Husqvarna sales fall in Q2

STOCKHOLM — Husqvarna posted Q2 net sales of 11.5 million crowns, compared to 12.3 million the same period last year, while its operating income rose to 1.73 million crowns from 1.68 in Q2 of 2015. Shares closed 8.4% higher with the news that operating margins of 15% had beat the consensus estimate of 13.9%. CEO and president Kai Wärn called the results a “positive development,” achieved “despite lower demand for lawn and garden products in North America, which was affected by unfavorable weather.”