Financial Report July - September 2020

Financial Summary - Q3'20 · Net Sales and Cash flow were better than expected · Net Sales of $371 million declined by 20% including an Organic Sales1  decline of 7% · Active Safety Net Sales of $170 million declined by 5% including an Organic Sales decline of 9% · Operating Cash flow was positive $1 million, which includes positive timing effects in the quarter Outlook · Net Sales are expected to return to organic growth during Q4'20 and outperform the global LVP during H2'20 · Currency translation, net is expected to be slightly positive for FY'20 · RD&E, net is