Electrolux to report a smaller loss for second quarter 2020 than previously anticipated

The Swedish company, a rival of U.S. appliance group Whirlpool Corpsaid the reason for the report of smaller loss for the second quarter of 2020 was due to sales growth in June and successful cost mitigation actions.Net sales in the second quarter are estimated to be approximately 23.5 billion crowns, a decrease of 17% organically, the company said.In its first quarter interim report, the company said that it expects a significant second-quarter loss due to the impact of the coronavirus and saw