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October - December 2010
|Operating cash flow:||$326 million|
(Stockholm, February 1, 2011) For the three-month period ended December 31, 2010, Autoliv Inc. (NYSE: ALV and SSE: ALIV) the worldwide leader in automotive safety systems once again reported record results.
Operating income improved to $243 million, income before taxes to $231 million, net income to $179 million and earnings per share assuming dilution to $1.89. Gross margin amounted to 22.2% and operating margin to 12.7%.
Operational cash flow of $326 million and $245 million before financing were also new record highs.
Net sales increased by 14% to $1,907 million with the organic sales portion growing at a rate of 12% compared to a growth rate of 9% for global light vehicle production (LVP).
For the first quarter of 2011, the Company expects its consolidated net sales to rise by around 20% compared to the same quarter in 2010, with the organic sales portion growing by more than 10%. The current indication is that consolidated sales could increase by more than 10% for the full year 2011 with the organic sales portion growing by around 6%. An operating margin of at least 11.5% is expected for both the first quarter and the full year.
An earnings conference call will be held at 3:00 p.m. (CET) today Tuesday, February 1. The webcast and the tele-conference number can be accessed at our web site, www.autoliv.com.
The following information was filed by Autoliv Inc (ALV) on Tuesday, February 1, 2011 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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