Financial PerformanceALV reported challenging 2Q24 results, as +0.7% organic sales growth/just moderate margin expansion drove adj. EBIT 17% below our estimate.
GuidanceFull-year guidance for 2024 was lowered accordingly, impacting the outlook for organic revenue growth, adjusted EBIT margin, and operating cash flow.
RevenueRevenue of $2.61 billion missed expectations by around 5%, led by a sharply negative June month as key customers de-stocked.