Autoliv (ALV) Tops Q1 EPS by 15c; Offers Outlook
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Autoliv: Financial Report January - March 2016
April 29, 2016 7:03 AM EDTSTOCKHOLM, Sweden--(BUSINESS WIRE)-- Regulatory News:
Strong sales growth and improved operating margin
For the three-month period ended March 31, 2016, Autoliv, Inc. (NYSE: ALV and SSE: ALIV.Sdb) the worldwide leader in automotive safety systems reported consolidated sales of $2,430 million. Quarterly organic sales* grew by close to 15%. The adjusted operating margin* was 9.1% (for non-U.S. GAAP measures see enclosed reconciliation tables).
The expectation at the beginning of the quarter was for organic sales growth of more than 10% and an adjusted operating margin of around 8.5%. The higher than expected sales growth came from stronger than expected sales in most regions.... More
