Mexican Media Brands
Autoliv’s Operating Income Jumps 50%
Autoliv Inc. says unfavorable exchange rates caused sales in the second quarter to shrink 4% to $2.9 billion.
#economics
Share
Autoliv Inc. says unfavorable exchange rates caused sales in the second quarter to shrink 4% to $2.9 billion. But operating income for the period zoomed to $209 million from $139 million in the same period last year, and net income surged 64% to $137 million.
The safety systems supplier says organic sales for April-June rose 6%. The company's adjusted quarterly operating margin rose to 9.5% from 9.3%.
Autoliv expects organic sales growth in July-September in excess of 7% and full-year organic growth of more than 6%. The company cautions that unfavorable exchange rates will shrink consolidated sales by about 2% in 2015.
Autoliv expects to produce roughly 20 million replacement airbag inflators, almost all linked to global recalls of vehicles equipped with potentially defective Takata Corp. inflators. Most units will be delivered in 2015 and 2016.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
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.