Atomic Fiction

Jul 29, 2018

STOCKHOLM, July 27, 2018 /PRNewswire/ -- For the three-month period ended June 30, 2018, Autoliv, Inc. (NYSE: ALV and SSE: ALIV.Sdb), the worldwide leader in automotive safety systems, reported consolidated sales growth of 11.5% to $2,212 million for Continuing Operations. Quarterly organic sales* grew by 7.3%. Significant geographic organic growth* contributors were China with 18% and Americas with 13%. Seatbelts grew organically* by 11% and airbags by 6%. The reported operating margin was 10.4%. The adjusted operating margin* was 10.4% (for non-U.S. GAAP measures see enclosed reconciliation tables). For the full year 2018, the indication is for organic sales to increase by around 8% and an adjusted operating margin of more than 11%. (See the "Outlook" section on the next page for further discussion of organic sales and adjusted operating margin, which are forward-looking non-U.S. GAAP measures). All the results herein present the performance of Autoliv giving effect to the Veoneer, Inc. spin-off, Autoliv's former Electronics segment. Historical financial results of Veoneer are reflected as discontinued operations, with the exception of cash flows, which are presented on a consolidated basis of both continuing and discontinued operations and net income attributable to a controlling interest (Consolidated Autoliv). The restated historical financial statements reflecting the Veoneer spin-off are unaudited, but have been derived from Autoliv's historical audited annual reports. Key Figures