Autoliv Q3 2022 Earnings Report
Key Takeaways
Autoliv reported strong Q3 2022 results with record net sales of $2,302 million, a 25% increase from the previous year. Organic sales grew by 32.5%, outperforming global LVP growth. Profitability improved significantly, with operating margin increasing to 7.4% and adjusted operating margin to 7.5%.
Sales increased organically by 32.5%, 3.7pp better than global LVP growth.
Net sales of $2,302 million was a new third quarter record for the passive safety business.
Operating income improved by 72% and operating margin improved to 7.4% from 5.4%.
Operating cash flow increased to $232 million, driven by higher net income and positive working capital effects.
Autoliv
Autoliv
Forward Guidance
Autoliv updated its full year 2022 adjusted operating margin indication towards the upper end of the 6.0-7.0% range.
Positive Outlook
- Around 15% organic sales growth
- Around 6% negative FX effect on net sales
- Upper end of around 6.0%-7.0% adjusted operating margin
- Around $700-750 million operating cash flow