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Autoliv records Q4 net sales of US$2.12bn

Autoliv has posted fourth-quarter 2021 web sales down 15.8% to US$2.12bn, with altered operating money falling from US$311m to US$177m.

The fourth quarter of 2021 remained challenging with oblique outcomes from COVID-19 continuing to influence our business,” stated Autoliv president & CEO, Mikael Bratt.

“LVP continued to be minimal by lack of semiconductors, whilst the problem enhanced in the latter aspect of the quarter with improved call-off balance bringing some bring about for careful optimism for LVP development in 2022.

“I am pleased our running cash flow was reliable, regardless of headwinds from decreased income, uncooked substance costs and forex trade rates. I am also pleased our dollars flow and equilibrium sheet remained robust, that we lifted the quarterly dividend to US$.64 and our leverage ratio remained well within just our target range. We achieved our steerage for 2021 with organic and natural revenue progress of all-around 8%, altered running margin of 8.3% and operating cash flow of US$754m.

“The fourth quarter observed major outperformance of low protection material marketplaces vs. significant basic safety material marketplaces, generating a important unfavorable regional combine for the quarter and the whole yr.

“A history quantity of new merchandise launches in 2021 supports a solid outperformance in 2022. In 2021, we estimate we booked about 50% of all offered orders globally.

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“Based on an assumption of LVP development of all over 9%, supported by a beneficial regional blend and significant selection of item launches, we expect to increase organically by around 20%, creating an adjusted working margin of about 9.5% for the complete year 2022.”

https://www.autoliv.com/news-and-media/push-releases?web site=/perma/push/1982759