Salem Radio Network News Thursday, August 18, 2022

Science

Electrolux Q4 profit falls

STOCKHOLM (Reuters) – Sweden’s Electrolux reported on Friday a drop in fourth-quarter operating profit and said it expects demand levels to be above pre-pandemic levels in 2022.

Operating profit at Europe’s biggest home appliances maker fell to 882 million Swedish crowns ($94.1 million) from a year-ago 2.50 billion.

($1 = 9.3736 Swedish crowns)

(Reporting by Helena Soderpalm; Editing by Johan Ahlander)

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