Autoliv finds buyer for Russian business as profits rise more than expected [Reuters]
Autoliv, Inc. (ALV)
Last autoliv, inc. earnings: 4/24 06:00 am
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Source: Reuters
CEO Mikael Bratt told Reuters the company was in the approval process for the sale and expected it to go ahead in the next two to three months. The sale was first reported by financial daily Dagens Industri. Autoliv's 2022 annual report said the company suspended both its Russian operations and presence in Russia following the start of the Ukraine war in February of that year. Bratt declined to give further detail on the deal, including on price tag and buyer. The Swedish car safety equipment maker's operating profit, adjusted for non-recurring costs, rose to $199 million in the first quarter from $131 million a year before. Analysts polled by LSEG had on average forecast a profit of $185 million. Autoliv last year took action to bring down costs, including cutting and closing down plants in Europe in response to inflation across the entire sector. These efforts have been effective in improving the company's balance sheet, it said. Autoliv and other auto industry supp
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News
- This Is Why Autoliv, Inc.'s (NYSE:ALV) CEO Can Expect A Bump Up In Their Pay Packet [Yahoo! Finance]Yahoo! Finance
- Autoliv, Inc. (NYSE: ALV) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Autoliv, Inc. (NYSE:ALV) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Results: Autoliv, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts [Yahoo! Finance]Yahoo! Finance
- Autoliv sees record Q1 sales [Yahoo! Finance]Yahoo! Finance
ALV
Earnings
- 4/26/24 - Beat
ALV
Sec Filings
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 8-K
- 3/28/24 - Form 4
- ALV's page on the SEC website