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STOCKHOLM: Appliances maker Electrolux reported on Tuesday a smaller first-quarter profit than expected and lowered its North America market outlook, saying consumer sentiment was negatively impacted by US trade policy developments.
France fines Electrolux $46mn in 2009-2014 antitrust case
The Swedish group swung to an operating profit of 452 million crowns ($46.96 million) from a year-earlier loss of 720 million, against a mean forecast in an LSEG poll of analysts of a 610 million profit.