Autoliv Q1 profit beats expectations despite slight drop

Autoliv reported a smaller-than-expected drop in first-quarter adjusted operating profit. The results for the period exceeded the company's own expectations.

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AUTOLIV INC, the world's largest manufacturer of airbags and seatbelts, reported on Friday that its adjusted operating profit for the first quarter fell less than analysts had anticipated. The company, which is based in Sweden, announced that the financial results for the period surpassed its own internal forecasts.

The Autoliv logo is showcased during a safety product exhibition at the company's Capital Markets Day held in Stockholm, Sweden. REUTERS/Marie Mannes/File Photo
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