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    Electrolux widens loss in first quarter

    The Associated Press
    23.04.2009 - 00:00 | Son Güncelleme:

    STOCKHOLM - Swedish appliance maker Electrolux has posted a 346 million kronor ($40 million) net loss in the first quarter, mainly with one-off items related to a marketing offensive and plant shutdowns in Russia and China weighing on the result.

    The company also said yesterday that the trend on its main markets in North America, Europe and Latin America is expected to continue, and that demand for appliances will drop further in 2009.

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