Do More With Reuters

UPDATE 1-NORDIC STOCKS - Factors to watch on July 9

Wed Jul 9, 2008 11:22am IST
 
Email | Print | | Single Page
[-] Text [+]

(Adds Electrolux, Acergy)

HELSINKI, July 9 (Reuters) - The following stocks may be affected by newspaper reports and others factors on Wednesday:

ELECTROLUX (ELUXb.ST: Quote, Profile, Research)

The world's second biggest home appliance firm will continue to invest in the launch of high-end products in the United States despite the weakening economy there, its chief executive said in an interview in business daily Dagens Industri.

"Going into the premium segment is certainly a way for Electrolux to improve its operating margin," the paper quoted CEO Hans Straberg saying.

Margins are under pressure mainly from rising raw material costs -- up 8 billion crowns since 2004, according to Straberg.

The paper added that Electrolux had completed a round of plant closures in high production cost countries which were part of its restructuring plans.

For more on the company, double click on [ELUXb.ST]

  Continued...

Photo

Catch the latest news, pictures, stats and live race commentary on our special Formula 1 page.  Full Coverage