Autoliv: financial report april - june 2011

Stockholm, sweden--(business wire)--regulatory news: sales: $2,061 million operating margin: 10.0% eps: $1.54 for the three-month period ended june 30, 2011, autoliv, inc. (nyse: alv and sse: aliv) – the worldwide leader in automotive safety systems – reported better than expected sales and margins. consolidated net sales increased by 14% to $2,061 million compared to the same quarter 2010. organic sales grew at a rate of 5% compared to the flat expectation forecast in april. global light vehicle production (lvp) is estimated by ihs to have declined by 1%. mainly due to the effects of the earthquake in japan on global lvp, operating income and income before taxes declined by 10% to $205 million and $185 million, respectively. net income was virtually unchanged at $146 million, while earnings per share assuming dilution declined by 4% to $1.54 principally due to more shares outstanding. operating margin declined to 10.0% from an exceptionally high level of 12.7% in the same quarter 2010, but exceeded our 9% forecast. cash flow from operations amounted to $132 million and to $40 million before financing. for the third quarter of 2011, the company expects organic sales to grow by about 9% and consolidated net sales to rise by approxi­mately 16%. an operating margin of approximately 10% is expected for the quarter. for the full year, the current indications are a sales increase of approximately 16% with organic sales growing by more than 9% and an operating margin of more than 11%. the margin estimates for the remainder of the year do not include any impact from the ongoing antitrust investigations. an earnings conference call will be held at 3:00 p.m. (cet) today july 21. 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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