Ebit except exceptional elements arises to 1,18 billion crowns (118 million euros), against 1,5 billion one year before. The analysts questioned by Reuters counted on 995 million crowns. ( Finance Information City )
Electrolux, which has marks AEG, Zanussi and Frigidaire in addition to its own brand, maintained its forecast annual of operating profit, out exceptional, in a fork ranging between 3,3 billion and 3,9 billion crowns in 2008, against 4,8 billion last year.
For already two years, the group has had to face a decrease in the demand in the United States. With the financial crisis, this deceleration of activity is from now on perceptible in Europe indicates the group.
The good behaviour of the results is explained in particular by increases in price and economies, but the group refuses to make forecasts on the state of the market for the remainder of the year.
It had indicated before that it anticipated a fall of 1,2% of the European market and a contraction of about 5% to 8% in North America.
In the first exchanges, the Electrolux title yielded 1,4% to 52,75 crowns whereas in same time Stockholm Stock Exchange moved back of more than 4,5%.
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