Brief: Autoliv Maintains Adj EBIT Margin Guidance

Autoliv

18/10/2024 14:17

Oct 18 (Reuters) - Autoliv Inc  ALV.N :
    * SEES 2024 ADJUSTED EBIT MARGIN OF AROUND AROUND 9.5-10.0% 
(PREVIOUS VIEW: AROUND 9.5-10.0%)
    * Q3 SALES $ 2,555 MILLION VERSUS $2,535 MILLION SEEN IN
COMPANY
CONSENSUS
    * SEES 2024 OPERATING CASH FLOW OF AROUND $AROUND $1.1
BILLION
BILLION (PREVIOUS VIEW: AROUND $1.1 BILLION)
    * EXCESS INFLATION COMPENSATION NEGOTIATIONS WITH OUR
CUSTOMERS
HAVE DEVELOPED IN LINE WITH OUR EXPECTATIONS WITH A FEW
NEGOTIATIONS STILL OUTSTANDING
    * SEES AROUND 1%NEGATIVE FX EFFECT ON NET SALES IN 2024
    * Q3 EBIT $ 226MLN VERSUS $238 MILLION SEEN IN COMPANY
CONSENSUS
    * SEES 2024 ORGANIC SALES GROWTH OF AROUND 1% (PREVIOUS
VIEW:
AROUND 2%)
    * SEES CALL-OFF VOLATILITY IN 2024 TO BE SLIGHTLY LOWER THAN
IN
2023 BUT STILL REMAIN HIGHER THAN PRE-PANDEMIC LEVEL
    * CONTINUE TO EXPECT RAW MATERIAL PRICES IN 2024 TO INCREASE
SLIGHTLY FOR FY
    * WE NOW EXPECT FULL YEAR 2024 ORGANIC GROWTH TO BE 1%
INSTEAD OF
PREVIOUSLY EXPECTED 2% DUE TO UNFAVORABLE MARKET MIX DEVELOPMENT
    * SEES CONTINUED COST PRESSURE FROM INFLATION RELATING
MAINLY TO
LABOR, ESPECIALLY IN EUROPE AND AMERICAS
    * Q3 ADJUSTED DILUTED EPS $1.84
    * AUTOLIV SWEDISH DEPOSITORY RECEIPTS UP 9% AFTER Q3 RESULTS

Source text for Eikon:  ID:nWkr3fZgkY 
Further company coverage:  ALV.N 

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