[ad_1]
The giant auto insurance Autoliv – after the electronics business sector was transferred to the new joint stock company Veoneer focuses on seat belts, airbags and buttons – delivered in the second quarter largely organic "The key for us is the sharp increase in the number of launches, plus 72% compared to the same quarter of last year." This is the first big step in the recovery of the recipes we've been talking about for quite some time. Operating profit and year-over-year forecasts are lower than those forecast by the Inquiry Financial Consensus
. Autoliv's operating profit excluding electronic items rose to $ 230 million in the second quarter. The operating margin was 10.4% t. An adjusted operating profit of $ 242 million and an adjusted margin of 10.9 per cent was forecast. "We had external headwinds in terms of higher raw material and currency costs, and we also saw higher start-up costs," said Mikael Bratt
. and is currently rated up to 1.5 percent. The latter can be compared to a marginal increase of 0.3% for the stock market index OMXS30 of the Stockholm Stock Exchange
CONSIDERING GROWTH LESS THAN WAITING
second half, Autoliv anticipates organic growth for the whole of 2018 Analysts have calculated on average that organic growth for the entire year would be 9.5 percent and that overall growth would be in the order of 8 percent and the total increase in sales, including currency fluctuations. 14.4%
"Our forecasts reflect the market as we see it," says Mikael Bratt, referring, among other things, to recent forecasts from major automakers such as Ford, GM and Daimler.
For the full year of 2018, the company expects a cost increase of $ 29 million in raw materials compared to the previous year. ;last year. Some quarterly forecasts are not provided
The negative side also signals delays in the expected increase in production for a number of car models. "19659003" These programs are slower than expected in the first quarter and have had overlapping effects. Now, however, we are on the schedule of our launches, "says Autoliv boss, pointing out that it is volumes of customers that have not fully met expectations and that Autoliv n & # 39; 39 had no problem on his part.
