(Reuters) -Autoliv, the world’s largest producer of airbags and seatbelts, reported a third-quarter adjusted operating profit above market expectations on Friday and said it had recovered around 75% of the tariff-related costs in the quarter.
Adjusted operating profit grew to $271 million in the quarter, from $237 million a year earlier, beating analysts’ mean forecast of $248 million provided by Autoliv.
However, Stockholm-listed shares of the dual-listed company were down 3% following the announcement, around a percentage point lower than they had been trading at before the publication.
(Reporting by Tomasz Kanik and Elviira Luoma in Gdansk, editing by Milla Nissi-Prussak)
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