6 (20) Financial summary Net sales Third quarter 2026 Net sales increased organically by 8%. Net sales increased by 13% to SEK 2,038m (1,799), including a positive impact of 5% from changes in exchange rates. The increase was attributable to a positive development in the watering business in both Europe and North America. January – September 2026 Net sales decreased organically by 4%. Net sales decreased by 6% to SEK 9,853m (10,512), including an impact of -2% from changes in exchange rates. The decline was attributable to lower sales in both the Powered Garden and Hand tools BPUs in Europe. Operating income Third quarter 2026 Operating income amounted to SEK -141m (-161), and the operating margin was -6.9% (-9.0). Excluding items affecting comparability, operating income amounted to SEK -88m (-161), and the operating margin was -4.3% (-9.0). The improvement was mainly attributable to higher volumes and a positive product mix. Changes in exchange rates had a positive impact of SEK 27m compared with the preceding year. Acquisition-related amortization amounted to SEK -28m (-28). January – September 2026 Operating income amounted to SEK 726m (1,106) and the operating margin was 7.4% (10.5). Excluding items affecting comparability, operating income was SEK 1,038m (1,106) and the operating margin was 10.5% (10.5). The negative impact from lower volumes and cost inflation was largely compensated by savings measures and a positive product mix. Changes in exchange rates had a positive impact of SEK 22m compared with the preceding year, and tariff refunds amounted to SEK 29m. Acquisition-related amortization amounted to SEK -80m (-86). Q3 Q3 Jan-Sep Jan-Sep Full year SEKm 2026 2025 ∆% 2026 2025 ∆% LTM* 2025 Net sales 2,038 1,799 13 9,853 10,512 -6 10,834 11,493 Organic growth*, % 8 -7 -4 -2 -4 -3 Operating income -141 -161 13 726 1,106 -34 349 729 Operating margin, % -6.9 -9.0 7.4 10.5 3.2 6.3 Operating income excl. items affecting comparability* -88 -161 45 1,038 1,106 -6 662 730 Operating margin excl. items affecting comparability*, % -4.3 -9.0 10.5 10.5 6.1 6.4 * Alternative Performance Measure, refer to "Definitions". Net sales, SEKm Operating income excl. IAC, SEKm 0 4,000 8,000 12,000 16,000 20,000 0 1,000 2,000 3,000 4,000 5,000 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net sales Net sales, LTM -10% -5% 0% 5% 10% 15% -600 -300 0 300 600 900 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Operating income Operating margin, LTM
Page 7
Husqvarna Construction Division 7 (20) Financial summary Net sales Third quarter 2026 Net sales amounted to SEK 1,782m (1,773). Growth was noted for Power cutters in the Sawing & Drilling BPU, the Compaction, Placement & Demolition BPU and aftermarket sales. January – September 2026 Net sales increased organically by 2%. Net sales decreased by 1% to SEK 5,422m (5,501), including an impact of -3% from changes in exchange rates. The organic increase was mainly driven by the Sawing & Drilling BPU and solid aftermarket sales. Operating income Third quarter 2026 Operating income amounted to SEK 111m (205), and the operating margin was 6.2% (11.5). Excluding items affecting comparability, the operating income was SEK 133m (205) and the operating margin was 7.5% (11.5). The decrease was attributable to lower production volumes, cost inflation, and exchange rates. Changes in exchange rates had an impact of SEK -22m compared with the preceding year. Acquisition- related amortization amounted to SEK -23m (-23). January – September 2026 Operating income amounted to SEK 488m (576). The operating margin was 9.0% (10.5). Excluding items affecting comparability, the operating income was SEK 512m (576), and the operating margin was 9.4% (10.5), where tariff refunds had a positive impact of SEK 99m. Changes in exchange rates had an impact of SEK -89m compared with the preceding year. Acquisition-related amortization amounted to SEK -67m (-70). Q3 Q3 Jan-Sep Jan-Sep Full year SEKm 2026 2025 ∆% 2026 2025 ∆% LTM* 2025 Net sales 1,782 1,773 0 5,422 5,501 -1 7,098 7,177 Organic growth*, % 0 3 2 -4 2 -2 Operating income 111 205 -46 488 576 -15 551 639 Operating margin, % 6.2 11.5 9.0 10.5 7.8 8.9 Operating income excl. items affecting comparability* 133 205 -35 512 576 -11 577 641 Operating margin excl. items affecting comparability*, % 7.5 11.5 9.4 10.5 8.1 8.9 * Alternative Performance Measure, refer to "Definitions". Net sales, SEKm Operating income excl. IAC, SEKm 0 2,000 4,000 6,000 8,000 10,000 0 500 1,000 1,500 2,000 2,500 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Net sales Net sales, LTM 0% 2% 4% 6% 8% 10% 0 60 120 180 240 300 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 2024 2025 2026 Operating income Operating margin, LTM
