Autoliv sees record Q1 sales [Yahoo! Finance]
Autoliv, Inc. (ALV)
Last autoliv, inc. earnings: 4/24 06:00 am
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Source: Yahoo! Finance
It claimed to have "outperformed" in all regions due mainly to new product launches and higher prices carried over from last year. Profitability improved thanks to growth and cost reduction. Operating income was US$194m and operating margin 7.4%. Adjusted operating income improved from $131m to $199m and adjusted operating margin increased from 5.3% to 7.6%. Mikael Bratt, president & CEO, said: "We outperformed in all regions, including China despite a negative LVP mix development with domestic Chinese OEMs growing by 17% and global OEMs declining by 5%. It is encouraging that our sales in India grew organically by 27%. "Sales in India are now larger than in South Korea, accounting for more than 4% of our global sales." "We are on track to deliver on our full year outlook. We expect a record number of product launches in 2024, despite some OEMs changing certain vehicle model launch plans, mainly for EV platforms. "Restructuring activities are yielding results with indirect
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ALV
News
- Airbag Textile Market Size Worth $11.80 Billion by 2033; Stringent Safety Regulations in Automotive Sector to Propel Growth [Yahoo! Finance]Yahoo! Finance
- Global Advanced Driver-Assistance Systems (ADAS) Industry Analysis 2024: Global Market Projected to Reach $86.14 Billion by 2029, Driven by Advancements in Radar, LiDAR, Camera, and Ultrasonic [Yahoo! Finance]Yahoo! Finance
- Automotive ADAS Sensors Market size is set to grow by USD 49.15 bn from 2023-2027, progression toward autonomous vehicles to boost the market growth, Technavio [Yahoo! Finance]Yahoo! Finance
- Autoliv Announces Results of 2024 Annual General Meeting of StockholdersPR Newswire
- Autoliv Announces Results of 2024 Annual General Meeting of StockholdersPR Newswire
ALV
Earnings
- 4/26/24 - Beat
ALV
Sec Filings
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- 5/14/24 - Form 4
- ALV's page on the SEC website