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Dec 31, 2020
Autoliv Q4 2020 Earnings Report
Autoliv achieved record net sales, operating income, and cash flow, driven by high sales growth and good operational execution.
Key Takeaways
Autoliv reported record net sales of $2,517 million, a 15% increase year-over-year, with organic sales growth of 12.7%. The company also achieved record operating income and cash flow, driven by continued cost control and demand recovery. Adjusted operating margin improved to 12.4%, and EPS increased by 21% to $2.15.
Record net sales, driven by 12.7% organic sales growth.
Record operating income, driven by continued cost control and demand recovery.
Record cash flow, leading to a stronger balance sheet.
All major regions outperformed LVP by around 9-13pp.
Revenue by Geographic Location
Forward Guidance
For the full year 2021, Autoliv expects net sales growth of around 25%, organic sales growth of around 20%, and an adjusted operating margin of around 10%.
Positive Outlook
- Net sales growth around 25%
- Organic sales growth around 20%
- Adjusted operating margin around 10%
- Tax rate around 30%
- Leverage ratio at year end within target range
Challenges Ahead
- Continuing uncertainty in the automotive markets
- Based on customer call-offs and LVP according to IHS Markit
- Tax rate excluding unusual tax items
- Operating cash flow excluding unusual items
- Adjusted operating margin excluding costs for capacity alignments and antitrust related matters
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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