Autoliv Now Expects Full Year 2024 Organic Sales Growth To Be 1% Instead Of Previously Expected 2% Due To Unfavorable Market Mix Development
Portfolio Pulse from Benzinga Newsdesk
Autoliv has revised its full-year 2024 organic sales growth forecast from 2% to 1% due to unfavorable market mix developments. Despite this, the company expects market share gains with Chinese OEMs and reaffirms its adjusted operating margin guidance for 2024, albeit at the lower end of the 9.5-10.0% range.
October 18, 2024 | 10:05 am
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Autoliv has lowered its 2024 sales growth forecast to 1% from 2% due to market mix issues, but expects market share gains in China. Operating margin guidance is reaffirmed at the low end of the 9.5-10.0% range.
The reduction in sales growth forecast from 2% to 1% is likely to negatively impact investor sentiment, leading to a short-term decline in stock price. However, the expectation of market share gains in China and reaffirmation of operating margin guidance may mitigate some negative effects.
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