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."
In our recent Spring issue of Energy Global, Dr Joe Donnelly, CEO and Co-Founder, Windscope, makes the case for strengthening operational resilience in a volatile wind market.
Baby Sabreen al-Sakani’s mother of the same name, her father Shukri and three-year-old sister Malak have all now died following attack