Autoliv shares rise 7.8% after Q1 earnings beat estimates, with 27% organic sales growth in India.
Autoliv (NYSE: ALV) shares rose 7.8% to $124.87 after Q1 earnings beat estimates, with EPS of $1.58 and sales of $2.62B. Organic sales in India increased 27% and account for 4% of global sales. Autoliv plans to invest in increased capacity in Vietnam, China, and India, and maintains a FY24 outlook with 5% organic sales growth, a 10.5% adjusted operating margin, and $1.2B operating cash flow.
April 26, 2024
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