Autoliv q1 operating income down at usd 134 million

Financial report january - march 2020.q1 $1,846m net sales.q1 13% organic sales decline.q1 operating income $134 million.company compiled consensus: autoliv q1 sales seen at $1,768 million, ebit at $72 million.we have withdrawn our full year 2020 indication until effects of covid-19 pandemic can be better assessed.no indications will be provided until effects of covid-19 pandemic can be better assessed.we achieved a strong q1 despite sharp decline in light vehicle production, and i am pleased with our sales outperformance, margins and especially our strong cash flow and cash conversion.current situation is more challenging than in q1.customer closures are now affecting most of our operations, for an unknown period of time, compared to a more limited scope in q1.have intensified working capital control through strict inventory control, careful monitoring of receivables and close collaboration with our suppliers.we have seen significant recovery in demand and production in china since restarting in mid-february and all of our plants in china are now operating at normal levels.while managing a sharp lvp decline in most regions, we are also preparing to restart and ramp up.
ALV Ratings Summary
ALV Quant Ranking