Page 8
Husqvarna Group | Interim Report, Q3 2026 8 (20) Sustainability The Group has two sustainability targets: Carbon and Circular. The Carbon target is to reduce greenhouse gas emissions across the value chain by 60% by 2030, with 2015 as the base year. The Circular target is to improve resource efficiency across the product lifecycle and increase the share of net sales generated from circular offerings to 25% by 2030. CO₂ emissions across the value chain for the rolling 12- month period amounted to 4,058 thousand tons (4,216), corresponding to a decrease of 3.7% compared with the same quarter last year and 54.3% compared with the 2015 base year. The reduction was primarily driven by product volume and mix effects, resulting in lower upstream and product-use emissions. The share of circular offerings for the rolling 12-month period increased to 17.3% of net sales compared to 15.9% in the corresponding period last year. While the share decreased slightly by 0.4 percentage points compared to the previous quarter, aftermarket solutions and robotic lawn mowers continued to be the largest contributors to circular sales. The approach to carbon accounting and circular offerings can be found in the Sustainability section of the corporate website. Significant events During the quarter On September 11, Husqvarna Group announced it had become the first robotics company to receive Conditional Approval from the Federal Communications Commission (FCC) for foreign-produced advanced robotic devices on the US market, following an announcement from The FCC's Public Safety and Homeland Security Bureau. On September 14, members of the Nomination Committee for the Husqvarna AB 2027 Annual General Meeting were appointed, as follows: Petra Hedengran (Chair, appointed by Investor AB), Louise Lindh (appointed by L E Lundbergföretagen AB), Fredrik Ahlin (appointed by If Skadeförsäkring AB), Oskar Börjesson (appointed by Livförsäkringsbolaget Skandia) and Torbjörn Lööf (Board Chair of Husqvarna AB). The 2027 AGM of Husqvarna AB (publ) will be held on Wednesday, April 28, 2027 in Huskvarna, Sweden. After the quarter No significant events were announced after the quarter. Auditors’ review report This interim report has not been subject to review by the auditors. Q3 Q3 Change since 2015 2026 2025 ∆% base year CO₂ emissions across the value chain, thousand tons, LTM* 4,058 4,216 -3.7 -54.3% Share of sales from circular offerings, LTM*, % 17.3 15.9 +1.4pp N/A Sustainability overview Stockholm, October 21, 2026 Glen Instone CEO
Page 9
Husqvarna Group | Interim Report, Q3 2026 9 (20) Financial reports summary Group Condensed consolidated income statement Group Condensed comprehensive income statement Q3 Q3 Jan-Sep Jan-Sep Full year SEKm 2026 2025 2026 2025 LTM* 2025 Net sales 9,012 9,204 37,356 39,184 44,785 46,613 Cost of goods sold -6,765 -6,626 -25,894 -26,998 -31,600 -32,704 Gross income 2,247 2,578 11,462 12,187 13,185 13,909 Gross margin, % 24.9 28.0 30.7 31.1 29.4 29.8 Selling expenses -1,903 -1,807 -6,151 -6,170 -7,907 -7,926 Administrative expenses -680 -633 -2,367 -2,302 -3,139 -3,074 Other operating income/expenses 1 4 32 20 1 -11 Operating income -334 141 2,977 3,735 2,140 2,898 Operating margin, % -3.7 1.5 8.0 9.5 4.8 6.2 Financial items, net -162 -182 -571 -583 -738 -749 Income after financial items -496 -41 2,405 3,153 1,402 2,149 Margin, % -5.5 -0.4 6.4 8.0 3.1 4.6 Income tax 92 31 -605 -613 -372 -380 Net income for the period -404 -10 1,800 2,540 1,030 1,769 Net income for the period attributable to: Equity holders of the Parent Company -403 -10 1,800 2,538 1,031 1,768 Non-controlling interest -1 0 0 2 -1 1 Earnings per share: Before dilution, SEK -0.70 -0.02 3.15 4.44 1.80 3.09 After dilution, SEK -0.70 -0.02 3.14 4.43 1.80 3.09 Average number of shares outstanding: Before dilution, millions 571.9 571.8 571.8 571.7 571.8 571.7 After dilution, millions 572.9 572.5 572.9 572.4 572.8 572.5 Comparative figures have been restated due to a reclassification of certain costs to better reflect the nature of the expenses. Within cost of goods sold, SEK -45m (Q3 2025), SEK -144m (Jan-Sep 2025) and SEK -190m (full year 2025) have been reclassified from selling expenses. Q3 Q3 Jan-Sep Jan-Sep Full year SEKm 2026 2025 2026 2025 LTM* 2025 Net income for the period -404 -10 1,800 2,540 1,030 1,769 Other comprehensive income Items that will not be reclassified to the income statement: Remeasurements on defined benefit pension plans, net of tax 104 102 -2 85 15 102 Total items that will not be reclassified to the income statement, net of tax 104 102 -2 85 15 102 Items that may be reclassified to the income statement: Translation differences 691 -195 2,140 -3,781 1,446 -4,475 Net investment hedge, net of tax -263 75 -833 1,799 -560 2,071 Cash flow hedges, net of tax 44 17 -4 -44 56 16 Total items that may be reclassified to the income statement, net of tax 472 -102 1,304 -2,027 942 -2,388 Other comprehensive income, net of tax 575 0 1,302 -1,942 957 -2,287 Total comprehensive income for the period 172 -11 3,102 598 1,987 -517 Total comprehensive income attributable to: Equity holders of the Parent Company 172 -11 3,101 596 1,987 -518 Non-controlling interest -1 0 0 2 -1 1
