STOCKHOLM (Reuters) -Swedish Autoliv, the world’s biggest maker of airbags and seatbelts, on Wednesday reiterated its outlook for 2025 and said it would raise its dividend for the third quarter to $0.85 per share from $0.70 in the second quarter.
Autoliv said in a statement it would tweak its target leverage ratio to a debt of maximum 1.5 times adjusted earnings before interest, taxes, depreciation and amortisation, from a previous goal of hitting the middle of a 0.5-1.5 times range.
Autoliv’s shares rose on the news, trading up 2.2% by 0938 GMT from the previous day at 1,009 Swedish crowns, from 987 crowns before the company’s announcement.
(Reporting by Marie Mannes, writing by Louise Rasmussen, editing by Terje Solsvik)
