UPDATE 3-Electrolux warns profits to be hit by steel prices

Newswire

(Adds comments from conference call, updates share price) By Patrick Lannin and Patrick McLoughlin STOCKHOLM, Sept 23 (Reuters) - Electrolux , the world's biggest maker of home appliances, warned on Thursday that soaring steel prices would hit its second-half profits to the tune of 500 million crowns ($68 million). It hoped to keep its dividends and put through price rises in white goods, but its shares lost more than seven percent. Other stocks seen as vulnerable to steel prices also ...

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