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Electrolux AB (ELUXb.ST)

ELUXb.ST on Stockholm Stock Exchange

203.60SEK
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Fri, Oct 28 2016

UPDATE 2-Electrolux sees slower demand after cost cuts boost Q3 profit

* Q3 op profit SEK 1.83 bln vs consensus 1.73 bln (Adds CEO comments, detail, share price)

Electrolux Q3 profit tops forecast, cuts market outlook

STOCKHOLM, Oct 28 Home appliance maker Electrolux reported a bigger than expected rise in third-quarter profit on Friday but scaled back its forecast for market demand in North America while saying demand in Europe could end up at the lower end of its forecast range.

BRIEF-Electrolux says lowers 2016 market outlook for North America

* Electrolux president and CEO Jonas Samuelson's comments on the results for the third quarter 2016

BRIEF-Acando signs deal with Electrolux

* Contract period is three years with option for additional 2 years Source text for Eikon:

BRIEF-Electrolux says its Latin America boss Hirschheimer resigns

* Says Ruy Hirschheimer, Head of Electrolux Major Appliances Latin America and Executive Vice President of AB Electrolux, has decided to resign from his position, effective October 1, 2016

UPDATE 1-Electrolux CEO sees no need change demand outlook, little impact from WTO ruling

Sept 12 Electrolux CEO Jonas Samuelson to journalists on sidelines of media event:

BRIEF-Electrolux CEO sees no need to alter demand outlook

Sept 12 Electrolux CEO to journalists on sidelines of media event:

UPDATE 2-Electrolux shares hit by slow U.S. sales, profit tops forecast

July 20 Home appliance maker Electrolux reported second-quarter operating earnings above forecast and raised its outlook for the European market this year, but shares fell as slower than expected sales in North America weighed.

BRIEF-Electrolux ups European market outlook, says UK demand uncertain

* Says we now expect European market demand to grow by 2-4 pct in 2016

BRIEF-Electrolux Q2 operating profit tops forecast

* Says four of six business areas achieved an operating margin above 6%

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