STOCKHOLM, April 17 (Reuters) - Sweden's Autoliv, the world's largest producer of airbags and seatbelts, reported on Friday a smaller-than-expected drop in first-quarter adjusted operating profit and said the quarter exceeded its own expectations.
(Reporting by Marie Mannes in Stockholm, Alexander Klyve Gudbrandsen in Gdansk, editing by Anna Ringstrom)
Autoliv, Inc. is a developer, manufacturer, and supplier of safety systems to the automotive industry with a range of product offerings, primarily passive safety systems. Passive safety systems include modules and components for frontal-impact airbag protection systems, side-impact airbag protection systems, seatbelts, steering wheels, inflator technologies and battery cut-off switches. The Company also develops and manufactures mobility safety solutions, such as pedestrian protection, battery cut-off switches, connected safety services and safety solutions for riders of powered two wheelers. The Company has one operating segment, which includes Autoliv’s airbag and seatbelt products and components. Its subsidiaries include Autoliv AB and Autoliv ASP, Inc. The Company operates its business in geographical regions, such as Europe, the Americas, China, Japan, and the Rest of Asia (ROA). The Company has approximately 62 production facilities in 25 countries.
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