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Electrolux, the world's second-biggest appliances maker, reported on Friday a bigger increase than expected in operating loss for the first quarter as weak market demand hurt sales volumes. ...
Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor performance in North America, but the loss was smaller than expected as raw material costs eased, sending shares up 6%. Electrolux, which prices its products in many regions at the premium end of the market, has seen consumers opt for cheaper alternatives, but said on Friday that is saw consumer confidence indicators to be bottoming out. "The price pressure in North America and high promotional activity in other markets characterizing the latter part of 2023 continued in the first quarter."
Sweden's Autoliv reported a first-quarter adjusted operating profit above expectations on Friday and said it had outperformed global light vehicle production by six basis points. ...
STOCKHOLM -Swedish banking group Swedbank reported a first-quarter net profit above expectations on Thursday and said the economy had proved surprisingly resilient in the quarter. ...
Sweden's Crown Princess Victoria will start a special officer training later this year to deepen her military training, the Royal Court said on Thursday. The training is part of preparations for her future role as head of state, the court said in a statement. "The Crown Princess will during autumn 2024 begin special officer training to acquire a deeper understanding of tactics, military science and military strategy," it said, adding that the training includes both theory and practice.