Electrolux profits hit by raw material prices
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But the results were ahead of market expectations and the share price added SKr2.5 to stand at SKr130 in late morning trade in Stockholm.
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STOCKHOLM - Swedish household electrical goods manufacturer Electrolux warned on Thursday that high prices for inputs of materials and mainly of steel would set back profits more than expected this year.
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A big jump in energy costs sharply pushed up prices that U.S. manufacturers and wholesalers paid for goods last month, but outside of energy the inflation picture looked tame.
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The effect of Aids has started to hit South African firms&#39; profits, a survey suggests, with mining and manufacturing the worst affected.
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The worldÂs No. 1 maker of sport shoes said profit fell as stock-based compensation weighed on results.
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Electrolux (ELUXb.ST), the world's  largest home appliances maker, reported earnings that undershot  expectations on Tuesday but stuck to its full year outlook.
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Electrolux AB, the world's biggest maker of household appliances, said Tuesday it would spin off its outdoor products unit as it reported a drop in fourth-quarter profit.
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Demand for expensive LCD televisions is not growing fast enough to absorb output from a slew of new factories starting production, and analysts expect prices to keep falling into 2005.
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The steelmaker said costs related to the redemption of debt pulled down second-quarter profit, but the results beat Wall Street estimates.
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Electrolux will shift more of its  manufacturing to low-cost countries, dismaying its unions but  boosting its share price by 14 percent as it grapples with  rising raw material prices and stiff competition.
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Annual results show a drop in profits despite better efficiency.
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The Clorox Company, the consumer products maker, posted a lower quarterly profit on Monday, hurt by rising costs for raw materials but helped by a lower tax rate.
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Caterpillar said earnings were hurt by soft North American machine sales, selected supply chain disruptions and higher costs.
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Shares in James Hardie Industries have fallen sharply after the embattled building products group posted a 17 percent fall in net profit blamed on the costs of an inquiry into its handling of compensation claims by asbestos victims.
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Home appliance maker Whirlpool Corp. on Wednesday said third-quarter earnings fell, hurt by raw material cost increases and high oil prices, and guided its annual earnings estimate lower.
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Profits fall at nuclear firm British Energy on higher costs, such as those related to environmental issues.
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Intense competition has depressed prices of everything from washing machines to refrigerators in India, dampening the spirits, and profits, of durable goods makers as they prepare for the busy festival season.