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Higher targets rev up chainsaw-maker Husqvarna (HUSQ B) stock

By Jenni Reid

12:10, 1 December 2021

A Husqvarna chainsaw
Swedish power tool giant Husqvarna has increased its growth and operating margin targets – Photo: Alamy

Swedish power tool manufacturer Husqvarna (HUSQ B) was among the top large cap risers among Nasdaq Nordic firms on Wednesday, as the firm upped its growth targets.  

Its stock was up 5.2% to SEK134 at 12:30 CET on the Swedish stock market. It has been trading at record highs since August after reporting increased profits in first-half results. 

Husqvarna said its new annual organic sales growth target was 5%, which was previously 2 percentage points ahead of the industry average. Its operating margin target is now 13%, up from above 10%. 

Electric dreams

Described by Reuters as the world’s biggest garden power tool manufacturer, Husqvarna reported a £305m ($229m) profit for the full-year 2020. 

This was down on £306m the previous year, as e-commerce sales grew but the business was disrupted by the early months of the pandemic. The company says it has since benefitted from more people doing at-home projects. 

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Its plan for growth over the next five years involves doubling sales of its solar-powered robot lawn mowers, selling more connected devices and increasing its share of electrified products versus petrol-powered tools. 

“I am proud that we can increase our growth and margin ambitions even after taking account of the recent temporary positive effects from the stay-at home trend,” said CEO Henric Andersson. 

“Global macro trends including sustainability, electrification, automation and digitalisation provide tremendous opportunities for the Husqvarna Group.”

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Read more: Sweden’s Sectra approves 5:1 share split

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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