Swedish airbags maker Autoliv raises sales outlook after Q2 profit grows
Adjusted operating profit at the world's largest maker of airbags and seatbelts grew to $251 million from a year-earlier $221 million, in line a mean forecast in a poll of analysts provided by Autoliv, on organic sales growth of 3%.
"We recovered around 80% of tariff costs in the second quarter, and we expect to recover most of what remains later in the year," CEO Mikael Bratt said.
"We remain confident that we can continue to successfully receive compensation from our customers for tariffs, although the industry outlook for tariffs is uncertain," he said.
Pointing to these tariff compensations, Autoliv said it now sees organic sales growth this year of around 3%. Its previous forecast, last reiterated in April, was for 2%.
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