Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Electrolux's Third-Quarter Performance
Sweden's Electrolux, the second-largest appliance manufacturer globally, announced its third-quarter earnings on Friday, revealing an adjusted operating profit that fell short of analysts' expectations. The company reported an operating profit, excluding non-recurring items, of 717 million crowns ($67.8 million), a significant increase from 314 million crowns in the same quarter last year. However, this figure was below the forecast of 855 million crowns from an LSEG poll.
Operating Profit Analysis
When factoring in one-off costs, Electrolux’s operating profit decreased to 349 million crowns, down from 608 million crowns year-over-year. The company attributed this mixed performance to ongoing challenges in the European and North American markets.
CEO's Insights on Cost Initiatives
CEO Jonas Samuelson, who will retire at the end of the year, emphasized that despite the tough market conditions, Electrolux is making strides in its cost management initiatives. "While market conditions remained challenging in Europe and North America, we continued to make progress on our cost initiatives," he stated.
Conclusion
As Electrolux navigates a competitive landscape, the narrowing losses in its North American business signal potential recovery, although the company faces continued challenges ahead.
