World's Largest Maker of Airbags and Seatbelts Autoliv Pops on Strong Results

Core Insights - Autoliv shares experienced a significant increase following the release of strong third-quarter results, despite a global decline in light vehicle production [1][2] - The company reported adjusted earnings per share (EPS) of $1.84 and revenue of $2.56 billion, reflecting a 0.8% year-over-year decline, both figures aligning with analysts' expectations [1] Group 1 - CEO Mikael Bratt indicated that the company managed to outperform light vehicle production, maintaining nearly unchanged sales and operating income in a challenging environment [2] - Autoliv demonstrated substantial outperformance in Europe and Asia, excluding China, and anticipates market share gains with domestic Chinese OEMs in the coming years [2] - The company expects a global decline of 3% in light vehicle production for the year and has revised its organic sales growth outlook to approximately 1%, down from 2% [2]