April 1, 2008 / 2:14 PM / 9 years ago

Electrolux says to make Q1 operating loss

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below