July 27, 2018 / 10:18 AM / 5 months ago

Autoliv Q2 profit tops forecast, 2018 growth outlook lags

STOCKHOLM, July 27 (Reuters) - Sweden’s Autoliv , the world’s largest maker of airbags and seatbelts, reported second-quarter operating earnings above market forecasts on Friday but forecast lower than expected organic sales growth for 2018.

In its maiden report since spinning off its electronics business Veoneer , Autoliv said its operating profit rose to $229 million from $220 million a year ago, beating the $206 million forecast in a Reuters poll of analysts.

Stockholm-based Autoliv, which rivals Joyson Safety Systems and ZF TRW, forecast 2018 like-for-like sales growth of around 8 percent compared with a 9.5 percent mean poll forecast.

Autoliv shares were down 1.6 percent at 1014 GMT. (Reporting by Johannes Hellstrom)

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