STOCKHOLM -- (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
Contacts:
Autoliv
Thomas Jönsson
Group Vice President Communications
Tel
+46 (8) 58 72 06 27
Source: Autoliv
© 2024 Canjex Publishing Ltd. All rights reserved.