House & Home
House and Home
House and Home 
Tue, October 25, 2011
Mon, October 24, 2011
STOCKHOLM--([ BUSINESS WIRE ])--Regulatory News:
Autoliv (NYSE:ALV)(STO:ALIVSDB):
| Sales: | $2,018 million | |
| Operating margin: | 10.2% | |
| Operating cash flow: | $192 million | |
| EPS: | $1.48 |
For the three-month period ended September 30, 2011, Autoliv, Inc. (NYSE: ALV and SSE: ALIV) a" the worldwide leader in automotive safety systems a" met its guidance and reported the seventh consecutive quarter with double digit operating margins.
Consolidated net sales increased by 16% to $2,018 million compared to the same quarter in 2010. Organic sales grew at a rate of 9% compared to the increase in global light vehicle production (LVP) which is estimated by IHS to have been close to 6%. This is the eighth consecutive quarter that Autoliv has outperformed the global LVP.
Operating income increased by 1% to $205 million and income before taxes by 2% to $193 million. Net income amounted to $139 million and earnings per share assuming dilution was $1.48.
Operating margin amounted to 10.2%. At the beginning of the quarter, the Company expected operating margin to reach approximately 10% excluding any expense related to the ongoing antitrust investigations. Such expenses amounted to $5 million during the quarter and had a 0.2 percentage point negative margin effect.
Cash flow from operations amounted to $192 million and to $104 million before financing. Net debt amounted to $41 million.
For the fourth quarter of 2011, the Company expects consolidated sales and organic sales to grow by more than 9%. An operating margin in the range of 11-11.5% is expected for the quarter excluding any impact from the ongoing antitrust investigations.
An earnings conference call will be held at 3:00 p.m. (CET) today October 25. To follow the webcast or to obtain phone numbers, please access [ www.autoliv.com ].
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