Financial Report April - June 2019
Financial Summary - Q2'19 · Results slightly better than our internal expectation · Net Sales $489 million · Net Sales decline 14%, Organic Sales[1] decline 10% · Active Safety Net Sales decline 14%, Organic Sales[1] decline 9% · Operating cash flow $(70) million 2019 Outlook · LVP decline in the mid-single digits versus 2018 · Organic Sales[1] decline in the high-single digits versus 2018 · Currency translation impact on sales ~(2)% versus 2018 · Operating loss improvement during H2'19 versus H1'19 · Cash flow expectation for FY'19 remains on track