Autoliv’s Q1 sales drops 15% y/y to USD1.8 billion
Company withdrew full year outlook for FY 2020 earlier in April
Autoliv has reported 15% y/y decline in net sales to USD1.84 billion in the first quarter ended 31 March 2020, the company said in a press release on 24 April. Lower sales also impacted the company’s operating income which dropped 23% y/y to USD134 million. Autoliv reported adjusted operating income of USD166 million, down 18% y/y, and adjusted operating income margin of 7.4%. The company concluded the first quarter with net income of USD74.9 million, down 32.8% y/y.
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