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Electrolux Q1 Loss Nearly Triples on Weak Demand but Beats Expectations usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as raw material costs eased, sending shares up 6%. Electrolux, which prices its products in many regions at the premium end of the market, has seen consumers opt for cheaper alternatives, but said on Friday that is saw consumer confidence indicators to be bottoming out. "The price pressure in North America and high promotional activity in other markets characterizing the latter part of 2023 continued in the first quarter." ....
STOCKHOLM -Securitas, the world s second-biggest security services group, on Wednesday reported better-than-expected free cash flow in the fourth quarter and said it had cut debt, sending shares up. ....
Sweden s Electrolux on Friday said its adjusted operating result swung to a profit in the third quarter, and separately announced further cost cuts due to continued weak demand and pricing pressure. -October 27, 2023 at 02:12 am EDT - MarketScreener ....
End of gardening season saps tool-maker Husqvarna rte.ie - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rte.ie Daily Mail and Mail on Sunday newspapers.