Financial Report April - June 2016 More than 12% total

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jul 22, 2016 at 6:15 AM

Financial Report April - June 2016

More than 12% total sales growth, meeting margin guidance (Stockholm, July 22, 2016) – – – For the three-month period ended June 30, 2016, Autoliv, Inc. (NYSE: ALV and SSE: ALIV.Sdb) – the worldwide leader in automotive safety systems – reported consolidated sales of $2,579 million. Quarterly organic sales* grew by 7.7%. The operating margin was 8.2% and the adjusted operating margin* was 8.6% (for non-U.S. GAAP measures see enclosed reconciliation tables). The expectation at the beginning of the quarter was for organic sales growth of “around 10%” and an adjusted operating margin of “around 8.5%”. For the third quarter of 2016, the Company expects organic sales to increase by around 6% and an adjusted operating margin of around 7.5%. The expectation for the full year is for organic sales growth of around 7% and an adjusted operating margin of more than 8.5%. The margin revisions are mainly related to costs for stronger than expected order intake. (See the “Outlook” section on the next page for further discussion of organic sales and adjusted operating margin, which are forward-looking non-U.S. GAAP measures). Key Figures For Key Figures summary table, please refer to attached file below. Comments from Jan Carlson, Chairman, President & CEO "The transformation of Autoliv continues and in the first six months of 2016 we saw continued strong order intake, which is likely to continue. This is a positive development for our future growth and our current long-term outlook now shows that we should surpass our end of decade sales target of 12 billion US dollars. As preparation for the delivery of our products begins two to three years before start of production and as future growth is accelerating, we have added close to 400 engineering resources during the second quarter. In order to be able to capture the future growth opportunities and maintain our focus on “quality first in everything we do”, we are in addition planning to add more than 1,000 engineering resources in the next twelve months. Besides the strong developments in passive safety we also saw several positive developments in our electronics business. We secured important customer wins, Autoliv-Nissin Brake Systems had a solid start in its first quarter of operations and in active safety we grew 30% organically. I am pleased that we are able to capture significant future business and balance further investments for growth with healthy full year operating margins within our long-term target range of 8-9%, while also delivering on our quarterly margin guidance despite slightly lower than expected organic growth, mainly from a lower global light vehicle production. During the quarter, one of our customers experienced a quality related recall issue with one of our products and we are still investigating the cause. Quality is our first priority and we are working with our customer to resolve this issue in the best possible manner. We continue 2016 with a clear focus on execution. Quality first, the robustness of our products and focus on operations are more important than ever as we deal with accelerating future business volumes.” An earnings conference call will be held at 2:00 p.m. (CET) today, July 22. To follow the webcast or to obtain the pin code and phone number, please access www.autoliv.com. The conference slides will be available on our web site as soon as possible following the publication of this earnings report.

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Electra Defense's $4.7M Contract Fuels USAF Innovation

Electra's Latest Win: A $4.7M USAF Experiment Forget your typical aviation story, folks. Electra Defense just scored a whopping $4.7 million contract from the U.S. Air Force Research Laboratory. The goal? To push the boundaries of hybrid-electric aircraft tech, specifically their Ultra-Short Takeoff and Landing (Ultra-STOL) capabilities. This isn't about pie-in-the-sky...

Moore County Relocation: Key Tips for Newcomers

Understanding the Moore County Landscape Take a moment to picture Moore County, NC—more than just a dot on your digital maps. This place has a lot more going on beneath the surface for out-of-state buyers looking to set down roots. I'm talking about a mix of geography, lifestyle, and practicalities that won't show up in your online browsing sessions. More Than Meets the...

Black Farmers Revitalize Birmingham with Historic Market

A Bold Return to Roots in Fountain Heights Fountain Heights, Birmingham—a place that's been screaming for change, finally gets its answer. Imagine, for almost 70 years, not a single grocery store in the neighborhood. That’s as wild as it gets. Streets once echoing with challenges now buzz with a new beginning. Enter the We All Eat Market by Fountain Heights Farms...

Upsher-Smith Rolls Out New Eye Solutions, Impacts Market

Upsher-Smith's Bold Move in Ophthalmics Right out of Maple Grove, Minnesota, Upsher-Smith Laboratories is shaking up the eye care scene with the launch of two strengths of Brimonidine Tartrate Ophthalmic Solution. We're talking 0.1% and 0.15%, folks. This ain't just a dribble in the ocean—these products are sailing into a $115 million market arena, according to IQVIA....