Page 10
Husqvarna Group | Interim Report, Q3 2026 10 (20) Group Condensed consolidated balance sheet Assets held for sale of SEK 122m relate to a component supplier acquired with the intention of subsequent divestment. A purchase price allocation has not yet been prepared due to incomplete financial information. Sep 30 Sep 30 Dec 31 2026 2025 2025 Assets Property, plant and equipment 6,468 6,879 6,668 Right of use assets 1,822 1,600 1,641 Goodwill 9,954 9,596 9,380 Other intangible assets 8,472 8,375 8,265 Investments in associated companies 2 32 2 Derivatives 81 0 13 Other non-current assets 1,001 879 1,072 Deferred tax assets 1,788 1,836 1,828 Total non-current assets 29,589 29,198 28,869 Inventories 12,435 12,248 13,847 Assets held for sale 122 - - Trade receivables 5,844 5,730 4,990 Derivatives 390 321 577 Current tax receivables 515 427 462 Other current assets 1,629 1,667 1,641 Cash and cash equivalents 5,400 3,895 1,707 Total current assets 26,335 24,287 23,224 Total assets 55,924 53,485 52,094 Equity and liabilities Equity attributable to equity holders of the Parent Company 25,928 24,640 23,537 Non-controlling interests 2 4 3 Total equity (Note 4) 25,930 24,644 23,540 Borrowings 8,291 9,802 9,200 Lease liabilities 1,299 1,028 1,199 Derivatives - 41 18 Deferred tax liabilities 2,257 2,167 2,291 Provisions for pensions and other post-employment benefits 1,969 1,931 1,905 Other provisions 666 600 556 Total non-current liabilities 14,482 15,569 15,169 Trade payables 4,380 5,253 5,786 Current tax liabilities 498 695 381 Other liabilities 4,731 4,350 3,814 Dividend payable 432 288 - Borrowings 2,861 697 1,716 Lease liabilities 673 586 616 Derivatives 809 285 249 Other provisions 1,127 1,118 823 Total current liabilities 15,512 13,272 13,385 Total equity and liabilities 55,924 53,485 52,094 SEKm
Page 11
Husqvarna Group | Interim Report, Q3 2026 11 (20) Group Condensed consolidated cash flow statement Q3 Q3 Jan-Sep Jan-Sep Full year 2026 2025 2026 2025 2025 Operations Operating income -334 141 2,977 3,735 2,898 Non-cash items 752 711 2,836 2,406 3,001 Cash items Paid restructuring expenses -103 -96 -221 -403 -584 Net financial items, received/paid -140 -141 -562 -447 -575 Taxes paid/received -57 -56 -347 -310 -370 Cash flow from operations, excluding change in operating assets and liabilities 117 559 4,683 4,981 4,371 Net working capital Change in inventories 498 -383 2,451 1,141 -731 Change in trade receivables 4,580 4,990 -520 -527 120 Change in trade payables -1,811 -1,542 -1,607 -358 249 Change in other operating assets/liabilities -629 -824 598 526 194 Net working capital change 2,638 2,240 922 781 -169 Cash flow from operations 2,755 2,799 5,605 5,761 4,202 Investments Acquisitions of subsidiaries/operations -117 - -117 -28 -29 Proceeds from sale of property, plant and equipment 7 11 59 317 470 Investments in property, plant and equipment and intangible assets -460 -491 -1,333 -1,627 -2,258 Investments and divestments of financial assets 37 12 34 10 -69 Cash flow from investments -532 -468 -1,357 -1,328 -1,886 Cash flow from operations and investments 2,223 2,331 4,248 4,433 2,316 Financing Dividend paid to shareholders - - -284 -286 -572 Dividend paid to non-controlling interests - - -1 -1 -1 Proceeds/repayment of borrowings -10 -1,759 90 -1,914 -1,415 Other financing activities -290 -145 -475 -203 -476 Cash flow from financing -300 -1,904 -670 -2,404 -2,463 Total cash flow 1,924 427 3,578 2,029 -147 Cash and cash equivalents at the beginning of the period 3,457 3,475 1,707 1,970 1,970 Exchange rate differences referring to cash and cash equivalents 20 -8 115 -105 -116 Cash and cash equivalents at the end of the period 5,400 3,895 5,400 3,895 1,707 SEKm Q3 Q3 Jan-Sep Jan-Sep Full year 2026 2025 2026 2025 2025 EBITDA* 426 882 5,278 5,963 5,866 Non-cash and repayment of lease liabilities -183 -209 24 -374 -699 EBITDA excl. non-cash and repayment of lease liabilities 244 673 5,302 5,589 5,167 Investments in property, plant and equipment and intangible assets -460 -491 -1,333 -1,627 -2,258 Net working capital change 2,638 2,240 922 781 -169 Free operating cash flow* 2,422 2,423 4,891 4,743 2,741 Free operating cash flow, SEKm * Alternative Performance Measure, refer to "Definitions".
