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

STOCKHOLM, March 14, 2018

It is Electrolux's position that the DOC set this tariff rate by improperly citing, as the basis for this decision, a failure on behalf of Electrolux to submit data in a timely manner. Electrolux believes that the DOC's decision lacks legal merit, because the DOC failed to provide Electrolux actual notice of the relevant documents or the necessary timeframe for response, as required by the World Trade Organization Anti-Dumping Agreement and the DOC's own internal guidelines.

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/

For further information, please contact:                                          
Daniel Frykholm, Electrolux Press Hotline, +46-8-657-65-07

This is information that AB Electrolux is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 0800 CET on March 14, 2018

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