Electrolux AB, the world's second- largest appliance maker, fell the most in four months in Stockholm trading after U.S. shipments of refrigerators, freezers and washers rose less than expected last month.
The Swedish manufacturer of Frigidaire appliances declined as much as 8.1 kronor, or 4.7 percent, to 166 kronor, and was trading at 167.50 kronor as of 10:40 a.m. local time, valuing the Stockholm-based company at 51.8 billion kronor ($7.9 billion.)
August deliveries of major home appliances rose 0.8 percent from a year earlier in North America
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Electrolux Adds High-End Kitchen Range
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Electrolux this week announced the launch of the Grand Cuisine, a new "ultra-luxury" kitchen range. The range consists of nine components: Combination Oven, Blast Chiller, Induction Zone, Precision Vacuum Sealer, Gas Hob, Sear Hob, Surround Induction Zone, Stand Mixer and Bespoke Ventilation Systems.
