Financial Report April - June 2020
Financial Summary - Q2'20 · Underlying financial results better than expected, due to our Market Adjustment Initiatives (MAI) · Net Sales of $184 million declined 62% including an Organic Sales[1]) decline of 53% · Active Safety Net Sales of $79 million declined 57% including an Organic Sales decline of 56% · Operating Cash flow of $(107) million Outlook - FY'20 Indication · Organic sales are expected to outperform the global LVP due to new program launches · Currency translation impact is expected to be (1)% · RD&E, net is expected to improve by more than $100