For the full year, Autoliv expects zero growth in sales, with an operating margin of 10.5–11.0 percent. Analysts had expected 2.9 percent growth and 10.9 percent margin, according to Bloomberg.
CEO Mikael Bratt points to significant geopolitical uncertainty and differences in how countries choose to support the automotive industry.
"For the automotive industry as a whole, predictability is important in order to make long-term decisions, and this is challenging given the current global instability. We are seeing the effects of the uncertainty: several of our customers are postponing decisions on new platforms and are continuing to produce existing models instead," he writes in an email interview with TT.
