Electrolux says to make Q1 operating loss

STOCKHOLM, April 1 Tue Apr 1, 2008 10:10am EDT

Related Topics

STOCKHOLM, April 1 (Reuters) - World number two home appliances maker Electrolux (ELUXb.ST) said on Tuesday it would make an operating loss in the first quarter, but stood by its full-year 2008 forecast of earnings in line with last year.

"As a consequence of the initially weak trend of the markets in North America and Europe as well as a number of negative non-recurring items, as previously announced, we expect that operating income for the first quarter of 2008 will be somewhat negative," the firm said in a statement.

(Reporting by Stockholm Newsroom)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.