Electrolux posts 4Q beat on home-improvement boom

Electrolux AB on Tuesday posted a forecast-beating fourth-quarter net profit as customers continued to allocate more of their household budgets to home improvement, but cautioned that visibility this year remains limited.

The Swedish home-appliance manufacturer posted net profit of 1.86 billion Swedish kronor ($220.7 million) in the quarter, up from SEK560 million last year, as sales rose 5.9% to SEK33.9 billion.

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