Autoliv (NYSE: ALV) reported Q2 EPS of $1.20, $0.28 worse than the analyst estimate of $1.48. Revenue for the quarter came in at $2.02 billion versus the consensus estimate of $2.13 billion.

Full year 2021 indications

Our outlook indications for 2021 reflect continuing uncertainty in the automotive markets and are mainly based on our customer call-offs and global LVP outlook according to IHS Markit, indicating a full year 2021 global LVP growth of 9%-11%.

	Full Year Indication		Full Year Indication
Net sales growth	Around 20-22%	Tax rate2)	Around 30%
Organic sales growth	Around 16-18%	Operating cash flow3)	Similar level as 2020
Adjusted operating margin1)	Around 9-9.5%	Capex, net % of sales	Below 6%
R,D&E, net % of sales	Around 4.5%	Organic growth vs LVP growth	Around +7pp

1) Excluding costs for capacity alignments and antitrust related matters. 2) Excluding unusual tax items. 3) Excluding unusual items.

The forward-looking non-U.S. GAAP financial measures above are provided on a non-U.S. GAAP basis. Autoliv has not provided a U.S. GAAP reconciliation of these measures because items that impact these measures, such as costs related to capacity alignments and antitrust matters, cannot be reasonably predicted or determined. As a result, such reconciliation is not available without unreasonable efforts and Autoliv is unable to determine the probable significance of the unavailable information.

For earnings history and earnings-related data on Autoliv (ALV) click here.