Q1 2019: Challenging market conditions
Financial highlights Q1 2019
$2,174m consolidated sales
1.8% organic sales growth*
8.0% operating margin
7.7% adj. operating margin*
$1.27 EPS – a decline of 30%
$1.20 adj. EPS* – a decline of 34%
Full Year 2019 indications
Around 5% organic sales growth
Around 3% total sales growth
Around 10.5% adj. operating margin
Key business developments in the first quarter of 2019
- Organic growth outpaced global light vehicle production by 8.6pp mainly due to Americas and China.
Profitability impacted by the largest global LVP decline (~7%) in a decade, a labor conflict and rising raw materials costs. - The labor conflict in Mexico caused temporary costs of >$20m. Issue resolved and production returning to normal levels.
- *For non-U.S. GAAP measures see enclosed reconciliation tables. All figures herein refer to continued operations, excluding former Electronics segment, unless stated otherwise. All change figures in this document compares to the same period of previous year, except when stated otherwise.
Please click here to view the full press release.
SOURCE: Autoliv
