Mexican Media Brands
Autoliv Posts Record Sales as Profits Drop 22%
Autoliv Inc.'s revenue in October-December rose 3% to a record $2.6 billion. But quarterly net income for the Swedish airbag supplier slid 22% to $144 million, and operating income dropped 15% to $239 million.
#economics
Share
Autoliv Inc.'s revenue in October-December rose 3% to a record $2.6 billion. But quarterly net income for the Swedish airbag supplier slid 22% to $144 million, and operating income dropped 15% to $239 million.
The company blames the decline on the cost of acquisitions, administrative overhead and higher product development costs.
Autoliv’s full-year revenue climbed 10% to $10.1 billion. Operating and net incomes grew 17% to $848 million and 23% to $562 million, respectively.
The company predicts its adjusted revenue will grow more than 5% in the current quarter but slow to 2% for calendar 2017.
RELATED CONTENT
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.