ALV

Autoliv Q1 operating profit tops forecast

STOCKHOLM, April 23 (Reuters) - Sweden's Autoliv ALIVsdb.STALV.N, the world's largest producer of airbags and seatbelts, reported higher than expected quarterly earnings on Friday and kept its forecast of around 20% organic sales growth in 2021.

Autoliv reported a first-quarter operating profit of $237 million compared with a $134 million profit in the year-ago quarter and a mean forecast of $201 million based on a poll of analysts published by the company.

(Reporting by Helena Soderpalm; editing by Niklas Pollard)

((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters Messaging: helena.soderpalm.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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