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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.
Autoliv
Autoliv
Autoliv Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comChina Revenue
CapyFin.com 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.
- FX impact on net sales is around 3% negative.
Revenue & Expenses
Visualization of income flow from segment revenue to net income