Autoliv faces freight cost hazard while demand recovers — Panjiva
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Autoliv faces freight cost hazard while demand recovers

China 3047 Cons. Discr. - Autos 1246 Earnings 759 Mexico 928 Quote Watch 452 U.S. 5398

Autoliv reported 14.8% revenue growth year over year in Q4’20 as the auto safety component producer benefited from a recovery in the demand for new cars and light trucks. Yet, the company has faced $20 million of additional costs, versus operating income of $382 million, in 2020 to cover spending on “personal protective equipment, temporary supplier support, and premium freight”. Container shipping costs remain elevated in the new year while a shortage of semiconductors may lead Autoliv’s OEM customers to cut production and demand for the firm’s products. U.S. seaborne imports linked to ...

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