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STOCKHOLM, April 25 World number two home
appliances maker Electrolux said it saw slightly
better demand this year in Europe on Friday after posting a
small rise in first-quarter core earnings.
The Swedish firm, a smaller rival to Whirlpool which
reports later in the day, said it expected demand in Europe to
rise 1-3 percent this year against an earlier forecast of 0-2
percent growth. It also stuck by a forecast for demand in North
America to grow 4 percent.
Electrolux, which sells under brands such as Frigidaire, AEG
and Zanussi as well as its own name, said adjusted operating
earnings rose to 749 million Swedish crowns ($113.87 million)
from a year-ago 720 million to come in above a mean forecast of
541 million in a Reuters poll of analysts.
($1 = 6.5777 Swedish Crowns)
(Reporting by Simon Johnson, editing by Mia Shanley)