Electrolux revises down operating income outlook

Sunday, 15. December 2019 20:34

Electrolux AB said on Sunday that the reorganization of its North American business would affect its fourth-quarter operating income by roughly $70 million rather than the initially expected figure of $25 million.

The appliance maker is transitioning from its St Cloud, Minnesota, facility to a new one based in South Carolina, an investment worth $250 million, it revealed.

The Swedish company is set to report quarterly earnings on January 31, 2020.

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Breaking the News / TF