Autoliv, Inc. 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.
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.
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