Autoliv‘s net sales for fourth quarter ended 31 December 2014 marginally increased to US$2.353bn from $2.351bn in the fourth quarter ended 31 December 2013.
The company’s operating income for the period was up 6.9% to $216.7m from $202.7m in the year ago period. Its income before taxes was up 4.5% to $203.3m from $194.6m. The company’s net income for the period was up 47.3% to $148m compared with $100.5m in the same period previous year.
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The company’s net sales for the full year 2014 were up 5% to $9.24bn compared with $8.80bn in the year 2013. Its operating income for the period was down 5.1% to $722.6m from $761.4 in the year ago period. The income before taxes also declined 9.1% to $667m from $734m. Its net income was down 4.3% to $469m from $489.9m.
Jan Carlson, chairman, president and CEO said: “We ended 2014 with a quarter in which sales growth as well as operating margin exceeded our expectations.”
