Autoliv, Inc (NYSE:ALV) - Estimates revised to reflect Management guidance. Free research report for 3Q 08 supplement results.
Autoliv, Inc (Autoliv) announced a downward revision to its previous guidance for sales growth and operating margin, excluding restructuring costs. Accordingly, we have revised downwards our sales and margin estimates. We expect Autoliv’s sales growth to remain subdued over the next 2 years, considering the anticipated subdued sales growth in its core markets; Europe and North America, in light of significant economic downturn in these regions. We anticipate a gradual improvement from FY 2010 onwards, associated with an anticipated improvement in global economic conditions. Margins are also expected to improve, associated with better sales growth, coupled with full realization of cost savings from the Action Program in FY 2010.
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Autoliv Inc. (Autoliv) announced a revision to its previous 4Q 08 and FY 2008 guidance... Read Full Story »
