Autoliv Inc.

NYSE:ALV   3:59:51 PM EDT
100.39
+3.18 (+3.27%)
4:00:00 PM EDT: $100.42 +0.03 (+0.03%)
Other Pre-Announcement

Autoliv Q2 Operating Income Below Consensus At $164 Million

Published: 07/16/2021 10:11 GMT
Autoliv Inc. (ALV) - Financial Report April - June 2021.
Q2 Net Sales $2,022 Million Versus $2,046 Million Seen in Company-provided Consensus.
Q2 Operating Margin at 8.1% Versus 9.1% Seen in Company-provided Consensus.
Full Year 2021 Indications Around 20-22% Net Sales Growth.
Q2 Organic Sales Growth 85%.
Full Year 2021 Indications Around 16-18% Organic Sales Growth, Around 9-9.5% Adjusted Operating Margin.
Q2 Operating Income $164 Million Versus $186 Million Seen in Company-provided Consensus.
Quarterly Dividend of $0.62 Was Declared for Q2 2021.
Full Year Indication: R,d&e, Net % of Sales Around 4.5%.
Direct Covid-19 Related Costs, Such As Personal Protective Equipment, Quarantine Costs, Premium Freight and Other Items Were Around $3 Million in Q2 2021.
Expect Adverse Cost Development From Rising Raw Material Prices Through the Remainder of 2021.