Autoliv (ALV) Misses Q1 EPS by 14c, Revs Beat; Spin-Off on Track
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Autoliv - Financial Report January - March 2018
April 27, 2018 6:15 AM EDTSTOCKHOLM, April 27, 2018 /PRNewswire/ --
For the three-month period ended March 31, 2018, Autoliv, Inc. (NYSE: ALV and SSE: ALIV.Sdb), the worldwide leader in automotive safety systems, reported record sales of $2,813 million, an increase of 7.8% compared to the first quarter 2017, and record gross profit of $579 million. Quarterly organic sales* grew by 0.1%. The operating margin was 8.0% and the adjusted operating margin* was 8.8% (for non-U.S. GAAP measures see enclosed reconciliation tables).
The expectation at the beginning of the quarter was for quarterly organic sales growth to be "less than 1%" and an adjusted operating margin to be... More
