Mexican Media Brands
Autoliv’s Profit Drops as Sales Cool
Autoliv Inc. says its second-quarter operating income advanced 2% to $216 million, and its operating margin rose 0.3 points to 8.5%. But consolidated sales in April-June slipped 1% to $2.5 billion.
#economics
Share
Autoliv Inc. says its second-quarter operating income advanced 2% to $216 million, and its operating margin rose 0.3 points to 8.5%.
But consolidate sales for the Swedish safety systems supplier slipped 1% to $2.5 billion. Net profit fell 14% to $129 million.
Autoliv had expected year-on-year quarterly sales would rise 2%. It says results were hurt by unexpected cutbacks in vehicle production in China and North America. Sales also fell 2% in Europe. The company predicts its revenue in the current period will be between flat and 2% higher than for the third quarter in 2017.
Autoliv reiterates its full-year forecast for an adjusted operating margin of 8.5%. But it says sales growth will be about 2%, half the increase it estimated previously.
RELATED CONTENT
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.
-
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.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.