2023-07-21 06:50:28 ET
- Autoliv press release ( NYSE: ALV ): Q2 Non-GAAP EPS of $1.93 beats by $0.49 .
- Revenue of $2.63B (+26.4% Y/Y) beats by $100M; 27% organic sales increase.
- The leverage ratio improved from 1.6x in the first quarter 2023 to 1.3x, impacted by lower net debt and higher adjusted EBITDA.
- Outlook: Full year 2023 indications: Around 15% organic sales growth, around 1% positive FX effect on net sales, around 8.5%-9.0% adjusted operating margin, and around $900 million operating cash flow.
- We reiterate our full year indications. Looking to the second half of the year, we expect the adjusted operating margin to be back-end loaded due to normal seasonality between the third and fourth quarters and the expected closing of price negotiations.
For further details see:
Autoliv beats Q2 top and bottom line estimates; reaffirms FY23 outlook