"If you look at what is happening with Takata and other things, it might not be that strange that this is the consequence,” he said.
During the recent quarter, Autoliv said airbag revenue grew 4 percent to $1.3 billion. Revenue from seat belts, its second-largest product line, grew 2.7 percent to $682 million.
Sales in the Americas, Autoliv’s largest region, increased 6.5 percent to $875 million. European sales surged 17 percent to $835 million while Asian business grew 15 percent to $869 million.
The company said its adjusted operating margin declined by nearly a point to 8.6 percent.
Autoliv, based in Stockholm, Sweden, ranks No. 25 on the Automotive News list of the top 100 global suppliers with worldwide sales to automakers of $9.2 billion in 2015.
Reuters contributed to this report.