STOCKHOLM, Sweden, Jan. 23, 2003 (PRIMEZONE) -- Autoliv Inc. (NYSE:ALV) (Stockholm:ALIV) -- the worldwide leader in automotive safety systems -- reported record sales and cash flow as well as strong earnings for the fourth quarter 2002.
Consolidated sales rose faster than expected or by 22% to $1.2 billion due to 12% organic growth.
Income before taxes rose by 25% to $77 million and net income by 21% to $48 million, on a comparable basis (i.e. using the same accounting principles for both 2002 and 2001). Earnings per share improved by 23% to $.49. These improvements were achieved despite the fact that light vehicle production only increased by 2%.
Cash generation of $80 million after investing activities for the quarter and $269 million for the year were both record highs.
This information was brought to you by Waymaker http://www.waymaker.net
The following files are available for download:
www.waymaker.net/bitonline/2003/01/23/20030123BIT00350/wkr0001.doc The Full Report www.waymaker.net/bitonline/2003/01/23/20030123BIT00350/wkr0002.pdf The Full Report