October 25, 2019 / 10:15 AM / 2 months ago

Autoliv cuts 2019 organic sales forecast again

STOCKHOLM, Oct 25 (Reuters) - Sweden’s Autoliv, the world’s largest maker of airbags and seatbelts, on Friday made fresh cuts to its 2019 organic sales forecast citing a continued decline in global light vehicle production.

The company forecast organic sales growth of 1% for 2019, compared with its previous forecast for growth of 1-3%.

Autoliv reported a fall in third-quarter adjusted operating earnings to $183 million from $194 million a year earlier, lagging a $186 million forecast in a poll of 19 analysts collected by the company. (Reporting by Johannes Hellstrom; editing by Niklas Pollard)

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