Autoliv reported record first quarter sales of US$2.18bn, an increase of 3%, and an operating margin of 7%, including a $14.5m provision for estimated fines to resolve the US antitrust investigation the supplier is facing.
Operating income fell $102m to $153m, due mainly to higher costs for capacity changes, raw materials and R&D expenses. Income before taxes was $141m, net income $101m and earnings per share $1.07.
The company expects full year consolidated sales up 4%, and operating margin of 10-11%, excluding one-off costs.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Just Auto Excellence Awards - Have you nominated?
Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!
Nominate Now