Autoliv Inc (ALV) has reported a 39.33 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $137.80 million, or $1.56 a share in the quarter, compared with $98.90 million, or $1.12 a share for the same period last year.
Revenue during the quarter grew 12.67 percent to $2,461.30 million from $2,184.50 million in the previous year period. Gross margin for the quarter contracted 2 basis points over the previous year period to 20.12 percent. Total expenses were 92.24 percent of quarterly revenues, down from 92.78 percent for the same period last year. This has led to an improvement of 54 basis points in operating margin to 7.76 percent.
Operating income for the quarter was $191.10 million, compared with $157.80 million in the previous year period.
Operating cash flow improves significantly
Autoliv Inc has generated cash of $574.20 million from operating activities during the nine month period, up 33.78 percent or $145 million, when compared with the last year period.
The company has spent $566.90 million cash to meet investing activities during the nine month period as against cash outgo of $471.90 million in the last year period.
The company has spent $152.20 million cash to carry out financing activities during the nine month period as against cash outgo of $262.40 million in the last year period.
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