Autoliv: financial report july - september 2011

Stockholm--(business wire)--regulatory news: autoliv (nyse:alv)(sto:alivsdb): $1.48 for the three-month period ended september 30, 2011, autoliv, inc. (nyse: alv and sse: aliv) – the worldwide leader in automotive safety systems – met its guidance and reported the seventh consecutive quarter with double digit operating margins. consolidated net sales increased by 16% to $2,018 million compared to the same quarter in 2010. organic sales grew at a rate of 9% compared to the increase in global light vehicle production (lvp) which is estimated by ihs to have been close to 6%. this is the eighth consecutive quarter that autoliv has outperformed the global lvp. operating income increased by 1% to $205 million and income before taxes by 2% to $193 million. net income amounted to $139 million and earnings per share assuming dilution was $1.48. operating margin amounted to 10.2%. at the beginning of the quarter, the company expected operating margin to reach approximately 10% excluding any expense related to the ongoing antitrust investigations. such expenses amounted to $5 million during the quarter and had a 0.2 percentage point negative margin effect. cash flow from operations amounted to $192 million and to $104 million before financing. net debt amounted to $41 million. for the fourth quarter of 2011, the company expects consolidated sales and organic sales to grow by more than 9%. an operating margin in the range of 11-11.5% is expected for the quarter excluding any impact from the ongoing antitrust investigations. an earnings conference call will be held at 3:00 p.m. (cet) today october 25. to follow the webcast or to obtain phone numbers, please access www.autoliv.com. this information was brought to you by cision http://www.cisionwire.com
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