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Electrolux AB (ELUXb.ST)

ELUXb.ST on Stockholm Stock Exchange

179.20SEK
9:03am EDT
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-2.80kr (-1.54%)
Prev Close
182.00kr
Open
181.60kr
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181.60kr
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176.50kr
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309.40kr
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176.50kr

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Wed, Jul 18 2018

UPDATE 2-Electrolux cuts North America outlook as tariffs force price hikes

* N.America FY growth guidance at 0-2 pct vs 2-3 pct previously

Electrolux core profit slightly ahead of forecast, cuts market outlooks

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.

Rising raw material costs throw Sweden's Electrolux into a spin

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.

UPDATE 3-Rising raw material costs throw Sweden's Electrolux into a spin

* Shares fall 11 pct, lowest in more than a year (Adds U.S. steel futures data, CEO comment)

BRIEF-Electrolux CEO says expects to be able to offset raw material cost rise in 2018

* ELECTROLUX CEO SAYS FOR THE FULL YEAR WE CONTINUE TO PLAN TO OFFSET RAW MATERIAL PRICE INCREASE WITH COST EFFICIENCY MEASURES AND PRICE INCREASES

Electrolux Q1 core profit lags forecast

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.

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