17/05/2022

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Autoliv records Q4 net sales of US$2.12bn

Autoliv has posted fourth-quarter 2021 internet profits down 15.8% to US$2.12bn, with adjusted functioning revenue falling from US$311m to US$177m.

The fourth quarter of 2021 remained tough with oblique effects from COVID-19 continuing to effect our organization,” mentioned Autoliv president & CEO, Mikael Bratt.

“LVP continued to be confined by absence of semiconductors, while the scenario improved in the latter part of the quarter with improved get in touch with-off steadiness bringing some bring about for careful optimism for LVP growth in 2022.

“I am delighted our functioning cash flow was stable, irrespective of headwinds from lessen profits, raw product expenses and forex exchange rates. I am also pleased our income movement and balance sheet remained sturdy, that we elevated the quarterly dividend to US$.64 and our leverage ratio remained effectively inside our goal selection. We fulfilled our direction for 2021 with natural and organic revenue growth of all over 8%, modified functioning margin of 8.3% and operating money circulation of US$754m.

“The fourth quarter saw sizeable outperformance of very low safety articles markets vs. large safety articles markets, generating a substantial unfavorable regional blend for the quarter and the full 12 months.

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“A history selection of new solution launches in 2021 supports a powerful outperformance in 2022. In 2021, we estimate we booked all around 50% of all offered orders globally.

“Based on an assumption of LVP growth of all over 9%, supported by a good regional mix and substantial variety of products launches, we expect to increase organically by all around 20%, creating an modified operating margin of close to 9.5% for the total 12 months 2022.”

https://www.autoliv.com/information-and-media/press-releases?webpage=/perma/press/1982759