Page 12
Husqvarna Group | Interim Report, Q3 2026 12 (20) Parent Company Condensed income statement Parent Company Condensed balance sheet Q3 Q3 Jan-Sep Jan-Sep Full year 2026 2025 2026 2025 2025 Net sales 4,174 4,798 18,914 19,244 23,813 Cost of goods sold -3,362 -4,152 -14,466 -15,321 -19,211 Gross income 812 646 4,448 3,923 4,603 Selling expenses -433 -517 -1,513 -1,653 -2,185 Administrative expenses -455 -388 -1,599 -1,554 -2,089 Other operating income/expense 0 - -2 0 0 Operating income -76 -259 1,333 716 330 Financial items, net -481 500 -1,321 2,675 2,051 Income after financial items -557 241 13 3,392 2,381 Appropriations -79 -28 -241 -111 -3 Income before taxes -636 213 -228 3,280 2,378 Tax on profit for the year 130 92 76 -423 -397 Income for the period -505 305 -152 2,858 1,981 SEKm Sep 30 Sep 30 Dec 31 2026 2025 2025 Non-current assets 40,201 52,976 40,410 Current assets 21,689 11,893 19,246 Total assets 61,890 64,869 59,656 Equity 28,574 30,295 29,514 Untaxed reserves 1,424 1,424 1,424 Provisions 840 751 734 Non-current liabilities 9,232 9,749 10,067 Current liabilities 21,819 22,650 17,917 Total equity and liabilities 61,890 64,869 59,656 SEKm
Page 13
Husqvarna Group | Interim Report, Q3 2026 13 (20) Notes Note 1 Accounting Principles This interim report has been prepared in accordance with IAS 34, Interim financial reporting and the Swedish Annual Accounts Act. The financial statement of the Parent Company has been prepared in accordance with the Swedish Annual Accounts Act, chapter 9 and the Swedish Financial Reporting Board’s standard RFR 2 Accounting for Legal Entities. The accounting principles adopted are consistent with those presented in the Annual Report 2025, which is available at www.husqvarnagroup.com. Note 2 Risks and uncertainty factors Husqvarna Group is exposed to several risks across the value chain as well as financial risks. Risks across the value chain may arise in areas such as product and solutions development, sourcing, manufacturing, transportation, customer interaction and customer use. Financial risks refer primarily to currency exchange rates, interest rates, financing, tax and credit risks. Risk management is integrated into Husqvarna Group’s core business processes and day-to-day activities and is guided by a comprehensive set of Group policies and related procedures. Ongoing geopolitical tensions, such as the war in Iran and the impacts in and around the Persian Gulf, lead to increasing uncertainty and rising commodity and logistics cost. Changes in prices of commodities such as oil and gas may directly or indirectly affect the Group’s financial position and operating profit through higher costs, price increases and reduced purchasing power among customers and consumers. For further information on risks and uncertainty factors, see the Annual Report 2025 which is available at www.husqvarnagroup.com. Note 3 Parent Company Net sales for January – September 2026 for the Parent Company, Husqvarna AB (publ) amounted to SEK 18,914m (19,244), of which SEK 14,472m (14,707) referred to sales to Group companies and SEK 4,442m (4,537) to external customers. Income after financial items amounted to SEK 13m (3,392). Income for the period amounted to SEK -152m (2,858). Investments in property, plant and equipment and intangible assets amounted to SEK 836m (966). Cash and cash equivalents amounted to SEK 3,853m (2,038) at the end of the quarter. Undistributed earnings in the Parent Company amounted to SEK 24,896m (26,879).
