The Canadian Press - ONLINE EDITION

Electrolux posts Q2 net loss on restructuring charges, says demand picking up in Europe, US

  • Print

STOCKHOLM - Swedish home appliance maker Electrolux has posted a second-quarter net loss of 92 million ($13.5 million) kronor, citing large restructuring charges, but says demand in Europe and the United States is picking up.

The world's second-largest appliance maker said Friday its sales fell in the April to June period to 26.3 billion kronor from 27.7 billion a year earlier.

It said the improved demand in the Europe and the U.S. was offset by weak development in Latin America and the Middle East.

Electrolux, which sells refrigerators and washing machines under brands including AEG and Zanussi, said the bottom-line was hurt by restructuring charges and write-downs of 1.1 billion kronor.

It expects market growth of 1-3 per cent in Europe and by around 4 per cent in the U.S. this year.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Bowman questioned on financial solutions for city

View more like this

Photo Store Gallery

  • Two Canada geese fly Wednesday afternoon at Oak Hammock Marsh- Front bird is banded for identification- Goose Challenge Day 3- - Apr 30, 2012   (JOE BRYKSA / WINNIPEG FREE PRESS)
  • MIKE DEAL / WINNIPEG FREE PRESS 060711 Chris Pedersen breeds Monarch butterflies in his back yard in East Selkirk watching as it transforms from the Larva or caterpillar through the Chrysalis stage to an adult Monarch. Here an adult Monarch within an hour of it emerging from the Chrysalis which can be seen underneath it.

View More Gallery Photos

Poll

Do you think e-cigarettes should be banned by the school division?

View Results

View Related Story

Ads by Google