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MarketScreener Homepage  >  Equities  >  Nyse  >  Autoliv Inc.    ALV

AUTOLIV INC. (ALV)
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Autoliv : plans to move ahead with listing of electronics business

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12/12/2017 | 09:28am CEST

STOCKHOLM (Reuters) - Sweden's Autoliv said on Tuesday it plans to move ahead with a listing of its electronics business, which makes radars, visions systems and driver assistance software.

It said it expected the spin-off and listing of the electronics business to be completed during the third quarter of 2018.

The electronics business is also expected to receive a cash injection from Autoliv to ensure Autoliv retains strong investment grade.

Autoliv said its passive safety business, which includes airbags and seatbelts and accounts for the bulk of the group's earnings, would continue to operate under the Autoliv name.

The world's biggest maker of airbags surprised investors in September when it said it had initiated a review with the intention to split into two companies, with one focused on technology to capture the growth related to the development of self-driving cars, and the other on products such as airbags and seatbelts.

"Through the separation, additional value for shareholders and other stakeholders will be created by the ability to better address two distinct, growing markets with leading product offerings," the company said in a statement.

Autoliv's Swedish shares have risen 20 percent since the September announcement.

(Reporting by Johannes Hellstrom; editing by Jason Neely)

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Financials ($)
Sales 2018 8 886 M
EBIT 2018 973 M
Net income 2018 643 M
Debt 2018 1 167 M
Yield 2018 3,15%
P/E ratio 2018 10,84
P/E ratio 2019 9,13
EV / Sales 2018 0,92x
EV / Sales 2019 0,84x
Capitalization 6 969 M
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Mean consensus HOLD
Number of Analysts 24
Average target price 109 $
Spread / Average Target 37%
EPS Revisions
Managers
NameTitle
Mikael Bratt President, Chief Executive Officer & Director
Jan Carlson Chairman
Mats Backman CFO & Principal Accounting Officer
Steven R. Fredin CTO & Group VP-Business Development
Jordi Lombarte Chief Technology Officer
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