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Jun 30, 2023
Autoliv Q2 2023 Earnings Report
Achieved record second quarter sales and improved profitability
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.
Revenue by Geographic Location
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%
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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