Demand helps Husqvarna boost profits in second quarter

07/20/2010 | Reuters

Husqvarna had an operating profit of $176.9 million in the second quarter, compared with $148.8 million in the same quarter last year. Demand in Europe and Asia fueled the increase, company officials said. "We think the underlying market has turned and that demand for our products has grown somewhat," said company CEO Magnus Yngen. "We see a recovery but not a dramatic, quick and strong recovery."

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