0956 GMT - Autoliv's first-quarter sales and margins were materially above expectations, while early commentary on second quarter trading is supportive, Berenberg analyst Romain Gourvil writes. Both help to de-risk Autoliv's reiterated full-year guidance, he adds. Tariffs bring volume and cost uncertainties, but Berenberg expects decent earnings growth and free cash flow generation in 2025. This is supported by Autoliv's proactive and strong execution of cost-cutting initiatives, as demonstrated by the solid 9.9% first quarter margin. The bank cuts its price target to 1,012 Swedish kronor from 1,347 kronor and keeps its buy rating. Shares fall 2.8% to 848.5 kronor. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 05:56 ET (09:56 GMT)
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