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Electrolux Prepares To Spin Off Its Professional Business, While Reporting Flat 2019 Sales For The Division

Written by The Ashton Report

Saying it is entering an “intense transformation phase,” the Electrolux Group, based in Stockholm, Sweden, has announced financial results for the fourth quarter 2019 and full-year 2019. In anticipation of spinning off its Electrolux Professional business as a separate publicly held company in March this year, it reported results for Professional separately from the rest…

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