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Stock impact report

UPDATE 1-Airbag maker Autoliv sticks with 2019 forecasts, shares rise [Reuters]

Autoliv, Inc. (ALV) 
Last autoliv, inc. earnings: 4/24 06:00 am Check Earnings Report
US:NYSE Investor Relations: autoliv.com/investors
Company Research Source: Reuters
Airbag maker Autoliv sticks with 2019 forecasts, shares rise - Reuters 2 Min Read STOCKHOLM (Reuters) - Autoliv, the world’s largest maker of airbags and seatbelts, on Friday published organic sales growth and margin forecasts for 2019 that topped analysts’ estimates, sending its shares higher. Weak car production, in mainly China and Europe, has put pressure on sales at Autoliv and its rivals since last year. The company, which competes with Joyson Safety Systems and ZF TRW, reported a first-quarter operating profit of $173 million, down from 243 million a year earlier. This fell short of a $212 million forecast from analysts. Profits were partly hit by one-off costs of more than $20 million due a labor dispute in Mexico. The company stuck with its previous forecast for full-year organic growth of 5 percent and an adjusted operating margin of 10.5 percent, above the mean forecast for 4.2 percent and 10.3 percent respectively in an analyst poll. Autoliv’s Sweden-listed shares were up Show less Read more
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