Electrolux Q2 tops expectations, Europe recovery on track
STOCKHOLM, July 18 (Reuters) - World number two home appliances maker Electrolux said recovery in Europe had continued as it reported second-quarter results slightly better than expectations and stuck to its forecasts for growth in its home region and in the United States.
The Swedish firm, a smaller rival to Whirlpool, said on Friday adjusted operating earnings rose to 1.17 billion crowns ($171.17 million) from a year-ago 1.04 billion to come in above a mean forecast of 1.07 billion in a Reuters poll of analysts.
The company said it still expected demand in Europe to grow 1-3 percent this year and for the U.S. market to expand 4 percent. ($1 = 6.8352 Swedish Crowns) (Reporting by Stockholm Newsroom; Editing by Alistair Scrutton)
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