According to data released by the official website of Autoliv, as of September 30, 2017, the global car seat system leader Autoliv recently announced the company's third quarter revenue. Autoliv's consolidated sales for the third quarter was $2.5 billion, quarterly organic sales increased by 0.5%, operating margin was 6.3%, and adjusted operating margin was 7.9%. Marine Anchor,Boat Chain Anchor,Boat Mooring Anchor,Metal Boat Anchor Jiangsu Zhongcan Marine Equipment Co.,Ltd. , https://www.jsanchorchainzc.com
In the third quarter, Autoliv's net sales were $2.5 billion, an increase of 1.6% compared to the same period last year; operating income was $158.7 million, down 17% year-on-year. Diluted earnings per share were $1.04, down 33.3% from the same period last year.
Sales of Autoliv's active safety systems business reached $1.9524 billion, an increase of 2.8% compared to the same period last year. Sales of the airbag and seat belt product lines were $1,277.6 million and $676.1 million, respectively. In terms of electronic systems, sales in the third quarter were $566.9 million, down 1.8% from the same period last year. Among them, sales of restricted control systems, active safety, and braking systems were $232.1 million, $198.2 million, and $117.8 million, respectively.
From a regional perspective, in the third quarter, except for North America, major markets around the world, including Europe, China and South Korea, experienced a certain degree of growth, while sales in North America fell by nearly 11.7%. Autoliv’s sales in the Chinese market were $443.7 million, an increase of 5.4% compared to the same period last year. Sales in the Asian market reached $939.9 million; sales in the Americas market were $769.4 million, a drop of 9.2%; sales in the European market were $791.1 million, up 10.4% year-on-year.
Autotel Chairman and CEO Jan Carlson said that the third quarter's fiscal revenue situation is beyond our expectation. We are still in the mid-term stage of future growth preparation, and the quarterly operating profit margin has also reached a high level.