Autoliv Q3 Profit Tops Estimates; Expects Q4 Organic Sales To Rise By Around 9%

(RTTNews) - Autoliv, Inc. (ALV) announced it expects organic sales to increase by around 9% for the fourth quarter of 2015. Currency translations are expected to have a negative effect of more than 6%, resulting in a consolidated sales growth of more than 3%. The company expects adjusted operating margin of around 10.5%.

The expectation for the full year is for organic sales growth of around 7% and an adjusted operating margin of around 9.5%.

The company still expects operational cash flow for the full year to remain strong and to be around $0.8 billion excluding antitrust related matters and any other discrete items.

Third-quarter adjusted earnings per share was $1.53. Analysts polled by Thomson Reuters expected the company to report profit per share of $1.44 for the quarter. Analysts' estimates typically exclude special items.

Earnings per share was $1.12 compared to $1.16, one year ago. The company said its EPS was positively affected by 22 cents from higher operating income and 4 cents by lower number of shares outstanding.

For the three-month period ended September 30, 2015, Autoliv, Inc. (ALV) reported consolidated sales of $2.185 billion, down by around 1%. Quarterly organic sales grew by 8.4%. The adjusted operating margin was 9.4%.