{"id":480974,"date":"2021-04-23T06:16:31","date_gmt":"2021-04-23T10:16:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/financial-report-january-march-2021\/"},"modified":"2021-04-23T06:16:31","modified_gmt":"2021-04-23T10:16:31","slug":"financial-report-january-march-2021","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/financial-report-january-march-2021\/","title":{"rendered":"Financial Report January &#8211; March 2021"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">STOCKHOLM<\/span>, <span class=\"xn-chron\">April 23, 2021<\/span> \/PRNewswire\/ &#8212; (NYSE: ALV) (SSE: ALIV.sdb)<\/p>\n<p>\n        <b>Q1 2021: Good progress in sales, profits, balance sheet<\/b>\n      <\/p>\n<p>\n        <b>Financial highlights Q1 2021<\/b>\n      <\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-money\">$2,242m<\/span><br \/>\n        <\/b>\u00a0net sales<\/p>\n<p>\n        <b>17.9%<\/b> organic sales growth*<\/p>\n<p>\n        <b>10.6%<\/b>\u00a0operating margin<\/p>\n<p>\n        <b>10.6%<\/b>\u00a0adjusted operating margin*<\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-money\">$1.79<\/span><br \/>\n        <\/b>\u00a0EPS &#8211; an increase of 108%<\/p>\n<p>\n        <b><br \/>\n          <span class=\"xn-money\">$1.79<\/span><br \/>\n        <\/b>\u00a0adjusted EPS* &#8211; an increase of 103%<\/p>\n<p>Full year 2021 indications<\/p>\n<p>\n        <b>Around 23%<\/b><br \/>\n        <b>\u00a0<\/b>net sales growth<\/p>\n<p>\n        <b>Around 20%<\/b><br \/>\n        <b>\u00a0<\/b>organic sales growth<\/p>\n<p>\n        <b>Around 10%<\/b><br \/>\n        <b>\u00a0<\/b>adjusted operating margin<\/p>\n<p>Key business developments in the first quarter of 2021<\/p>\n<ul type=\"disc\">\n<li>\n          <b>Strong organic sales growth*<\/b>, fueled by good performance in all regions. Sales increased organically by 17.9%, outperforming global LVP by more than 4pp (according to IHS Markit <span class=\"xn-chron\">April 2021<\/span>) despite adverse geographical mix effects as LVP grew strongly in lower CPV markets. All regions outperformed LVP by 6-23pp driven by launches and positive vehicle mix. Our order intake was in line with a year earlier. <\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>\n          <b>Strong improvement in operating income<\/b>, driven by strong sales growth and continued cost control. Adjusted operating margin* improved by 3.2 pp to 10.6%. RoCE improved to 26.3%. <\/li>\n<\/ul>\n<ul type=\"disc\">\n<li>\n          <b>Strong cash flow<\/b>\u00a0and strengthened balance sheet. Operating cash flow increased to <span class=\"xn-money\">$186m<\/span> and free cash flow* grew to <span class=\"xn-money\">$93m<\/span>. Net debt* declined substantially and our leverage ratio* of 1.4x is now inside our target range of 0.5x-1.5x. <\/li>\n<\/ul>\n<p>\n        <i>*For non-U.S. GAAP measures see enclosed reconciliation tables. All change figures in this release compare to the same period of previous year except when stated otherwise.<\/i>\n      <\/p>\n<p>\n        <b>Key Figures<\/b>\n      <\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prntblns\">\n<tr>\n<td class=\"prnsbt1 prnsbr1 prnvab prnsbbs prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>(Dollars in millions, except per share data)<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Q1 2021<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Q1 2020<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen4\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Change<\/b><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Net sales<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$2,242<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1,846<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">21%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Operating income<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$237<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$134<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">77%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adjusted operating income<sup>1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$237<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$136<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">74%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Operating margin, %<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10.6<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.3<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.3pp<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adjusted operating margin, %<sup>1)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">10.6<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">7.4<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">3.2pp<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Earnings per share, diluted<sup>2, 3)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1.79<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.86<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">108%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adjusted earnings per share, diluted<sup>1, 2, 3)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$1.79<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$0.88<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">103%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Operating