Thursday, July 26, 2007

Autoliv Q2 pretax lags consensus, margin outlook cut

(Reuters) - Excluding a legal reserve of $30 million, pretax profit was
$119 million.




The firm, which is based in Sweden but reports in dollars,
said it now saw its operating margin for 2007 as a whole at
close to 7.5 percent versus its previous expectation of close to
8 percent. It said this was due to the rise in legal reserves.


Read more at Reuters.com Market News

No comments: