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Electrolux swings to operating profit in Q2
Global Banking & Finance Review®
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STOCKHOLM (Reuters) – Electrolux, the world’s second-biggest appliances maker, reported on Friday an operating profit that swung to a profit, as expected, and said consumer demand had continued to be mixed.
STOCKHOLM (Reuters) – Electrolux, the world’s second-biggest appliances maker, reported on Friday an operating profit that swung to a profit, as expected, and said consumer demand had continued to be mixed.
(Reporting by Marie Mannes, editing by Louise Rasmussen)
Operating profit is the profit a company makes from its core business operations, excluding any income derived from non-operational activities such as investments or sales of assets.
Consumer demand refers to the desire of consumers to purchase goods and services at given prices. It can fluctuate based on various factors including economic conditions and consumer preferences.
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