electrolux
The Swedish home applicance company, Electrolux, posted on Friday a bigger fourth-quarter loss as lower net sales fell. Looking into the beginning of 2024, the company projects weak consumer sentiment to continue with consumers shifting to lower price points and postponing purchases in discretionary categories. Demand in major markets is expected to stabilize in the course of the year. Demand for core appliances in 2024 full-year is expected to be relatively neutral for all regions compared to 2023. For the quarter, loss amounted to SEK 4.11 billion SEK $397 ($397 million), compared to the pri...
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