Autoliv's Q1 operating profit exceeds expectations

Autoliv released its first quarter financial report: adjusted operating profit increased by 28% year-on-year to $255 million, exceeding expectations; net profit increased by 32% to $167 million. Although net sales fell slightly, down 1.4% to $2.578 billion, the company achieved an increase in profit margins by passing on 100% of the additional costs of US tariffs to customers such as Volkswagen and Honda.