Tefal maker SEB cuts annual profit forecast as demand weakens, shares drop 21%
NegativeFinancial Markets

SEB, the maker of Tefal, has revised its annual profit forecast downward due to weakening demand, leading to a significant 21% drop in its shares. This news is concerning as it reflects broader challenges in the consumer goods market, potentially impacting investors and the company's future growth.
— Curated by the World Pulse Now AI Editorial System