Autoliv's Q2 adjusted profit jumps by 70% helped by price hikes

Autoliv reported a big increase in second-quarter adjusted profit on Friday as sales jumped on the back of product launches and higher prices. Adjusted operating profit at the world's largest airbag and seat belt maker rose over 70 percent to $212 million in the three-months ending June 30, from $124 million in the year-earlier period. Abnormally high cost inflation has squeezed Autoliv and other car industry suppliers in recent years, prompting tough price increase negotiations with their customers. Adjusted operating profit rose over 70 percent to $212 million in the three-months ending June 30, from $124 million in the year-earlier period. The company reiterated its full-year outlook but said it expected its adjusted operating margin to be back-end loaded for the second half of the year due to normal seasonality between the third and fourth quarters.