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INCREASED LOSSES AT ELECTROLUX

- Electrolux, the second-largest appliance maker, posted an increased loss in the fourth quarter due to high costs, strong price competition and weak demand in North America.

- The operating loss for the quarter is estimated at about 3.2 billion kronor ($311 million), compared with a loss of 2 billion kronor in the same period last year.

- Electrolux shares fell 5% in the wake of the news, bringing their full-year decline to 9%.

Do you invest in companies in this sector or in Electrolux directly?


I don't invest, but I'm surprised to see such a loss

The loss is really huge, it surprised me.

People stopped buying electrics or higher costs or what happened?