Autoliv Q2 report

Financial ReportApril - June 2003 · Record sales and earnings · Sales up 17% to $1.4 billion · Earnings before tax up 31% to $108 million · Earnings per share up 42% to $.75 (Stockholm, July 17, 2003) - - Autoliv Inc. (NYSE: ALV and SSE: ALIV) - the worldwide leader in automotive safety systems - reported record sales and earnings, as well as continued strong cash flow for the three- month period which ended June 30, 2003. Despite a 6% decline in the underlying light vehicle production, consolidated sales rose by 17% to $1,367 million, operating income by 19% to $111 million and income before taxes by 31% to $108 million compared to the corresponding quarter 2002. Net income improved by 36% to $71 million and earnings per share by 42% to 75 cents. The operations generated cash of $118 million before investing activities. Net debt to capitalization decreased during the quarter from 30% to 29%. Stronger foreign currencies, higher market shares and better margins drove earnings and cash flow. A tele-conference will be held today at 3.30 p.m. CET (9.30 a.m. New York time). In Europe call: +44-20-7162 0093 and in N. America: +1-334- 323 6201. It will also be available and archived at www.autoliv.com under Financial info/Calendar. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00250/wkr0001.doc The full report http://www.waymaker.net/bitonline/2003/07/17/20030717BIT00250/wkr0002.pdf The full report