Autoliv Reiterates Overall Guidance Ahead Of Investor Day, Launches New Passenger Airbag
Portfolio Pulse from Lekha Gupta
Autoliv Inc (NYSE:ALV) reiterated its 2023 and medium and long-term outlook ahead of its investor day, maintaining its guidance for organic sales growth and adjusted operating margin. The company also plans to continue its repurchase program and has launched a new passenger airbag module.
June 12, 2023 | 12:09 pm
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Autoliv reiterated its 2023 and medium and long-term outlook, maintaining its guidance for organic sales growth and adjusted operating margin. The company also plans to continue its repurchase program and has launched a new passenger airbag module.
Autoliv's reiteration of its 2023 and medium and long-term outlook, along with the continuation of its repurchase program, shows confidence in the company's future performance. The launch of the new passenger airbag module could potentially boost sales and profits. However, the stock price closed lower by 1.15% on Friday, indicating a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100