Electrolux AB ELUXY reported a decline in its fourth-quarter profit.
Electrolux's quarterly net profit dropped to 220 million Swedish kronor ($33 million), from SEK677 million, in the year-ago period. Its sales rose to SEK28.37 billion from SEK27.6 billion. However, analysts were expecting a net profit of SEK475.5 million on sales of SEK27.9 billion.
Electrolux's board of directors proposed a final dividend of SEK6.50 per share.
Electrolux's shares closed at $38.84 yesterday.
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