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Autoliv Q2 loss bigger than forecast as pandemic weighs

·1 min read

STOCKHOLM, July 17 (Reuters) - Sweden's Autoliv , the world's largest producer of airbags and seatbelts, reported a larger quarterly loss than analysts had expected on Friday as lockdowns due to the pandemic slammed car production and demand.

Autoliv reported a second-quarter operating loss of $234 million compared with a $170 million profit in the year-ago quarter, well below of a mean forecast for a $133 million loss based on a poll of analysts published by the company.

The adjusted operating loss was $171 million, the company said. (Reporting by Johannes Hellstrom; editing by Niklas Pollard)