cash flow<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$186<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">$156<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen7\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">19%<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td nowrap=\"nowrap\" class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Return on capital employed, %<sup>4)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">26.3<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14.5<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11.8pp<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">Adjusted return on capital employed, %<sup>5)<\/sup><\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">26.3<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">14.6<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">11.7pp<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" class=\"prnsbts prnsbr1 prnvab prnsbb1 prnpl6 prnsbl1 prnpr6\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">1) Excluding costs for capacity alignment. 2) Assuming dilution when applicable and net of treasury shares. 3) Participating share awards with right to receive dividend equivalents are (under the two-class method) excluded from the EPS calculation. 4) Annualized operating income and income from equity method investments, relative to average capital employed. 5) Annualized operating income and income from equity method investments, relative to average capital employed. Non-U.S. GAAP measure, see reconciliation table.<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\n        <b>Comments from <span class=\"xn-person\">Mikael Bratt<\/span>, President &amp; CEO <\/b>\n      <\/p>\n<p>The COVID-19 pandemic is still affecting us in several ways and our first priority remains the health and safety of our employees. The industry is experiencing adverse business effects, with a supply-demand imbalance of certain input materials such as steel, chemicals and semiconductors. Temporary shortages of these materials limited the light vehicle production in the first quarter and we expect this situation to continue in the second and third quarter of this year.<\/p>\n<p>In this tough environment, I am proud that the Autoliv organization delivered a strong first quarter performance where we saw high sales growth and a significant improvement in profitability compared to the first quarter in both 2020 and 2019. I am also pleased that we continued to generate a strong cash flow, that our net debt declined further, and that our leverage ratio is now back inside our target range. Our progress in the past few quarters strengthens our confidence in the journey towards our medium term targets and our opportunities to create shareholder value.<\/p>\n<p>Our sales outperformed the global light vehicle production organically by more than 4pp in the quarter, despite adverse geographical mix effects as LVP mainly grew in lower CPV markets. Driven by new launches and positive vehicle mix our sales outperformed LVP significantly in all regions. Supported by new and recent vehicle launches such as Jeep Grand Cherokee L, Mitsubishi Outlander and Peugeot 308, we expect to outgrow LVP by mid-single digits in 2021.<\/p>\n<p>We are still in an uncertain environment and we continue to face challenges in 2021. We expect adverse cost development from rising raw material prices throughout 2021. We remain focused on responding to sudden changes in light vehicle production with agility and flexibility. Despite increased industry wide supply chain challenges, we are pleased to be able to reiterate our full year guidance of around 20% organic sales growth and an adjusted operating margin of around 10% as we expect effects of the supply chain challenges to be balanced with positive sales mix and cost reduction actions.<\/p>\n<p>We can see that our strategic initiatives gradually are yielding good results, and we expect 2021 to be a solid stepping stone towards our 2022-24 targets which include a significant growth above light vehicle production as well as a solid adjusted operating margin increase.<\/p>\n<p>Inquiries: Investors and Analysts<\/p>\n<p>\n        <span class=\"xn-person\">Anders Trapp<\/span><br \/>\n        <br \/>Vice President Investor Relations<br \/>Tel +46 (0)8 5872 0671<br \/><a target=\"_blank\" href=\"mailto:anders.trapp@autoliv.com\" rel=\"nofollow noopener\">anders.trapp@autoliv.com<\/a><\/p>\n<p>\n        <span class=\"xn-person\">Henrik Kaar<\/span><br \/>\n        <br \/>Director Investor Relations<br \/>Tel +46 (0)8 5872 0614<br \/><a target=\"_blank\" href=\"mailto:henrik.kaar@autoliv.com\" rel=\"nofollow noopener\">henrik.kaar@autoliv.com<\/a><\/p>\n<p>Inquiries: Media<\/p>\n<p>\n        <span class=\"xn-person\">Gabriella Ekelund<\/span><br \/>\n        <br \/>Senior Vice President Communications<br \/>Tel +46 (0)70 612 6424 <br \/><a target=\"_blank\" href=\"mailto:gabriella.ekelund@autoliv.com\" rel=\"nofollow noopener\">gabriella.ekelund@autoliv.com<\/a><\/p>\n<p>Autoliv, Inc. is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the VP of Investor Relations set out above, at 12.00 CET on <span class=\"xn-chron\">April 23, 2021<\/span>.