Financial Report October - December 2019
Financial Summary - Q4'19 · Financial results in-line with or better than our expectations · Net Sales $456 million · Net Sales decline 15%, Organic Sales[1)] decline 14% · Active Safety Net Sales decline 22%, Organic Sales[1)] decline 20% · Operating cash flow impacted by ~$(30) million of timing effects Outlook - FY'20 · Organic Sales[1)] are expected to increase in the mid-single digits, mainly driven by Active Safety and Brake Systems · Currency translation impact is expected to be negligible · Operating loss and cash flow before financing activities[1]