Autoliv the king of airbags deflates







Photo credit © PivèsPictures

(Boursier.com) — Autoliv , the leading Swedish group in airbags and seat belts, listed on Wall Street, fell 5% before market on the American market after accounts below expectations for the first quarter. Revenues totaled $2.49 billion, a strong year-over-year growth of 17%, but operating margin was only 5.1% and adjusted operating margin was 5.3%. Adjusted earnings per share nearly doubled to 90 cents, but missed consensus, which was 92 cents on $2.31 billion in revenue.


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