Page 14
Husqvarna Group | Interim Report, Q3 2026 14 (20) Note 4 Change in Group equity, condensed Fair value of financial instruments The Group’s financial instruments carried at fair value are derivatives. Derivatives belong to Level 2 in the fair value hierarchy. Future cash flows have been discounted using current quoted market interest rates and exchange rates for similar instruments. Further information about the accounting principles for financial instruments and methods used for estimating the fair value of the financial instruments are described in note 1 and note 20, respectively, in the Annual Report 2025. The carrying value approximates fair value for all financial instruments. SEKm Attributable to equity holders of the Parent company Non-controlling interests Total equity Opening balance January 1, 2025 24,619 3 24,622 Share-based payment 134 - 134 Hedge for LTI-programs -135 - -135 Dividend -574 -1 -575 Total comprehensive income 596 2 598 Closing balance September 30, 2025 24,640 4 24,644 Opening balance January 1, 2026 23,537 3 23,540 Share-based payment -36 - -36 Hedge for LTI-programs 43 - 43 Dividend -718 -1 -719 Total comprehensive income 3,101 0 3,102 Closing balance September 30, 2026 25,928 2 25,930
Page 15
15 (20) Husqvarna Group | Interim Report, Q3 2026 Note 5 Key performance indicators Q3 Q3 Jan-Sep Jan-Sep Full year EBITDA*, SEKm 2026 2025 2026 2025 LTM* 2025 Operating income -334 141 2,977 3,735 2,140 2,898 Reversals Depreciation 478 483 1,406 1,442 1,887 1,923 Amortization 265 244 812 757 1,077 1,022 Impairment 17 14 84 29 77 22 Depreciation, amortization and impairment 760 741 2,301 2,228 3,041 2,968 EBITDA* 426 882 5,278 5,963 5,181 5,866 Excl. items affecting comparability* 501 881 5,650 5,970 5,567 5,888 EBITDA margin, % 4.7 9.6 14.1 15.2 11.6 12.6 Excl. items affecting comparability*, % 5.6 9.6 15.1 15.2 12.4 12.6 *Alternative Performance Measure, refer to "Definitions". Organic Growth*%, SEKm Q3 2026 Reported net sales Acquisitions/ divestments Net sales before currency translation Currency translation Adjusted net sales 2026 9,012 9,012 9,012 2025 9,204 - 9,204 233 9,437 Growth -192 -192 -425 Growth, % -2 -2 -5 Jan-Sep 2026 Reported net sales Acquisitions/ divestments Net sales before currency translation Currency translation Adjusted net sales 2026 37,356 37,356 37,356 2025 39,184 - 39,184 -993 38,192 Growth -1,828 -1,828 -836 Growth, % -5 -5 -2 LTM* Reported net sales Acquisitions/ divestments Net sales before currency translation Currency translation Adjusted net sales 2026 44,785 44,785 44,785 2025 47,648 - 47,648 -1,818 45,830 Growth -2,863 -2,863 -1,045 Growth, % -6 -6 -2 *Alternative Performance Measure, refer to "Definitions". Sep 30 Sep 30 Dec 31 2026 2025 2025 Operating working capital, SEKm 13,899 12,725 13,051 Average operating working capital LTM, SEKm 15,466 15,236 14,739 Operating working capital/net sales*, % 34.5 32.0 31.6 Return on capital employed, % 5.3 5.9 7.1 Excl. items affecting comparability*, % 6.4 7.3 7.1 Return on equity, % 4.2 5.8 7.2 Excl. items affecting comparability*, % 5.6 7.6 7.2 Capital turn-over rate, times 1.2 1.3 1.3 Equity/assets ratio, % 46 46 45 Equity per share after dilution, SEK 45.3 43.0 41.1 Average number of employees 11,565 12,067 11,915 * Alternative Performance Measure, refer to "Definitions". Key data
Page 16
16 (20) Husqvarna Group | Interim Report, Q3 2026 Sep 30 Sep 30 Dec 31 2026 2025 2025 Net pension liability 1,847 1,740 1,735 Other interest-bearing liabilities 11,961 10,826 11,183 Lease liabilities 1,972 1,614 1,815 Dividend payable 432 288 - Less: Liquid funds and other interest-bearing assets -6,812 -4,557 -2,900 Net debt* 9,400 9,911 11,833 Net debt/equity ratio 0.36 0.40 0.50 Net debt/EBITDA excl. items affecting comparability* 2.1 2.2 2.1 * Alternative Performance Measure, refer to "Definitions". Net debt*, SEKm Sep 30 Sep 30 Dec 31 2026 2025 2025 Tangible assets 6,468 6,879 6,668 Intangible assets 18,426 17,971 17,645 Cash and cash equivalents 5,400 3,895 1,707 Other assets 25,492 24,741 25,912 Other liabilities -13,660 -14,183 -13,651 Capital employed* 42,126 39,303 38,281 Capital employed*, LTM Average 40,369 41,564 40,655 Operating income, LTM 2,140 2,450 2,898 Return on capital employed*, % 5.3 5.9 7.1 Operating income excl. items affecting comparability*, LTM 2,580 3,048 2,901 Return on capital employed excl. items affecting comparability*, % 6.4 7.3 7.1 * Alternative Performance Measure, refer to "Definitions". Return on capital employed*, SEKm
Page 17
