Financial Report January - March 2021
Financial Summary - Q1'21 · Financial results in-line with internal expectations despite supply chain challenges · Net Sales $419 million, Organic Sales[1] increase 17% · Active Safety Net Sales increase 27%, Organic Sales increase 18% · Operating cash flow $(110) million. · Cash balance $645 million Outlook - FY'21 (unchanged from Q4, 2020 report) · Organic Sales1 growth YoY is expected to exceed 25% · Active Safety Organic Sales1 growth YoY is expected to be ~45% · Currency translation impact is expected to be ~3% · Operating loss is expected to improve