Electrolux loss more than triples in 'challenging' 2023

By Agence France-Presse

Feb 03, 2024 12:08 am

STOCKHOLM: Swedish home appliances maker Electrolux said on Friday its net loss more than tripled in 2023 as soaring inflation, higher interest rates and geopolitical tensions weighed on consumers.

Electrolux chief executive Jonas Samuelson said 2023 'proved to be another challenging year' as its losses widened to 5.2 billion kronor ($500 million).

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