- (PLX AI) - Husqvarna shares dropped more than 5% at the open after the company warned that it may lose sales of up to SEK 2 billion if engine supplier dispute is not solved.
- • Briggs & Stratton LLC (B&S) has informed Husqvarna that B&S will only deliver a very small portion of the engines for ride-on mowers that Husqvarna had ordered in advance of the 2022 season
- • We estimate that this risks about 4% of Husqvarna's sales and 8% of operating profit for 2022, analysts at Kepler Cheuvreux said
- • Kepler rates Husqvarna buy, with a SEK 135 price target