Electrolux sets provision of MEUR 25 related to unfavorable court ruling in France
A court in France has today ruled that a reorganization procedure of a former subsidiary has been extended to Electrolux Home Products France SAS (“EHP France”), Electrolux sales company for major appliances in France. The decision relates to a dispute over the 2014 divestment of the subsidiary, which has subsequently failed to develop a viable business. As a consequence of the court ruling, Electrolux will set a provision of MEUR 25 (MSEK 254) to cover potential costs. The provision will affect the Group’s operating profit in the second quarter of 2018.In 2014, EHP France decided to cease