Electrolux has warned that supply chain challenges will intensify in the coming months and that it will have to raise prices further because of surging costs.
The world’s second-largest consumer appliances manufacturer said on Wednesday that its underlying sales at SKr31bn ($3.6bn) were flat in the third quarter compared with a bumper period a year ago when consumers spent on home improvements during the pandemic.
Operating profit almost halved to SKr1.6bn as Electrolux was unable to meet demand. Price increases compensated for rises in raw material costs but not higher prices for logistics or electronic components, the group said.
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