STOCKHOLM Nov 13 Electrolux, the
world second biggest home appliances maker, said on Wednesday it
expected demand for its products to be slightly positive in the
"Market demand in 2014 is also expected to be slightly
positive, with growth in North America and Asia Pacific partly
offset by a flat market in Europe and a slowdown in Brazil from
the high levels seen in 2013," the company said in a statement
ahead of its capital markets day in Stockholm.
Electrolux, which makes appliances such as fridges and
cookers under brands including Frigidaire, AEG and Zanussi as
well as its own name, said cost savings would amount to about $1
billion in 2014, and that investments in research and
development and marketing would be slightly higher than in 2013.
Link to full statement: r.reuters.com/jap64v
(Reporting by Niklas Pollard and Helena Soderpalm)