Autoliv Q2 2023 Earnings Report
Key Takeaways
Autoliv reported a strong Q2 2023 with record second quarter sales, driven by organic growth and price increases. Profitability improved substantially, positively impacted by price increases, organic growth and cost reduction activities. The company reiterates its full year indications.
Sales increased organically by 27%, outperforming global LVP growth.
Profitability improved substantially due to price increases, organic growth, and cost reduction.
Operating cash flow increased significantly, driven by improved adjusted operating income and positive working capital effects.
The company reiterates its full year indications.
Autoliv
Autoliv
Forward Guidance
Autoliv's full year 2023 indications are mainly based on customer call-offs, a full year 2023 global LVP growth of around 4%, achievement of targeted cost compensation effects, and reduced customer call-off volatility.
Positive Outlook
- Around 15% organic sales growth
- Around 1% positive FX effect on net sales
- Adjusted operating margin around 8.5%-9%
- Operating cash flow around $900 million
- Capex, net, of sales around 6%