Electrolux sees small 2013 Europe mkt demand drop, small U.S. rise
STOCKHOLM Feb 1 (Reuters) - The rise in market demand expected in the United States this year by world number two home appliances maker Electrolux will be in the low single digit range, chief executive Keith McLoughlin said on Friday.
Speaking to Reuters after the company reported a smaller than expected rise in core fourth quarter operating income, he said European consumers were still not reacting positively to the greater stability in the euro zone.
He said he expected market demand in 2013 to be positive in the low single digit range for North America and negative in the same range for Europe. He still expected a positive impact from raw material costs this year, though that advantage was being eaten away by rising plastics prices.
(Reporting by Veronica Ek, editing by Patrick Lannin)
- WTO overcomes last minute hitch to reach its first global trade deal
- Pennsylvania newlyweds "just wanted to murder someone together:" police
- Colorado baker discriminated by denying gay couple wedding cake: judge
- U.S. freeze shows no sign of weekend melt after deadly storm
- Flights delayed as air pollution hits record in Shanghai