17 (20) Husqvarna Group | Interim Report, Q3 2026 Note 6 Net sales and income by division and quarter SEKm Group Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Net sales 9,012 14,383 13,962 7,429 9,204 15,277 14,704 8,464 9,739 Net sales, LTM* 44,785 44,977 45,871 46,613 47,648 48,183 48,337 48,352 48,494 Operating income -334 1,600 1,710 -837 141 2,063 1,532 -1,285 52 Operating margin, % -3.7 11.1 12.3 -11.3 1.5 13.5 10.4 -15.2 0.5 Operating income excl. IAC* -246 1,950 1,718 -841 140 2,041 1,561 -694 53 Operating margin excl. IAC*, % -2.7 13.6 12.3 -11.3 1.5 13.4 10.6 -8.2 0.5 Operating income, LTM* 2,140 2,615 3,077 2,898 2,450 2,362 2,198 2,597 2,899 Operating margin, LTM*, % 4.8 5.8 6.7 6.2 5.1 4.9 4.5 5.4 6.0 Operating income excl. IAC*, LTM* 2,580 2,966 3,058 2,901 3,048 2,961 2,825 3,195 3,722 Operating margin excl. IAC*, LTM*, % 5.8 6.6 6.7 6.2 6.4 6.1 5.8 6.6 7.7 Husqvarna Forest & Garden Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Net sales 5,133 8,338 8,468 4,725 5,594 8,701 8,768 5,332 5,825 Net sales, LTM* 26,665 27,125 27,488 27,788 28,395 28,626 28,647 28,152 28,077 Operating income -190 1,099 1,308 -327 222 1,145 1,107 -414 144 Operating margin, % -3.7 13.2 15.4 -6.9 4.0 13.2 12.6 -7.8 2.5 Operating income excl. IAC* -181 1,189 1,310 -355 222 1,153 1,136 -277 144 Operating margin excl. IAC*, % -3.5 14.3 15.5 -7.5 4.0 13.3 13.0 -5.2 2.5 Operating income, LTM* 1,889 2,302 2,347 2,147 2,060 1,981 1,982 2,065 2,101 Operating margin, LTM*, % 7.1 8.5 8.5 7.7 7.3 6.9 6.9 7.3 7.5 Operating income excl. IAC*, LTM* 1,963 2,366 2,331 2,156 2,235 2,157 2,153 2,208 2,478 Operating margin excl. IAC*, LTM*, % 7.4 8.7 8.5 7.8 7.9 7.5 7.5 7.8 8.8 Gardena Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Net sales 2,038 4,072 3,743 981 1,799 4,668 4,045 1,264 2,037 Net sales, LTM* 10,834 10,596 11,192 11,493 11,776 12,014 11,911 12,281 12,342 Operating income -141 420 447 -377 -161 816 451 -467 -156 Operating margin, % -6.9 10.3 11.9 -38.4 -9.0 17.5 11.1 -36.9 -7.6 Operating income excl. IAC* -88 674 452 -376 -161 816 451 -388 -156 Operating margin excl. IAC*, % -4.3 16.6 12.1 -38.3 -9.0 17.5 11.1 -30.7 -7.6 Operating income, LTM* 349 329 725 729 639 645 520 742 802 Operating margin, LTM*, % 3.2 3.1 6.5 6.3 5.4 5.4 4.4 6.0 6.5 Operating income excl. IAC*, LTM* 662 589 731 730 718 724 600 823 946 Operating margin excl. IAC*, LTM*, % 6.1 5.6 6.5 6.4 6.1 6.0 5.0 6.7 7.7 Husqvarna Construction Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Net sales 1,782 1,928 1,712 1,676 1,773 1,871 1,857 1,820 1,832 Net sales, LTM* 7,098 7,089 7,032 7,177 7,321 7,381 7,615 7,766 7,915 Operating income 111 267 110 63 205 237 135 -239 150 Operating margin, % 6.2 13.8 6.4 3.8 11.5 12.7 7.3 -13.1 8.2 Operating income excl. IAC* 133 268 110 65 205 237 135 91 150 Operating margin excl. IAC*, % 7.5 13.9 6.4 3.9 11.5 12.7 7.3 5.0 8.2 Operating income, LTM* 551 644 615 639 337 282 249 318 553 Operating margin, LTM*, % 7.8 9.1 8.7 8.9 4.6 3.8 3.3 4.1 7.0 Operating income excl. IAC*, LTM* 577 648 617 641 667 613 581 649 738 Operating margin excl. IAC*, LTM*, % 8.1 9.1 8.8 8.9 9.1 8.3 7.6 8.4 9.3 Group Common Q3 Q2 Q1 Q4 Q3 Q2 Q1 Q4 Q3 Net sales 60 44 39 46 38 36 34 47 44 Operating income -114 -185 -154 -196 -125 -135 -161 -165 -86 Operating income excl. IAC* -110 -182 -155 -176 -125 -165 -161 -121 -86 The majority of net sales are recognized at a certain point in time. *Alternative Performance Measure, refer to "Definitions". 202420252026
Page 18
18 (20) Husqvarna Group | Interim Report, Q3 2026 Note 7 Items affecting comparability In Q3 2026, items affecting comparability amounted to SEK -88m. These were primarily related to the execution of the Group’s cost-saving initiatives, including personnel reductions as well as logistics and footprint reorganizations. In Q2 2026, items affecting comparability amounted to SEK -349m. These were primarily related to the execution of the Group’s cost-saving initiatives, including personnel reductions and the discontinuation of expansion activities at production facilities in Germany, as well as a write-down associated with the Brastad factory. In Q1 2026, items affecting comparability amounted to SEK -7m. Note 8 Net assets by division* Note 9 Number of shares Q3 Q3 Jan-Sep Jan-Sep Full year 2026 2025 2026 2025 2025 Restructuring costs Write-down/reversal of non-current assets -13 - -73 - 19 Write-down of inventory -1 - -1 - -43 Other -73 1 -370 -7 22 Total items affecting comparability -88 1 -445 -7 -2 SEKm Q3 Q3 Jan-Sep Jan-Sep Full year Classification in the income statement SEKm 2026 2025 2026 2025 2025 Cost of goods sold -58 1 -396 -54 -49 Selling expenses -16 - -24 - 