Financial Report October - December 2020
Financial Summary - Q4'20 · Financial performance better than expectations · Net Sales $455 million, Organic Sales[1] increase 17% · Active Safety Net Sales increase 38%, Organic Sales increase 31% · Operating cash flow $(77) million, $27 million improvement YoY · Cash balance $758 million Outlook - FY'21 · Organic Sales[1] growth YoY is expected to exceed 25% · Active Safety Organic Sales[1] growth YoY is expected to be ~45% · Currency translation impact is expected to be ~5% · Operating loss is expected to improve in 2021 from 2020, Cash balance is