Autoliv AB (NYSE:ALV) (STO:ALIVSDB)
Solid growth across our markets
For the three-month period ended
The expectation at the beginning of the quarter was for an organic sales growth of “around 5%” and an adjusted operating margin of “around 9%”. During the quarter the Company recorded legal costs related to the settlements of class action lawsuits in the U.S. of around
For the third quarter of 2014 we expect organic sales to increase by around 6%, and an adjusted operating margin of around 8.5%. The indication for the full year is now for organic sales growth of more than 6%, and an adjusted operating margin of around 9%.
“In the second quarter we saw solid growth across our markets, notably
Coming from low production levels,
The growth in
Active safety showed solid growth in the quarter and in order to support the continued growth and development in this business we have decided to increase the development and engineering spending. In the current situation with millions of cars being recalled for safety related reasons the importance of quality cannot be overemphasized. In this environment we continue to further build our position as the industry’s quality leader, as our business is all about saving lives.
With these issues in mind we continue the focus on our growth strategy, quality, and execution of the 2014 transition. ”
An earnings conference call will be held at
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Vice President Communications
Tel +46 (8) 58 72 06 27
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