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ALIV SDB Autoliv News Story

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Brief: Autoliv Q2 Adjusted EBIT $251 Mln

July 18 (Reuters) - Autoliv Inc ALV.N:

Q2 SALES USD 2,714 MILLION VERSUS. ESTIMATE USD 2,638 MILLION

Q2 EBIT USD 247 MILLION

Q2 ADJUSTED EBIT USD 251 MILLION VERSUS. ESTIMATE USD 251 MILLION

Q2 EPS USD 2.16

Q2 ADJUSTED EPS USD 2.21

Q2 ADJUSTED EBIT MARGIN 9.3%

ON TARIFFS: WE RECOVERED AROUND 80% OF TARIFF COSTS IN Q2, AND WE EXPECT TO RECOVER MOST OF WHAT REMAINS LATER IN YEAR

FY GUIDANCE: AROUND 3% ORGANIC SALES GROWTH (EARLIER VIEW: AROUND 2%)

PERFORMANCE WAS DRIVEN BY GOOD SALES DEVELOPMENT COUPLED WITH SUCCESSFUL ACTIONS TO REDUCE COSTS AND ACHIEVE TARIFF COMPENSATIONS

ON TARIFFS: NEGATIVE IMPACT FROM U.S. TARIFFS WAS AROUND 35BPS ON OPERATING MARGIN

SEES 0% FX EFFECT ON NET SALES IN FY (EARLIER VIEW: AROUND 3% NEGATIVE)

SAYS IT OUTPERFORMED GLOBAL LVP DESPITE STRONG HEADWINDS FROM LVP MIX SHIFTS, PARTICULARLY IN CHINA

OUTLOOK FOR ADJUSTED OPERATING MARGIN, OPERATING CASH FLOW UNCHNAGED

Source text: ID:nWkr3qwS2H

Further company coverage: ALV.N

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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