6 Administrative expenses -14 - -25 30 54 Other operating income/expenses - - - 17 -13 Total items affecting comparability -88 1 -445 -7 -2 Sep 30 Sep 30 Sep 30 Sep 30 Sep 30 Sep 30 2026 2025 2026 2025 2026 2025 Husqvarna Forest & Garden 21,385 21,659 6,368 6,491 15,017 15,168 Gardena 16,043 15,794 2,629 3,179 13,414 12,615 Husqvarna Construction 7,931 7,756 1,399 1,357 6,531 6,400 Other** 3,631 3,528 3,265 3,156 367 372 Total 48,990 48,738 13,660 14,183 35,330 34,555 * Liquid assets, other interest-bearing assets, interest-bearing liabilities and equity are not included in the table above. ** Other include unallocated items, mostly tax and associated companies. Assets Liabilities Net Assets SEKm Number of shares as of December 31, 2025 107,824,905 463,944,093 4,574,780 576,343,778 Conversion of shares -292,000 292,000 - Shares allocated to LTI-program 107,868 -107,868 - Number of shares as of September 30, 2026 107,532,905 464,343,961 4,466,912 576,343,778 * All repurchased B-shares are included in a third party share swap agreement. Outstanding A-shares Outstanding B-shares Repurchased B-shares * Total
Page 19
Husqvarna Group | Interim Report, Q3 2026 19 (20) Definitions This report includes financial measures as required by the financial reporting framework applicable to Husqvarna Group, which is based on IFRS. In addition, there are other measures (Alternative Performance Measures) used by management and other stakeholders to analyze trends and performance of the Group’s operations that cannot be directly read or derived from the financial statements. Husqvarna stakeholders should not consider these as substitutes, but rather as additions to the financial reporting measures prepared in accordance with IFRS. Please note that the Alternative Performance Measures, as defined, may not be comparable to similarly titled measures used by other companies. Refer below for a list of definitions of all measures and indicators used, referred to and presented in this report. Computation of average amounts The computation of key ratios is based on averages of affected balance sheet items over the last 12 months. Last twelve months (LTM) Last twelve months rolling has been included to assist stakeholders in their analysis of the seasonality that Husqvarna Group's business is exposed to. Capital employed Total equity and liabilities less non-interest-bearing debt including deferred tax liabilities. This measure shows the amount of capital that is used in the operations and is an important component for measuring the return from operations. Capital expenditure Investments in property, plant and equipment, right of use assets and intangible assets. Capital turnover rate Net sales last twelve months divided with average net assets. Shows how effectively capital is managed and is a key measure for monitoring value creation. Earnings per share (EPS), after dilution Earnings per share is expressed as net income attributable to equity holders of the Parent Company divided by the average number of shares outstanding (net of treasury shares), after dilution. Earnings per share is a good measure of the company’s profitability and is used to determine the value of the company’s outstanding shares. EBITDA EBITDA is a measure of earnings before interest, taxes, depreciation, amortization and impairment charges. EBITDA measures Husqvarna Group's operating performance and the ability to generate cash from operations, without considering the capital structure of the Group or its fiscal environment. For a reconciliation of EBITDA refer to Note 5 Key Performance Indicators. EBITDA margin EBITDA as a percentage of net sales. Equity per share, after dilution Equity attributable to equity holders of the Parent Company divided by the average number of shares outstanding (net of treasury shares), after dilution. A measure of the amount of equity that exists per outstanding share is used for measuring the share against the share price. Equity/assets ratio Equity attributable to equity holders of the Parent Company as a percentage of total assets. A measure for showing financial risk, expressing the percentage of total assets that is financed by the owners. Free operating cash flow EBITDA, excluding non-cash and other items (lease payments and IAC), less investments in property, plant and equipment and intangible assets and including change in net working capital. For a reconciliation of free operating cash flow refer to the table below the cash flow statement. Free operating cash flow provides a measure of the cash generated by the Groups operating business. Gross