Autoliv Presents Recast Historical Financial Information for New Operating Segments
March 30 2015 - 2:45AM
Business Wire
Regulatory News:
Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb) today published
certain recast, unaudited historical financial information for the
operating segments which became operational on January 1, 2015.
Autoliv previously announced on August 13, 2014 that it intended to
implement a new operating structure with two operating segments in
order to more effectively manage its business operations and allow
for future growth.
The Company will report its results under the two new segments,
Passive Safety and Electronics, commencing with its quarterly
report for the period ending March 31, 2015. Passive Safety
includes Autoliv’s airbag and seatbelt businesses, while
Electronics joins all of Autoliv’s electronics resources and
expertise in both passive safety electronics and active safety in
one organization.
Under this new operating structure, Autoliv will report segment
information for: sales, operating income, capital expenditures and
depreciation & amortization in its quarterly earnings releases
and periodic reports.
The figures are available in pdf format as an attachment to this
press release and as a downloadable excel file at Autoliv’s
corporate website:
http://www.autoliv.com/Investors/Pages/Financials . Autoliv intends
to publish the quarterly earnings report for the first quarter 2015
on Wednesday, April 22, 2015. The recast information does not
revise or restate our previously reported consolidated financial
statements.
About Autoliv
Autoliv, Inc., the worldwide leader in automotive safety
systems, develops and manufactures automotive safety systems for
all major automotive manufacturers in the world. Together with its
joint ventures, Autoliv has more than 80 facilities with more than
60,000 employees in 28 countries. In addition, the Company has ten
technical centers in nine countries around the world, with 20 test
tracks, more than any other automotive safety supplier. Sales in
2014 amounted to US $9.2 billion. The Company’s shares are listed
on the New York Stock Exchange (NYSE: ALV) and its Swedish
Depository Receipts on the OMX Nordic Exchange in Stockholm
(ALIVsdb). For more information about Autoliv, please visit our
company website at www.autoliv.com.
Safe Harbor Statement
This report contains statements that are not historical facts
but rather forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements include those that address activities,
events or developments that Autoliv, Inc. or its management
believes or anticipates may occur in the future. All
forward-looking statements, including without limitation,
management’s examination of historical operating trends and data,
as well as estimates of future sales, operating margin, cash flow,
effective tax rate or other future operating performance or
financial results, are based upon our current expectations, various
assumptions and data available from third parties. Our expectations
and assumptions are expressed in good faith and we believe there is
a reasonable basis for them. However, there can be no assurance
that such forward-looking statements will materialize or prove to
be correct as forward-looking statements are inherently subject to
known and unknown risks, uncertainties and other factors which may
cause actual future results, performance or achievements to differ
materially from the future results, performance or achievements
expressed in or implied by such forward-looking statements. Because
these forward-looking statements involve risks and uncertainties,
the outcome could differ materially from those set out in the
forward-looking statements for a variety of reasons, including
without limitation, changes in global light vehicle production;
fluctuation in vehicle production schedules for which the Company
is a supplier, changes in general industry and market conditions,
changes in and the successful execution of our capacity alignment,
restructuring and cost reduction initiatives discussed herein and
the market reaction thereto; loss of business from increased
competition; higher raw material, fuel and energy costs; changes in
consumer and customer preferences for end products; customer
losses; changes in regulatory conditions; customer bankruptcies or
divestiture of customer brands; unfavorable fluctuations in
currencies or interest rates among the various jurisdictions in
which we operate; component shortages; market acceptance of our new
products; costs or difficulties related to the integration of any
new or acquired businesses and technologies; continued uncertainty
in pricing negotiations with customers, our ability to be awarded
new business; product liability, warranty and recall claims and
other litigation and customer reactions thereto; higher expenses
for our pension and other postretirement benefits; work stoppages
or other labor issues; possible adverse results of pending or
future litigation or infringement claims; negative impacts of
antitrust investigations or other governmental investigations and
associated litigation (including securities litigation) relating to
the conduct of our business; tax assessments by governmental
authorities and changes in our effective tax rate; dependence on
key personnel; legislative or regulatory changes limiting our
business; political conditions; dependence on and relationships
with customers and suppliers; and other risks and uncertainties
identified under the headings “Risk Factors” and “Management’s
Discussion and Analysis of Financial Condition and Results of
Operations” in our Annual Reports and Quarterly Reports on Forms
10-K and 10-Q and any amendments thereto. The Company undertakes no
obligation to update publicly or revise any forward-looking
statements in light of new information or future events. For any
forward-looking statements contained in this or any other document,
we claim the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995, and we assume no obligation to update any such
statement.
This information was brought to you by Cision
http://news.cision.com
AutolivThomas J�nssonGroup Vice President CommunicationsTel +46
(8) 58 72 06 27
Autoliv (NYSE:ALV)
Historical Stock Chart
From Mar 2024 to Apr 2024
Autoliv (NYSE:ALV)
Historical Stock Chart
From Apr 2023 to Apr 2024