Autolif maintains its annual sales growth target unchanged

According to Reuters News, Otolive's chief executive Jan Carlson said that the goal of maintaining sales growth for the entire year is unchanged; however, due to the danger of the global economy facing a downturn, the situation in 2012 is still unpredictable.

Previously, Autoliv’s forecast is that sales for the whole year of 2011 will increase by more than 15% year-on-year, and operating profit margin will reach around 11%. Last year, Otolif’s net sales were US$7.171 billion. The operating profit margin was 12.1%.

Carlson said in an interview: "The company's current budget can be worth $ 1 billion in acquisitions, but we also noticed that the global auto market is weak, there is a lot of uncertainty in 2012, the specific situation will have to wait until next February Make predictions."

As European debt crisis affected consumer confidence and led to a decline in car demand, automakers have cut production capacity in European factories.