Sweden's Husqvarna misses profit forecast on weak North American demand; CEO to step down
(Reuters) -Sweden's Husqvarna reported first-quarter operating profit below expectations on Thursday, hit by soft demand in North America, currency headwinds and lower prices, while CEO Pavel Hajman said he would step down. Husqvarna's earnings before interest and tax fell 21% to 1.53 billion Swedish crowns ($157.97 million), missing analysts' average forecast of 1.71 billion crowns per data compiled by LSEG. Husqvarna shares dropped 7% as of 0737 GMT, and were among worst performers on the pan-European 600 index.