Electrolux says Q4 profit in line with forecasts, margins up

Stockholm

HOME appliance maker Electrolux reported a fourth-quarter profit within market expectations on Wednesday, saying that its operating margin increased slightly to 5 per cent as it sought profitability in weak markets.

The Swedish rival of US Whirlpool Corp and maker of Electrolux, Frigidaire, AEG and other household appliance brands said that it continued to expect market demand in North America to grow between 2-3 per cent this year.