Electrolux Provides Update on U.S. Antidumping Review; Intends to Contest Decision

Electrolux will now appeal the DOC's decision. If the tariff rate is not significantly reduced as a result of the appeal process, it could lead to a one-time cost of up to USD 70 million. However, Electrolux believes that the company has a very strong legal case and, at this point, will not make any provision related to this potential cost.

STOCKHOLM, 14/03/2018 (informazione.news - comunicati stampa - elettronica)

Electrolux will now appeal the DOC's decision. If the tariff rate is not significantly reduced as a result of the appeal process, it could lead to a one-time cost of up to USD 70 million . However, Electrolux believes that the company has a very strong legal case and, at this point, will not make any provision related to this potential cost.

*Press release from November 2, 2017 : http://www.electroluxgroup.com/en/electrolux-to-contest-tariff-rate-set-in-antidumping-review-by-u-s-department-of-commerce-24115/

                                          
Daniel Frykholm , Electrolux Press Hotline, +46-8-657-65-07

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