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Autoliv flags auto output uncertainty after profit tops forecast [Reuters]

AUTOLIV (ALV)  More Company Research Source: Reuters
Last autoliv earnings: 4/27 06:15 am Check Earnings Report
US:NYSE Investor Relations: autoliv.com/investors
PDF Autoliv flags auto output uncertainty after profit tops forecast STOCKHOLM, April 28 Autoliv, the world's biggest maker of airbags andseatbelts, reported a bigger-than-expected rise in quarterlyearnings but flagged uncertainty about global vehicle productionahead, sending its shares slightly lower. The Stockholm-based auto safety gear maker said firstquarter operating profit rose to $218 million from a year-ago$205 million to come in ahead of a mean forecast of $206 millionin a Reuters poll of analysts. The company kept unchanged its outlook for the full year butforecast like-for-like sales growth would slow in the secondquarter compared to the first while it struck a note of cautionabout global light vehicle production. "Light vehicle production grew by almost 6 percent in thequarter, with growth in all regions," the company said. "However, we currently see some uncertainties relating tolight vehicle production growth, including high inventory levelsand slower sales momentum, especi [Read more]

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