AWS Boosts Agilix's AI Education in Sierra Leone

Agilix Labs' Landmark Leap with AWS Just when you think you've got the grip on global education dynamics, a new wave hits your shores, this time courtesy of Agilix Labs and AWS. Agilix Labs snagged a grant from Amazon Web Services, carving a path that blends AI with educational equity in Sierra Leone. Now, if that doesn’t prick up investor ears or yank a few...

Chipotle's BOGO Promo Returns: Tattoos Boost Sales

Chipotle's BOGO Charade: A Tattooed Affair You've got to hand it to Chipotle—they know how to turn heads and wallets with their quirky promotions. The upcoming 'Tatted Like a Chipotle Bag' offer is a prime example of how they ride the cultural zeitgeist as they gear up for another record-breaking day on Friday, November 13. And seriously, with tattoos in play, they're...

Skyways Unleashes Skyreach: A Bold Step in Autonomous Cargo

Dropping Cargo the New Way No more messing around with runways and cumbersome logistics—Skyways just took a sledgehammer to traditional cargo transport with the launch of its Skyreach platform. This bad boy is a long-range autonomous Vertical Takeoff and Landing (VTOL) aircraft that promises to shake up the defense and commercial sectors. We've got flights kicking off...

Trimble Unveils Bold AI Tools in Construction Push

Trimble Connect's Bold Move in AI In the relentless world of construction, where risk is as common as a hard hat, Trimble's rolling out some heavy-duty AI capabilities. Today, at the annual Trimble Dimensions bash in Las Vegas, the bigwigs at Trimble (NASDAQ:TRMB) flashed their latest trick: Trimble Connect's AI arsenal. It's not just a software upgrade; it's practically...

Empyrean Eases Public Sector Benefits with OMNIA Deal

In a world where bureaucratic red tape often chokes efficiency, Empyrean throws a lifeline to public sector bodies. They've nabbed a cooperative purchasing contract with OMNIA Partners, dialing down the procurement guts to make benefits administration easier for government and education folks. Streamlining Public Sector Procurement Public sector organizations ain't...

PNU and Cellenkos Team Up for Biotech Advancements

Paving New Paths in Biotech Collaboration When a university and a biotech company shake hands to bolster their capabilities in the ever-evolving field of clinical trials and cell and gene therapies, investors and industry buffs alike should perk up. The College of Medicine at Princess Nourah bint Abdulrahman University (PNU) has just inked a Memorandum of Understanding...

Top 5 Most Recently Viewed Articles

Resale Market Thrives as Sustainable Shopping Grows in 2024

Resale Market Thrives Amid Changing Consumer Preferences As consumers continue to seek more sustainable and budget-friendly shopping options, the resale market is enjoying a remarkable period of growth. Recent insights reveal that platforms such as Grailed and Depop have emerged as leaders in this expanding market, offering consumers unique secondhand items that resonate...

Neonode's Q3 2025 Financial Results Reveal Challenges Ahead

Neonode Inc. Financial Overview for Q3 2025 Neonode Inc. (NASDAQ: NEON) recently shared its financial outcomes for the third quarter of 2025, illustrating notable achievements and ongoing challenges. The company's report indicates fluctuations in revenue streams affected primarily by ongoing market dynamics Quarterly Financial Summary For the three months ending September...

Agrify Corp Enhances Financial Flexibility Through Loan Amendment Agrify Corp (NASDAQ: AGFY), a key player in agriculture services, has taken a significant step towards bolstering its financial position with a recent modification to its borrowing terms. This maneuver is crucial for the company, which is looking to improve its liquidity amidst ongoing challenges in the...

How Investing in RB Global Over the Last Decade Has Paid Off

Understanding RB Global's Financial Growth RB Global (RBA) has demonstrated remarkable performance over the last decade, outpacing market averages significantly. With an annualized return of 14.44%, RB Global has not only weathered the ups and downs of the financial landscape, but it has emerged as a strong player with a market capitalization of $21.64 billion. Investing...

Great Lakes Dredge & Dock Welcomes New Hopper Dredge Amelia Island

Great Lakes Dredge & Dock Takes Delivery of New Hopper Dredge Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD), the leading provider of dredging services across the United States, has proudly announced the delivery of its latest vessel, the Amelia Island. Delivered from the Conrad Shipyard located in Louisiana, this state-of-the-art hopper dredge is specifically...