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Autoliv Q1 operating profit beats forecast
STOCKHOLM, April 29 (Reuters) - Auto safety gear maker Autoliv reported a bigger than expected rise in first quarter core earnings on Friday and raised its forecast for like-for-like sales this year while affirming its margin outlook.
Autoliv, which is based in Sweden but reports in dollars, said operating income rose to $205 million from a year-ago $80 million, beating a mean forecast of $196 million in a Reuters poll of analysts.
The company said it saw full-year organic sales growing more than 7 percent this year compared to its previous outlook of more than 5 percent.
Link to report - (Reporting by Niklas Pollard; Editing by Alistair Scrutton)
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