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Autoliv: Financial Report January - March 2016

STOCKHOLM, Sweden, Apr 29, 2016 (BUSINESS WIRE) -- Regulatory News:

Strong sales growth and improved operating margin

For the three-month period ended March 31, 2016, Autoliv, Inc. – the worldwide leader in automotive safety systems – reported consolidated sales of $2,430 million. Quarterly organic sales* grew by close to 15%. The adjusted operating margin* was 9.1% (for non-U.S. GAAP measures see enclosed reconciliation tables).

The expectation at the beginning of the quarter was for organic sales growth of “more than 10%” and an adjusted operating margin of “around 8.5%”. The higher than expected sales growth came from stronger than expected sales in most regions.

For the second quarter of 2016, the Company expects organic sales to increase by around 10% and an adjusted operating margin of around 8.5%. The expectation for the full year is now for an organic sales growth of more than 7% and an adjusted operating margin of more than 9%. Both the second quarter and full year expectations now include the recently closed joint...