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Mar 31, 2022
Autoliv Q1 2022 Earnings Report
Net sales and profitability decreased due to higher costs and supply chain disruptions.
Key Takeaways
Autoliv's Q1 2022 sales declined by 5.3% with a 1.0% organic sales decline. Profitability was impacted by higher raw material costs and supply chain disruptions, leading to a decrease in operating margin.
Sales declined organically by 1.0% as global LVP declined by around 4%.
Profitability declined due to significant operating margin headwind from higher costs.
Operating cash flow was $70 million and free cash flow was $53 million.
The company paid a dividend of $0.64 per share and repurchased 0.23 million shares.
Revenue by Geographic Location
Forward Guidance
Autoliv anticipates organic sales growth of around 12-17% and an adjusted operating margin of around 5.5-7.0% for the full year 2022, based on global LVP growth of 0-5% and targeted cost compensation effects.
Positive Outlook
- Organic sales growth of around 12-17% is expected.
- Targeted cost compensation effects are expected to be achieved.
- Market stabilization is anticipated.
- Cost control measures are strengthened.
- Strategic roadmap is on track and yielding results.
Challenges Ahead
- The second quarter adjusted operating margin is expected to be weaker than in the first quarter.
- Cost inflation is expected to increase faster than cost compensations in the second quarter.
- Global LVP is expected to grow only 0-5%.
- There is continuing uncertainty in the automotive markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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