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Autoliv Inc.

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Msg  5 of 15  at  10/26/2007 10:06:05 AM  by

GrowthValue


Financial Report July

looks pretty stong to me!

Autoliv: Financial Report July - September 2007
Regulatory News:

Sales: Up 10% to $1,557 million
EBIT: Up 8% to $110 million
Continued strong cash flow
For the three-month period ended September 30, 2007, Autoliv Inc. (NYSE: ALV) and (STO: ALIV) – the worldwide leader in automotive safety systems – reported record sales, operating income and cash flow for a third quarter.

Compared to the same quarter 2006, net sales rose by 10% to $1,557 million, mainly due to 6% growth in organic sales. Operating income improved by 8% to $110 million, resulting in an operating margin of 7.1%. Income before tax increased by 3% to $95 million, while reported net income and earnings per share declined by 48% and 45% to $63 million and 81 cents per share, respectively. The third quarter of the previous year was positively impacted by the release of $66 million in certain tax reserves and other discrete tax items. Excluding this effect of 80 cents per share, underlying net income improved by 13% and earnings per share by 19%. Cash flow from operations amounted to $148 million and before financing activities to $78 million.

For the fourth quarter 2007, sales are expected to increase by approximately 8%. Operating margin is expected to exceed 9.0% compared to 8.5% in the same quarter 2006.

An earnings conference call will be held at 3:00 p.m. (CET) today October 25. To listen in, call (in Europe) +44-207-947-5033 and (in the U.S.) +1-866-432-7186 or access www.autoliv.com under “News/Calendar”.



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