<\/p>\n<p>This information was brought to you by Cision <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3139738-1&amp;h=556248224&amp;u=http%3A%2F%2Fnews.cision.com%2F&amp;a=http%3A%2F%2Fnews.cision.com\" rel=\"nofollow noopener\">http:\/\/news.cision.com<\/a><\/p>\n<p>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3139738-1&amp;h=2567578569&amp;u=https%3A%2F%2Fnews.cision.com%2Fautoliv%2Fr%2Ffinancial-report-january---march-2021%2Cc3332200&amp;a=https%3A%2F%2Fnews.cision.com%2Fautoliv%2Fr%2Ffinancial-report-january---march-2021%2Cc3332200\" rel=\"nofollow noopener\">https:\/\/news.cision.com\/autoliv\/r\/financial-report-january&#8212;march-2021,c3332200<\/a>\n      <\/p>\n<p>The following files are available for download:<\/p>\n<div>\n<table cellspacing=\"0\" cellpadding=\"0\" border=\"0\" class=\"prnsbt1 prnsbr1 prnsbb1 prnsbl1\">\n<tr>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\"><br \/>\n                  <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3139738-1&amp;h=549440516&amp;u=https%3A%2F%2Fmb.cision.com%2FMain%2F751%2F3332200%2F1406387.pdf&amp;a=https%3A%2F%2Fmb.cision.com%2FMain%2F751%2F3332200%2F1406387.pdf\" class=\"prnews_a\" rel=\"nofollow noopener\">https:\/\/mb.cision.com\/Main\/751\/3332200\/1406387.pdf<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen5\">\n<p class=\"prnews_p\">\n                <span class=\"prnews_span\">The full report (PDF)<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO53516&amp;sd=2021-04-23\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/financial-report-january--march-2021-301275837.html\">http:\/\/www.prnewswire.com\/news-releases\/financial-report-january&#8211;march-2021-301275837.html<\/a><\/p>\n<p>SOURCE  Autoliv<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=IO53516&amp;Transmission_Id=202104230613PR_NEWS_USPR_____IO53516&amp;DateId=20210423\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire STOCKHOLM, April 23, 2021 \/PRNewswire\/ &#8212; (NYSE: ALV) (SSE: ALIV.sdb) Q1 2021: Good progress in sales, profits, balance sheet Financial highlights Q1 2021 $2,242m \u00a0net sales 17.9% organic sales growth* 10.6%\u00a0operating margin 10.6%\u00a0adjusted operating margin* $1.79 \u00a0EPS &#8211; an increase of 108% $1.79 \u00a0adjusted EPS* &#8211; an increase of 103% Full year 2021 indications Around 23% \u00a0net sales growth Around 20% \u00a0organic sales growth Around 10% \u00a0adjusted operating margin Key business developments in the first quarter of 2021 Strong organic sales growth*, fueled by good performance in all regions. Sales increased organically by 17.9%, outperforming global LVP by more than 4pp (according to IHS Markit April 2021) despite adverse geographical mix effects as LVP grew strongly in lower &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/financial-report-january-march-2021\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Financial Report January &#8211; March 2021&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-480974","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Financial Report January - March 2021 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/financial-report-january-march-2021\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Report January - March 2021 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire STOCKHOLM, April 23, 2021 \/PRNewswire\/ &#8212; (NYSE: ALV) (SSE: ALIV.sdb) Q1 2021: Good progress in sales, profits, balance sheet Financial highlights Q1 2021 $2,242m \u00a0net sales 17.9% organic sales growth* 10.6%\u00a0operating margin 10.6%\u00a0adjusted operating margin* $1.79 \u00a0EPS &#8211; an increase of 108% $1.79 \u00a0adjusted EPS* &#8211; an increase of 103% Full year 2021 indications Around 23% \u00a0net sales growth Around 20% \u00a0organic sales growth Around 10% \u00a0adjusted operating margin Key business developments in the first quarter of 2021 Strong organic sales growth*, fueled by good performance in all regions. Sales increased organically by 17.9%, outperforming global LVP by more than 4pp (according to IHS Markit April 2021) despite adverse geographical mix effects as LVP grew strongly in lower &hellip; Continue reading &quot;Financial Report January &#8211; March 2021&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/financial-report-january-march-2021\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-23T10:16:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=IO53516&amp;sd=2021-04-23\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/financial-report-january-march-2021\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/financial-report-january-march-2021\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Financial Report January &#8211; 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(NYSE: ALV) (SSE: ALIV.sdb) Q1 2021: Good progress in sales, profits, balance sheet Financial highlights Q1 2021 $2,242m \u00a0net sales 17.9% organic sales growth* 10.6%\u00a0operating margin 10.6%\u00a0adjusted operating margin* $1.79 \u00a0EPS &#8211; an increase of 108% $1.79 \u00a0adjusted EPS* &#8211; an increase of 103% Full year 2021 indications Around 23% \u00a0net sales growth Around 20% \u00a0organic sales growth Around 10% \u00a0adjusted operating margin Key business developments in the first quarter of 2021 Strong organic sales growth*, fueled by good performance in all regions. 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