-Autoliv profit, sales surge in Q1 2011.
NORDIC BUSINESS REPORT-April 20, 2011--Autoliv profit, sales surge in Q1 2011(C)2011 M2 COMMUNICATIONS http://www.m2.com
20 April 2011 - Swedish car-safety products maker Autoliv Inc (STO: ALIV SDB) said today its pretax profit increased 34% year-on-year to USD239.8m in the first quarter of 2011 as sales grew 23% to USD2.109bn.
This was largely in line with the market consensus, according to an analyst poll by news agency Reuters.
Organic sales growth was 14%, outperforming Autoliv's own expectations of 10%. The registered organic growth was also substantially higher than the 5% rise in global light vehicle production.
Autoliv's operating profit landed at USD254.8m, up by 30% from the first quarter of 2010.
The bottom line also showed strong growth as net profit surged 42% year-on-year to USD182.5m in January-March 2011.
(EUR1 = USD1.4)
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|Publication:||Nordic Business Report|
|Article Type:||Financial report|
|Date:||Apr 20, 2011|
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