Autoliv: Hopeful About Active Safety - Analyst Blog
17 November 2011 - 1:45AM
Zacks
Autoliv Inc. (ALV) announced that it aims to
achieve sales of $500 million with a global market share of 30% in
2015 for its active safety products. The active safety system uses
radars and vision systems to monitor the environment around the
vehicle. It facilitates easy driving by intervening before a crash
by adjusting engine output, steering and braking.
Autoliv’s strong outlook is based on acquisitions of some
long-range radar technologies made this year. The company intends
to offer a full range of active safety products with the help of
long-range radar technologies obtained from Germany-based companies, Hella
KGaA Hueck & Co and ASTYX Communications and Sensors
GmbH.
In April,
Autoliv acquired a licensed technology from Hella Aglaia Mobile
Vision – a subsidiary of Germany’s Hella KGaA Hueck & Co. The
technology will help the company offer traffic signal recognition
and lane detection systems.
Further, in
September, the company signed a license agreement to acquire
technology from Communications and Sensors GmbH. The deal would
help Autoliv offer adaptive cruise control system in connection
with emergency braking when an accident is imminent as well as
forward collision warning system in order to alert the driver when
the vehicle is about to collide with another vehicle.
Autoliv, a
Zacks #3 Rank (Hold) stock, recorded a decline in profit to $138.4
million or $1.48 per share in the third quarter of 2011, missing
the Zacks Consensus Estimate by a penny. The company’s consolidated
sales appreciated 16% to $2.02 billion reflecting a boost of 6% due
to currency translation.
Sales of
Active Safety Products went up 78% to $40 million, with a 75%
growth in organic sales. The increase was attributable to new radar
business with Chrysler and higher optional take-rates at
Daimler’s
(DDAIF) Mercedes.
For full
year 2011, Autoliv expects consolidated sales to grow more than 15%
to $8.3 billion, backed by an organic sales growth of more than 9%.
However, given the uncertainties due to the flooding in Thailand,
the company has brought down its operating margin guidance to 11%
from over 11%.
AUTOLIV INC (ALV): Free Stock Analysis Report
DAIMLER AG (DDAIF): Free Stock Analysis Report
Zacks Investment Research
Mercedes Benz (PK) (USOTC:DDAIF)
Historical Stock Chart
From Jun 2024 to Jul 2024
Mercedes Benz (PK) (USOTC:DDAIF)
Historical Stock Chart
From Jul 2023 to Jul 2024