margin Gross income as a percentage of net sales. Interest bearing liabilities Long-term and short-term borrowings, net pension liability and fair value derivative liabilities. Items affecting comparability (IAC) Within Items affecting comparability, Husqvarna includes items like restructuring costs and significant one-time expenses or income to enhance comparability between periods and provide a better understanding of the company’s underlying operating activities. Liquid funds Cash and cash equivalents, short-term investments and fair value derivative assets. Net assets Total assets excluding liquid funds and interest-bearing assets less operating liabilities, non-interest-bearing provisions and deferred tax liabilities. Net debt Net debt describes the Group’s gearing and its ability to repay its debts from cash generated from the Group´s ordinary business, if they were all due today. It is also used to analyze how future net interest costs will impact earnings. Net debt is defined as total interest-bearing liabilities plus dividend payable, less liquid funds and interest-bearing assets. Net debt/equity ratio Net debt in relation to total equity. Shows financial risk and is a useful measure to monitor the level of the company’s indebtedness. Net debt/EBITDA excl. items affecting comparability Average net debt in relation to EBITDA last twelve months, excluding items affecting comparability. Shows the company’s capacity to repay its debt, adjusted for the impact of items affecting comparability. Net sales growth Change in net sales compared to previous period in percentage. Operating margin Operating income as a percentage of net sales. Operating working capital Inventories and trade receivables less trade payables. This measure shows how much working capital is tied up in the operations and can be put in relation to sales to understand how efficient working capital is managed. Operating working capital/net sales Average operating working capital as a percentage of net sales last twelve months. This measure is an important indicator for how efficient working capital is managed. Organic growth Change in net sales, adjusted for material acquisitions, divestments, planned exits and currency translation effects. This measure is important in order to understand the underlying performance of the operations and increases the comparability between periods. Return on capital employed Operating income during the last twelve months as a percentage of average capital employed. A central ratio for measuring return on capital tied up in operations. Return on equity Net income attributable to equity holders of the Parent Company last twelve months as a percentage of average equity attributable to equity holders of the Parent Company. The indicator shows how shareholders’ capital yields interest during the period.
Page 20
20 (20) Webcast presentation and telephone conference A webcast presentation of the Q3 report hosted by Glen Instone, CEO and Patrik Johnson, CFO will be held at 9:00 CEST on Oct 21, 2026. To view the presentation, please use this link. The dial-in to the telephone conference (to ask questions): +46 (0) 8 505 100 31 (Sweden) or +44 203 059 58 63 (UK) Financial calendar 2027 February 3 Year-end Report 2026 April 7 Annual Report 2026 April 21 Interim Report January – March 2027 April 28 Annual General Meeting 2027, Huskvarna July 20 Interim Report January – June 2027 October 20 Interim Report January – September 2027 Contacts Emelie Alm, Vice President, Investor Relations +46 70 514 64 14 Husqvarna AB (publ), P.O. Box 7454, SE-103 92 Stockholm Hälsingegatan 49, +46 8 738 90 00, www.husqvarnagroup.com Reg. Nr: 556000-5331 Nasdaq Stockholm: HUSQ A, HUSQ B This report contains insider information that Husqvarna AB is required to disclose under the EU Market Abuse Regulation. The information was submitted for publication, through the contact person set out above, at 07:00 CEST on Oct 21, 2026. Factors affecting forward-looking statements This report contains some forward-looking statements. These statements are subject to risks and uncertainties that may give rise to major deviations in the result due to several aspects. These aspects include, among other things: consumer demand and market conditions in the geographical areas and lines of business in which Husqvarna operates, the effects of currency fluctuations, downward pressure on prices due to competition, success in developing new products, outcome of product responsibility litigation and progress in terms of reaching the goals set for productivity and efficient use of capital.