Autoliv profit tops forecasts

By:

Published: Jan 28, 2022, 11:23 UTC

STOCKHOLM (Reuters) - Sweden's Autoliv, the world's largest producer of airbags and seat belts, reported higher than expected fourth-quarter earnings on Friday and said it expected around 20% organic sales growth in 2022.

STOCKHOLM (Reuters) – Sweden’s Autoliv, the world’s largest producer of airbags and seat belts, reported higher than expected fourth-quarter earnings on Friday and said it expected around 20% organic sales growth in 2022.

Autoliv reported an operating profit of $174 million, down from $307 million in the year-ago quarter, and beating a mean forecast for $170 million based on a poll of analysts published by the company.

(Reporting by Helena Soderpalm; Editing by Simon Johnson)

About the Author

Reuterscontributor

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV. Learn more about Thomson Reuters products: