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1 year ago

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Electrolux flags cost cuts, warns on profit as inflation squeezes demand

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Electrolux flags cost cuts, warns on profit as inflation squeezes demand

Sweden's Electrolux on Monday announced plans to cut costs and warned its profit would drop as high inflation and low consumer confidence squeezed demand for its home appliances, while large investments in North America had yet to pay off.

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Electrolux flags cost cuts, warns on profit as inflation squeezes demand

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Electrolux flags cost cuts, warns on profit as inflation squeezes demand

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