Electrolux AB (ELUXb.ST)
Wed, Jul 18 2018
* N.America FY growth guidance at 0-2 pct vs 2-3 pct previously
STOCKHOLM Swedish home appliance maker Electrolux's quarterly operating earnings came in slightly ahead of market forecasts on Wednesday but it downgraded its outlook for demand in North America, its biggest market.
STOCKHOLM U.S. tariffs helped raise raw material costs at Electrolux , denting first-quarter earnings and sending shares in Europe's largest home appliances maker down 11 percent on Friday.
* Shares fall 11 pct, lowest in more than a year (Adds U.S. steel futures data, CEO comment)
* ELECTROLUX CEO SAYS FOR THE FULL YEAR WE CONTINUE TO PLAN TO OFFSET RAW MATERIAL PRICE INCREASE WITH COST EFFICIENCY MEASURES AND PRICE INCREASES
STOCKHOLM, April 27 Swedish home appliance maker Electrolux reported lower than expected first-quarter core operating earnings on Friday and said rising raw material costs would take a greater toll this year than previously forecast.